Business, 16.09.2019 19:30 ivethzurita0425

(a)belief that a company will remain in business for the foreseeable future. (note: do not use the historical cost principle.)
(b) select the accounting assumption or principle indicates that personal and business recordkeeping should be separately maintained.
(c) select the accounting assumption or principle only those things that can be expressed in money are included in the accounting records.
(d) select the accounting assumption or principle separates financial information into time periods for reporting purposes.
(e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available.
(f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:20

20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units

Answers: 1

Answer

Business, 22.06.2019 09:40

You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Answers: 3

Answer

Business, 22.06.2019 11:30

Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task

Answers: 1

Answer

Business, 22.06.2019 11:50

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Answers: 2

Answer

You know the right answer?

(a)belief that a company will remain in business for the foreseeable future. (note: do not use the...

Questions