Suppose France and the United States do not trade and the competitive price of an ordinary bottle of wine is 40 francs in France and $2 in the United States. The price of wheat per bushel is 40 francs in France and $6 in the United States. If prices reflect only the differences in costs of the resources to produce wine and wheat in the two countries, this information is sufficient to enable us to state that:

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

In terms of precent, beer has more alcohol than whiskey true or false

Which of the following has the largest impact on opportunity cost