select whether in your opinion the statement is : True,False or of unclear veracify. Justify& explain the reasoning for your opinion. Please outline the relevant international accounting regulations on those issues in your answer.
In IAS 8 the procedures for a change in accounting estimate involve restating the prior year figures, whilst a change in accounting policy does not. An example of a change in accounting estimate is switching the method of depreciation.
According to IAS 8, change in accounting policy requires restatement of prior year figures.
Change in accounting estimates shall be recognised prospectively.
So the given statement is FALSE.
An example of change in accounting policy is change in method of depreciation and change in method of accounting estimate is changing useful life or residual value of an asset.
So the given statement in question is FALSE.
select whether in your opinion the statement is : True,False or of unclear veracify. Justify& explain...
Class Date True or False Decide whether each statement is true or false. In the space at the left, write T for true or F for false. On the lines provided, rewrite the false statements to make them true. 21. The medical director is in charge of the physician assistants and nurse practitioners. 22. Since medical assistants work closely with the licensed practitioner, it is appropriate to ask the practitioner for time off from work 23. It is not anticipated...
5.35 Practical vs. statistical significance. Determine whether the following statement is true or false, and explain your reasoning: "With large sample sizes, even small differences between the null value and the observed point estimate can be statistically significant."
Determine whether the following statement is true or false. Justify your answer. Let a and b be real numbers. The following system of equations can have exactly two solutions. 2x+7y=9 3x-4y=b
Need answer in 150-200 words.Indicate whether each statement below is true or false, and justify your answer Entry deterrence and entry accommodation call for the same strategywhen the firms’ actions (e.g. setting price or setting quantity) are strategic substitutesand for opposing strategies when the firms’ actions are strategic complements.
6. (15) Determine whether each statement is true or false. Justify your answers. (a) if f(n) = O(g(n)), then g(n) = O(f(n)). (b) if f(n) = O(g(n)), then g(n) = Ω(f(n)). (c) if f(n) = Θ(g(n)), then g(n) = Θ(f(n)).
For the following statement, identify whether it is True or False and briefly explain your reasoning. You have recently graduated from college and decide to open your own business. You conduct some market research and determine that the demand curve for your firm is as illustrated by the graph below. Based on your market research, your individual firm would be considered a price taker in this market. (2 points) Price (5 per unit) 110 -- -- eman 1 2 3...
EHealth Economics question. Please help me. Indicate whether the statement is true or false, and justify your answer (1) A risk-averse individual prefers a certain outcome to an uncertain outcome with the same expected income (2) Insurance represents a transfer of wealth from healthy states to sick states (3) When insurance is fair, in a sense, it is also free.
Decide whether each statement is true or false and explain your reasoning. Give a counter-example for false statements. The matrices A and B are n x n. a. The equation Ax b must have at least one solution for all b e R". b. IfAx-0 has only the trivial solution, then A is row equivalent to the n x p, identity matrix. c. If A is invertible, then the columns of A-1 are linearly independent. d. If A is invertible,...
Determine whether the statement is TRUE or FALSE. You are NOT required to justify your answers. (a) Suppose both f and g are continuous on (a, b) with f > 9. If Sf()dx = Sº g(x)dx, then f(x) = g(x) for all 3 € [a, b]. (b) If f is an infinitely differentiable function on R with f(n)(0) = 0 for all n = 0,1,2,..., then f(x) = 0 for all I ER. (c) f is improperly integrable on (a,...
2. (18 points) State whether each of the following statement is TRUE OR FALSE, and then briefly explain your answers (the explanation is what counts). 2.1. If the Fed lowers discount rate, it will shift LM curve to the right because it increases money demand. 2.2. When an economy is in the liquidity trap, neither monetary policy nor fiscal policy is effective in getting the economy out of recession. 2.3. Money demand is related to the functions performed by money....