Answer Posted / debashis
IT MAY NOT BE LIBOUR. AS FAR AS I KNOW IT MAY BE LIBOR.
WHICH MEANS LONDON INTERBANK OFFERED RATE.
IT A DAILY REFERENCE RATE ON THE BASIS OF INTEREST RATE AT
WHICH BANK OFFER TO LEND TO UNSECURED FUNDS.
| Is This Answer Correct ? | 45 Yes | 6 No |
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Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Short Answer on ___________fluctuating capital
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