International Financial Reporting Standards (IFRS) do not permit the use of the LIFO inventory cost flow method.
Answer the following statement true (T) or false (F)
True
This is a difference between IFRS and U.S. GAAP.
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Answer the following statements true (T) or false (F)
1.If Argentina has a comparative advantage over Brazil in beef relative to coffee, Argentina will specialize in beef production. 2.Modern trade theory recognizes that the pattern of world trade is governed by both demand conditions and supply conditions. 3.In autarky equilibrium, a nation realizes the lowest possible level of satisfaction given the constraint of its production possibilities frontier. 4.A nation benefits from international trade if it can achieve a higher indifference curve than it can in autarky. 5.A nation realizes maximum gains from trade at the point where the international terms-of-trade line is tangent to its community indifference curve.
Which would best be used to illustrate a project schedule?
A. Ishikawa diagram B. control chart C. Gantt chart D. flowchart
Stiller Company owns a machine that was bought on January 2, 2011, for $376,000 . The machine was estimated to have a useful life of five years and a salvage value of $24,000 . Stiller uses the sum-of-the-years'-digits method of depreciation. At the beginning of 2014, Stiller determined that the useful life of the machine should have been four years and the salvage value $35,200 . For the year
2014, Stiller should record depreciation expense on this machine of a. $19,200. b. $44,400. c. $59,200. d. $70,400.
Differentiate between global and multinational companies.
What will be an ideal response?