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The disclosures that are required by a particular GAAP known as ???? ??? ????????

Accounting Aug 14, 2020

The disclosures that are required by a particular GAAP known as ???? ??? ???????? .a. Voluntary Disclosures O .b. Mandatory Disclosures .c. Suggested Disclosures O .d. Required Disclosures
The disclosures that are required by a particular GAAP known as: Select one: O a. Voluntary Disclosures. O b. Mandatory Disclosures. O c. Suggested Disclosures. O d. Required Disclosures.
The exchanges rate in effect at the time the assets, liabilities, and equities were first recognized in the foreign entity's accounting records is: Select one: O a. Current rate. O b. Average rate. O c. Simple rate. O d. Historical rate.
Department L & M of MNC enter into the following internal sale, Department L produces product N, Department M purchases a quantity of N Product, 1,000 were units were transferred, the minimum limit of transfer pricing computed as $25 and Internal Cost Savings $ 8, the maximum limit of transfer pricing is: Select one: O a. $17. O b. $33. O c. $167 O d. $200

Expert Solution

1.
Answer is d. Required Disclosures

2.
Answer is d. Historical Rate

3.
Answer is b. $33 i.e. $25+8

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