A US Company Has Many Foreign Subsidiaries and Wants to Convert

question 59

Multiple Choice

A U.S. company has many foreign subsidiaries and wants to convert its consolidated financial statements from U.S. GAAP to IFRS. Which of the following items is not one of the likely accounting issues to resolve for the opening IFRS balance sheet?

• A) Inventory valuation.
• B) Capitalizing development costs.
• C) Bank overdrafts that are integral to cash management.
• D) Goodwill calculation from acquisition of a subsidiary.
• E) Liability for restructuring charges.

Comprehend the role and effect of dielectric material in capacitors.

Distinguish between polarized and non-polarized capacitors and their applications.

Describe the significance of the time constant in charging and discharging capacitors.

Identify the symbols and units associated with capacitance and capacitors.