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Tag: SAR

A company abandons the historical cost principle and adopts the LCNRV method of valuing inventory. Explain the process of LCNRV.

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Accounting Assignment Question(s): (Marks 15) Q1. A company abandons the historical cost principle and adopts the LCNRV method of valuing inventory. Explain the process of LCNRV (Mark 1) Abdullah Corporation gives you the following information about its inventory for four different products as on December 31st2020. Estimated Expected Product Original Cost Completion Cost Selling Price […]

What are the advantages and disadvantages of the pegged exchange rate?

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International Economics While Saudi Arabia seeks to diversify its economy, the Saudi economy is dominated by the petroleum sector. In addition, the Saudi Arabian Riyal (SAR) is pegged to the U.S. Dollar. For this week’s discussion, please answer the following questions: What are the advantages and disadvantages of the pegged exchange rate? Highlighted your answer […]

How would you deal with that inconvenience and re-negotiate the contract, noting that you are keen on maintaining the business with that European counterpart ?

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Business Contract Re-Negotiation Strategies for Value Creation Assessment Assignment 2 Your company is in the export/import business. Two years ago, you signed a contract with your European counterpart, where the Euro to SAR exchange rate was 1 Euro = 4.00 SAR. Now, the exchange rate is 1 Euro = 4.50 SAR As you are the […]

What is the gain or loss on the disposed asset and whether gains or losses taken into consideration when determining tax base?

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Accounting Q1. Explain the tax treatment for the following transactions under article (9) of the income tax law 🙁 7.5 marks) Tax payer has personal asset valued at SAR 100,000 a cost base of SAR 80,000. Earning gains of SAR 20,000. What is the gain or loss on the disposed asset? .Tax payer has an […]

Calculate the activity-based overhead rates for these three cost pools.

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Accounting Question Consider the following information for Hamburg Corporation: Items Units Beginning inventory 85,000 Units started during the year 155,000 Ending inventory 61,000 Inventory is 100% complete as to materials and 60% complete as to conversion. Items Materials Conversion Beginning costs (SAR) 425,000 686,000 Costs added during the period (SAR) 1,255,000 980,000 Using the WEIGHTED […]

Discuss about SAR, SAR is the Saudi railway company if it s company which was founded in 2006 by the Public Investments Fund (PIF) as a closed joint stuck owned 100% by PIF, it owns all the railway infrastructure on the kingdom, and after several months an old government body which is one of the oldest trains in the kingdoms SRO will be merged within SAR.

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A brief story about SAR, SAR is the Saudi railway company if it s company which was founded in 2006 by the Public Investments Fund (PIF) as a closed joint stuck owned 100% by PIF, it owns all the railway infrastructure on the kingdom, and after several months an old government body which is one […]

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