User Account

All Pages

Under ifrs an entity should initially recognize inventory

Assignment Help Accounting Basics
Reference no: EM131026027

1. Under IFRS, an entity should initially recognize inventory when:

A) it has control of the inventory. 
B)  it expects it to provide future economic benefits. 
C) all of these choices are correct. 
D) the cost of the inventory can be reliably measured. 

Reference no: EM131026027

Questions Cloud

Determine the closed-loop break frequency fbcl : A certain op amp has an open-loop dc gain of A0OL = 200, 000 and an open-loop 3-dB bandwidth of fBOL = 5Hz. This op amp is used in a non-inverting amplifier having a closed-loop dc gain ofA0CL = 100. Determine the closed-loop break frequency fBCL.
Define permissive : Define permissive. Explain how Thyroid Hormone  permissive for epinephrine. How does this relate to Thyroid Hormones role in stress response?
What are effective ways to prevent people from breaking rule : What are some of the reasons that you think are behind deviance in today's society? What do you think are some effective ways to prevent people from breaking society's rules?
How many input pulses have been applied : Sketch the output voltage of the circuit shown in Figure to scale versus time. Sometimes, an integrator circuit is used as a (approximate) pulse counter. Suppose that the output voltage is -10 V. How many input pulses have been applied?
Under ifrs an entity should initially recognize inventory : Under IFRS, an entity should initially recognize inventory when:A)it has control of the inventory. B) it expects it to provide future economic benefits. C)all of these choices are correct. D)the cost of the inventory can be reliably measured.
Where does thyroid hormone bind its receptor : Where does thyroid hormone bind its receptor? What is the target cell response (second messenger activation or transcriptional activation)?
What was the total amount of investment : How many units of capital wore out during the course of 1998? What was the total amount of investment that occurred in 1998 including expenditures on the replacement of worn out capital
Usual recommendation regarding treatment of patients : What is the usual recommendation regarding treatment of patients receiving cyclophosphamide who have the side effect of protracted, severe hemorrhagic cystitis?
Question regarding the installation of new equipment : The president of the firm has decided to shut down the plant for vacation and installation of new equipment in period 4. After installation, the cost per unit will remain the same, but the output rate for regular time will be 450.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Linda wants to use the 241300 proceeds 163000 20000 58300

linda wants to use the 241300 proceeds 163000 20000 58300 241300 from sale of the securities to open a retail store

  What is the total cost of compensation expense

Prepare the journal entry to record the payroll tax expense and fringe benefit expense for Bryan Packing Company for the week.

  Persuasive argument to help them see more possibilities

Your uncle is working in a company managing their investment center. You approach him with the sales of a large piece of equipment that can help the company save money in the end. Your uncle explains to you that they can't purchase the equipment b..

  The 2013 income statement for anderson tv and appliance

the 2013 income statement for anderson tv and appliance reported sales revenue of 220000 and net income of 85000.

  Springtime paints makes quality paint in one production

springtime paints makes quality paint in one production department. production begins with the blending of various

  Iacollia company makes two products from a common input

iacollia company makes two products from a common input. joint processing costs up to the split-off point total 47600 a

  Amount of financial depreciation

Prior to and during 2016, Shadrach Company reported tax depreciation at an amount higher than the amount of financial depreciation, resulting in a book value of the depreciable assets of $24,500 for financial reporting purposes and of $20,000 for ..

  Determining earnings per common share

Marshall Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2004. Net income for the year ended December 31, 2004,..

  Eagle company is considering the purchase of an asset for

eagle company is considering the purchase of an asset for 100000. it is expected to produce the following net cash

  Husky company has provided the following information for

husky company has provided the following information for its most recent year of operationnbspnbspcash collected from

  Best characterizes the art of minoan crete

Which of the following phrases best characterizes the art of Minoan Crete?

  Problem regarding the accrual basis gross receipts

Compute Selma's accrual basis gross receipts for 2015.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd