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Answer added by  وضاح يحي, مدير حساب, وزاره الماليه
27 days ago

Investment and stakeholders

What is the basic principle for measuring inventories in line with IAS 2?‎

1. Inventories shall be measured at the lower of fair value and value in use. 2. Inventories shall be measured at the lower of fair value and net realizable value. ‎ ... See More

Why is ratio analysis important? ‎

Which of the following items would you classify as cash or cash equivalents in line with IAS 7?‎

  1. Petty cash, bank account balance, term deposit due in5 months, short-term investments readily convertible to cash which are subject to insignificant risk of cha‎ ... See More

How can we calculate a stage of completion?‎

1. Services performed to date divided by total services to be performed.   2. By performing surveys of work performed.   3.Costs incurred to date divided by total est‎ ... See More

In what way does a feasibility study differ from a business plan?‎

Which of the following statements is true?‎

  1. When carrying amount of an asset is greater than its tax base, then deductible temporary difference arises.   2. Taxable temporary differences result in a def‎ ... See More

Which intangible asset can be recognized in the financial statements according to IAS 38?‎

  1. Internally generated goodwill.   2. Internally generated publishing title.   3. Internally generated software.   4.Research cost and feasibility study.‎

The sale for $2,000 of equipment that cost $8,000 and has accumulated depreciation of $6,700 would result in a?‎

a. gain of $2,000. b. gain of $700. c. loss of $700. d. loss of $1,300.‎

A company is being sued for $100,000. What would be recorded on the balance sheet?‎

    a. Nothing   b. $100,000 Set-aside Cash   c. $100,000 Liability   d. $100,000 Contingent Liability‎