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Problem 1: If an inventory is transferred to investment property that is to be carried at fair value, the remeasurement to fair value is
a. Included in equity
b. Included in profit or loss
c. Accounted for as revaluation of inventory
d. Included in retained earnings
Problem 2: If the entity uses part of a building for their own use and rents the remainder, how should this be treated?
a. All under PAS 16 - property, plant and equipment
b. It will depend on the discretion of the company
c. Account for separately under PAS 40 - investment property and PAS 16 - property, plant and equipment
d. All as investment property under PAS 40 - investment property
Three months later the stock is selling for $60 (instead of $40). What is your dollar loss? What is your dollar profit? What is your ROI?
Write a report to your manager advising the advantages and disadvantages of simulation models
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At December 31, 2020, the board of directors wants to distribute $125,000 in dividends. How much will the preferred shareholders receive
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