All of the following statements are true except:
a. U.S. standards do not require a classified balance sheet.
b. IFRS require companies to present classified balance sheets.
c. Under IFRS, an unclassified balance sheet based on the order of liquidity is acceptable only when it provides more reliable information than a classified one.
d. U.S. standards require a classified balance sheet with liabilities in order by size or by order of liquidity.
d
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The production concept is one of the newest concepts in business
Indicate whether the statement is true or false
All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct. b. Ratios can tell whether future sales growth was accurately captured. c. Ratios cannot tell whether assumptions about future cash flows are realistic. d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
Plant tours do not represent a good source of product information
Indicate whether the statement is true or false
What is the cost of the inventory policy (excluding cost of goods) if the diner orders at the economic order quantity?
A) $53.40 B) $106.80 C) $26.70 D) $80.10