All of the following statements regarding accounting treatments for liabilities under u. s. gaap and ifrs are true except: . accounting for bonds and notes under u. s. gaap and ifrs is similar. b. both u. s. gaap and ifrs require companies to distinguish between operating leases and capital leases. c. the criteria for identifying a lease as a capital lease are more general under ifrs. d. both u. s. gaap and ifrs require companies to record costs of retirement benefits as employees work and earn them. e. use of the fair value option to account for bonds and notes is not acceptable under u. s. gaap or ifrs.

Fern corporation manufacturers a single product that has a selling price of $20.00 per unit. fixed expenses total $48,000 per year, and the company must sell 6,000 units to break even. if the company has a target profit of $14,000, sales in units must be:

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.