According to AS-16 how foreign currency difference is accounted for (a) It is expensed (b) It is
Question:
According to AS-16 how foreign currency difference is accounted for
(a) It is expensed
(b) It is capitalized
(c) Neither of these
(d) Either of these
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a I...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4.80+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
According to AS-10, how foreign currency difference is accounted for (a) It is expensed (b) It is capitalized (c) Neither of these (d) Either of these
-
China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following set of dotplots with overlaid boxplots gives the number of pairs of flip-flops students said they owned for 13 males (top) and 37 females (bottom) in a statistics class. The five-number...
-
Selected accounts from the chart of accounts of Ayoade Company are shown below. 101 Cash 126 Supplies 112 Accounts Receivable 157 Equipment 120 Inventory 201 Accounts Payable 401 Sales Revenue 505...
-
According to the rule of rational choice, would you do more or less of something if its expected marginal benefits increased? Why?
-
If people pay for good weather, who ultimately receives the good-weather payment?
-
New York Citys charter authorized the New York City Board of Health to adopt a health code that it declared to have the force and effect of law. The board adopted a code that provided for the...
-
One key feature of Sage 50 Accounting software, it implements user access controls to restrict access to sensitive financial data. Maintain the security of financial information with password...
-
Masters Ltd is engaged in the development of education equipment and educational methods. It carries research and development activities to bring improvement in the teaching methodologies. It...
-
On April 1, 2007, a machine was purchased for 70,000. Estimated useful life of machine is five years with an estimate of zero salvage value at the end. Company provides depreciation @ 20% p.a. as...
-
A retaining wall is shown in Figure 14.36. For each problem, determine the Rankine active force, Pa, per unit length of the wall and the location of the resultant. V2 HH, 8m 3m 13 kN/m 18.8 kN/m ...
-
How does evidence from color deficiency appear to support the opponent-process channels concept. What are the three basic properties of light?
-
What effect would a wildfire that burned so hot that it sterilized the soil, killing all the microbes, have on the nitrogen cycle?
-
Mirtha is an assistant in the Accounting Area of the company Cielos Abiertos; Currently, she is reviewing accounts that have a normal credit balance. Taking into consideration the aforementioned,...
-
What are the costs of staffing versus accepting the Gitre proposal? Do you recommend that SMS accept the proposal from Gitre to provide staff and other services to the Visitor Division?
-
What European countries originally dominated Canada and the United States during the colonial era, and what are some of the impacts of each of these colonial empires on the political systems and...
-
Williams Company, located in southern Wisconsin, manufactures a variety of industrial valves and pipe fittings that are sold to customers in nearby states. Currently, the company is operating at...
-
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
-
The March 4, 2010, edition of the Wall Street Journal Online contains an article by Jeffrey McCracken and Tom McGinty entitled With Fistfuls of Cash, Firms on Hunt. Instructions Read the article and...
-
The incredible growth of Amazon.com has put fear into the hearts of traditional retailers. Its stock price has soared to amazing levels. However, in 2001 many investors were very concerned about...
-
Bob Soakup and Clare Karr are examining the following statement of cash flows for Baldwin Company for the year ended January 31, 2012. BALDWIN COMPANY Statement of Cash Flows For the Year Ended...
-
A table fan has a mark on the tip of one blade. The equation y = 16 sin (4xx) + 23 represents the height of the mark, y centimetres, above the table x seconds after the fan is turned on. What is the...
-
Multiply and simplify: x+10x+21 9 x+7 x+3
-
Factor by grouping. 4u +7u +20u+35
Study smarter with the SolutionInn App