Conceptual framework was 1st adopted by IASB, on what particular date?
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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
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A: Computation of. Cost formula are as follows
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A: A variance refers to the difference of budgeted and expected figures of revenues or expenses.
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A: Answer for 10 is T True Your Papa gave you' an allowance of P10, good for one week. Bythe end of…
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A: Gross profit = Sales - Cost of goods sold
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A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…
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A: Solution Depreciation means a reduction in the value of an tangible asset for a period of time.
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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
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A: Formula: Total contribution margin = Contribution margin per unit x Number of units
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Q: How is total cost of goods sold and the total amount billed to customers calculated?
A: A job cost sheet is a sheet which is used to record the manufacturing costs .
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A: Present Value: When a predetermined rate of return is applied to a future amount of money or stream…
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- Explain how to set the date of the first adoption of IFRS and first reporting date in accordance with IFRSWhich of the following is a phase of the joint FASB and IASB conceptual framework project? mixed attribute measurement elements and recognition going-concern assumption period of time assumptionWhich organization initiated the convergence process between GAAP and IFRS and why?