Icarus inc. manufactures fighter planes for the government. it made a strategic decision to outsource the production of wings and turbines to another firm for the purpose of reducing production cost and development time by two years. however, the outsourcing provider developed the planes' wings and turbines using low-grade material, which led to icarus inc. losing its contract with the government. the loss of time and revenue was non-amendable and the company was closed down eventually. which of the following issues associated with outsourcing best describes the cause of icarus inc. shutting down?
a. security breachesb. legal issuesc. quality problemsd. employee morale

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.

Which feature is a characteristic of a corporation?

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.