Is there a standard format used in all countries for the statement of financial position? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
No there is no standard format in various countries for th...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1285183237
9th edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted:
Students also viewed these Cost Accounting questions
-
Is there a standard procedure for dismissal at any place that you have been employed? Describe the procedure.
-
Multiple Choice Questions 1. The statement of cash flows reports: A) Assets, liabilities, and equity. B) Revenues, gains, expenses, and losses. C) Cash inflows and cash outflows for an accounting...
-
Sanderson Inc., a pharmaceutical distribution firm, is providing a BMW car for its Chief Executive Officer as part of a remuneration package. Sanderson has a calendar year end, issues financial...
-
Write a paper on the brothers karamazov, fyodor dostoyevsky creates a conversation between two brothers: the cynical ivan, and the devoutly religious and earnest alyosha. In their dialogues...
-
A condensed income statement for the Turbine Division of Mega Engines Inc. for the year ended December 31, 2008, is as follows: Sales ........ $600,000 Cost of goods sold ... 338,000 Gross profit...
-
The following balance sheet is presented for J.D.F Company as of December 31, 2011. During 2012, J.D.F entered into the following transactions.Made credit sales of $1,350,000 and cash sales of...
-
What is single-plane balancing?
-
Prior to liquidation, the following information relates to the partnership: Partnership trial balance: On June 30, other assets with a book value of $160,000 were sold for $120,000, and all available...
-
A car starts 200 m west of the town square and moves with a constant velocity of 15 m/s toward the east. Draw a d vs. t graph that represents the motion of the car a. Write the equation that...
-
Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reeses current benefit analysis is as follows: Compute the benefit analysis assuming: 3 percent increase in pay. ...
-
How are extraordinary items presented on the income statement of a company following U.S. GAAP? How does this differ if the company follows IFRS?
-
How have accounting standards developed differently in countries that use a common law system as opposed to those using code law?
-
The ramp ABCD is supported by cables at corners C and D. The tension in each of the cables is 360 lb. Determine the moment about A of the force exerted by (a) The cable at D, (b) The cable at C. 24i...
-
Suppose f(x)=4x+9 and g(x) = r +3. Find the value of (fog)(1).
-
What are the implications of the fluctuation-dissipation theorem in understanding the statistical fluctuations of thermodynamic variables and their connection to dissipative processes ?
-
Once you have a topic, and you have conducted your audience analysis, it's time to nail down your specific purpose. If your general purpose is to persuade, the specific purpose identifies what you...
-
Discuss your thoughts about family change and family decline Analyze four to five factors you determine have impacted the social institution of family Analyze two or three effects of the evolution of...
-
Discuss how a particular communication technology was subjected to censorship. Describe both the historical perspective and how censorship is currently taking place within that communication medium.
-
For the following exercises, use reference angles to evaluate the expression. tan 330
-
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
-
Sale of Asset A machine with a cost of $100,000 and accumulated depreciation of $80,000 was sold at a loss of $6,000. What amount of cash was received from the sale?
-
Describe the operating cycle for a manufacturing company. How would the cycle differ for a retailer?
-
Classification of Intangible Assets Which of the following would be considered Intangible Assets on the balance sheet? Which intangibles should be amortized? Patents Copyrights Research and...
-
Briefly describe the application of each of the following methods used in assessing candidates. 1 Conducting the Interview 2 Selection Activities Outline below, a minimum of two (2) strategies you...
-
solve x-x-12=0
-
The "Big Bang" is not repeatable, and therefore cannot be proven scientifically. What can be done is to examine the evidence, and then a case can be made for evidence pointing to a possible scenario....
Study smarter with the SolutionInn App