Why would a Canadian private company choose to use IFRS instead of ASPE?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A private company may choose to use IFRS if it is competing with internation...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Question Posted:
Students also viewed these Accounting questions
-
Why would a Canadian private enterprise choose to use IFRS instead of ASPE?
-
Why would a Canadian company reporting under IFRS choose to follow the traditional current then non-current approach for its balance sheet presentation rather than a non-current then current approach?
-
Polka Dot Enterprises is a Canadian private company located in Toronto, Ontario. Their business operations consist of event planning for corporations and fundraisers. They have recently begun the...
-
Name four ways to mitigate the incentives for managers to overproduce.
-
Mize and Petit (1997) were interested in the impact of a mother's style of helping her child understand social interactions on the child's social life. These researchers arranged for 43 volunteer...
-
The total charge Q is just the sum of the charges on all of the charge particles with charge e. Q=Ne If 2.3 x 1020 electrons move through an electronic device, then how many Coulombs were moved?
-
You are applying for jobs at two companies. Company A offers starting salaries with = \($30,000\) and = \($4,000\). Company B offers starting salaries with = \($30,000\) and = \($2,000\). From...
-
Which of the following bonds offers the highest current yield? a. A 91/2%, 20-year bond quoted at 973/4 b. A 16%, 15-year bond quoted at 1645/8 c. A 51/4%, 18-year bond quoted at 54
-
es On October 31, 2024, Crowe Company's general ledger shows a cash account balance of $8,454. The company's cash receipts for the month total $74,700, of which $71,390 has been deposited in the...
-
Aluminum fins (k = 170 W/m-K) with triangular profiles shown in Figure P13-42 are used to remove heat from a surface with a temperature of 200 oC. The temperature of the surrounding air is 10 oC. The...
-
Who sets accounting standards for public and private companies in Canada?
-
What is a disclosed basis of accounting? Explain.
-
The table gives the distribution of grades earned by students taking the AP Calculus AB and AP Statistics exams in 2016. a. Make an appropriate graphical display to compare the grade distributions...
-
An investment company is a company that invests its own money in a variety of securities. invests its own money in a variety of real assets. invests money raised from investors in a variety of...
-
A market value-weighted index is the weighted index is the A good example of market value- weighted average of the returns of each component security, with weights proportional to outstanding market...
-
Showing that a problem is NP complete requires Polynomial-time Reduction. Now, a set of nodes "V" is a vertex cover. The removal of V from the graph destroys every edge. This is the VERTEX_COVER...
-
What is the conflict faced by the protagonist in "The Story of an Hour"? How does this conflict play out in the story? Is it resolved by the end of the story?
-
The Ax = 4.03 Ay = -6.09 components of vector A are given as follows: What is the magnitude of vector A?
-
Use Lagrange multipliers to find the maximum and minimum values of the function subject to the given constraint(s). f(x, y, z) = x 2 + y 2 + z 2 ; x 4 + y 4 + z 4 = 1
-
(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...
-
At what speed should a \(0.02-\mathrm{kg}\) bullet be shot to have the same momentum as a \(0.45-\mathrm{kg}\) soccer ball kicked at \(80 \mathrm{~km} / \mathrm{hr}\) by a professional player?
-
Establishment Industries borrows $1,040 million at an interest rate of 7.2%. It expects to maintain this debt level into the far future. Establishment will pay tax at an effective rate of 38%. What...
-
The Presentation Layer ER Diagram shown in conjunction with part a below is focused around students who participate in sports and also enroll in classes. Please base your answer to this question on...
-
The current price of one share of XYZ stock is 56.50. A long straddle (one long call and one long put) on the stock with a strike price of K and one year to expiration has a total cost of 12.00. The...
Study smarter with the SolutionInn App