subject
Business, 01.10.2019 01:30 sylaspotter707

Identify the accounting concept that describes each situation below. do not use any concept more than once. (a) is the rationale for why plant assets are not reported at liquidation value. (do not use the historical cost principle.) (b) indicates that personal and business recordkeeping should be separately maintained. (c) ensures that all relevant financial information is reported. (d) assumes that the dollar is the ""measuring stick"" used to report on financial performance. (e) requires that accounting standards be followed for all items of significant size. (f) separates financial information into time periods for reporting purposes. (g) requires recognition of expenses in the same period as related revenues. (h) indicates that fair value changes subsequent to purchase are not recorded in the accounts.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 08:30
In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (
Answers: 3
question
Business, 22.06.2019 09:30
Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?
Answers: 1
question
Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
question
Business, 22.06.2019 22:40
Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.
Answers: 3
You know the right answer?
Identify the accounting concept that describes each situation below. do not use any concept more tha...
Questions
question
English, 27.05.2021 02:20
question
Mathematics, 27.05.2021 02:20