Which of the following must an entity do when preparing the IFRS opening balance sheet, except where IFRS 1 gives an exception or an exemption?a. Not recognize items as assets and liabilities if IFRS does not permit such recognition. b. Reclassify items that it recognized under previous GAAP as one type of asset, liability or component of equity that are a different type under IFRS. c. Apply IFRS in measuring all recognized assets and liabilities. d. All of the above.

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?