Explain the difference between a provision and other types of liabilities recognised on the statement of financial
Question:
Explain the difference between a provision and other types of liabilities recognised on the statement of financial position.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
It is often the general principle for financial statements that a...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
Students also viewed these Business questions
-
Explain the difference between a symmetric encryption algorithm and an asymmetric encryption algorithm.
-
Explain the difference between a contract that is performed illegally and an illegal contract.
-
Explain the difference between a capital (finance) lease and an operating lease. Explain how each type of lease is accounted for and the effect each has on the balance sheet and income statement.
-
Addie's grandfather has left them a trust and the value of the money they receive depends on the age choose to collect this gift of money. Their options are given in the table below. Payoff at age 19...
-
In Question 9, suppose that a subsidy of $50 is given to the home firm. (No subsidy is given to the foreign firm.) Will this subsidy change the production pattern from that of Question 9? If so, why?...
-
Use shifts and scalings to graph the given functions. Then check your work with a graphing utility. Be sure to identify an original function on which the shifts and scalings are performed. g(x) = -3x...
-
Now turn to a C4.5 decision tree model, and redo Exercises 1735. Compare the results. Which model is preferable?
-
Possible causes for price and efficiency variances You are a student preparing for a job interview with a Fortune 109 consumer products manufacturer. You are applying for a job in the Finance...
-
PROBLEM 9-9 Analyzing Relevant Costs in a Variety of Situations (L01 - CC1,4,5) Andretti Company has a single product called a Dak. The company normally produces and sells 60,000 Daks each year at a...
-
Daniel B. Butler and his spouse Freida C. Butler file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dans Social Security number is 111-11-1112, and Freidas is 123-45-6780....
-
On 1 January 2016, Mall Ltd issued $1 200 000 of 5-year, 10% debentures at 93; the debentures pay interest half-yearly on 1 July and 1 January. By 1 January 2018, the market rate of interest for...
-
Thompson Ltd issued $4 000 000, 9%, 20-year debentures at par (face) value on 1 July 2015. The debentures were dated 1 July 2015, and pay interest on 30 June and 31 December. Thompsons year-end is 30...
-
During the month of September 20-5 Oliver Stanleys credit transactions were as follows: 2 Sep Sales to E Cowan 182 4 Sep Sales to R Douglas 357 5 Sep Purchases from H Pearce 440 less 20 per cent...
-
Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined...
-
Assume now that a new firm (firm N) discovers and patents a more efficient technology, summarized by thetotal cost function C = 10q. The new technology can be used only by the new firm, which enters...
-
1. How has Dell used virtual integration to become an industry leader? Dell has used virtual integration to become an industry leader by leveraging its global suppliers to reduce costs and provide...
-
3) Consider the asset pricing model with uncertainty in the slide. We derived the asset prices as Pb = Ps = - [nu' (y+Yn + e) + (1 )u' (y + y + e)] u'(e1) [nu' (y +n + ) + (1 )u' (y + y + e2)] u'(e1)...
-
Amazon is considered a leader in managing its supply chain. Describe in detail two parts of Amazon's Supply Chain Management that you see as critical to their success. Please provide your reasoning...
-
Evaluate the following limits lim (1 x) 2.
-
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
-
Describe Celcoms solution to its problem. What management, organization, and technology issues had to be addressed by the solution?
-
How effective was this solution? How did it affect the way Celcom ran its business and its business performance?
-
How important was supply chain management for Target Canada? How did it relate to its business model? Explain your answer .
-
the internal operation rulea of cooperation are known As ?
-
"When it comes to audit sampling, both statistical and non-statistical sampling are equally effective." Defend or refute the preceding statement. (1 Mark).
-
ACC 2 0 2 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for...
Study smarter with the SolutionInn App