Accounting/Finance
The standard requires inventories to be measured at the lower of cost and net realisable value (NRV) and outlines acceptable methods of determining cost, including specific identification (in some cases), first-in first-out (FIFO) and weighted average cost.
IAS 2
Farrokh Bulsara
Freddie Mercury's Real Name
This California structure whose official color is international orange is one of the 7 Wonders of the Modern World.
The Golden Gate Bridge
a present obligation of an entity arising from past events
Liability
Jared Leto
Who is the lead singer of 30 seconds to Mars
The Hopi Indians gave this German-born man the name “The Great Relative” when he visited Arizona in the 1930s.
Albert Einstein
a resource controlled by the entity; as a result of past events; and from which future economic benefits are expected to flow to the entity.
Asset
"Video Killed the Radio Star" by The Buggles
The first music video aired on MTV
The title princess of this game, which launched a best-selling franchise, was named for F. Scott Fitzgerald’s wife.
The Legend of Zelda
Sales revenue > Cash and Debtors
Cost of goods sold expense < Stock
Operating expenses > Cash
Operating expenses < Prepaid expenses
Operating expenses > Creditors
Operating expenses > Accrued expenses payable
Depreciation expense < Fixed assets
Interest expense > Accrued expenses payable
Income tax expense > Accrued expenses payable
The relationship between the balance sheet and the P+L
Marshall Mathers
the real name of Eminem
For decades, Rolls-Royce also owned this luxury brand named for its founder; now both are produced by German companies.
Bentley
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Bryan Adams - everything i do i do it for you
Longest running number one of 16 weeks
This 1990 Tim Burton film was advertised with the line “His story will touch you, even though he can’t.”
Edward Scissorhands