IFRS requires a company to fully expense any prior service cost in the year of the plan amendment, but US GAAP has the prior service costs reported in OCI to be amortized over time. If you were a company considering a plan amendment which would generate prior service costs, which method would you prefer and why

Match each feature with the savings account type

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?