Business, 03.12.2019 02:31 ashleyprescot05
In some circumstances, enterprise funds are permitted to report capital assets using the modified approach. what is one reason why the gasb permits this method versus simple depreciation accounting required by the fasb for businesses?
a. businesses must answer to stockholders; governments do not sell shares of stock
b. governments are expected to exist in perpetuity, unlike businesses, which may be sold or simply close
c. it would not be possible for businesses to meet the record-keeping requirements of the modified approach
d. businesses do not invest in infrastructure assets
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Increases in output and increases in the inflation rate have been linked to
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Business, 22.06.2019 20:20
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
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Business, 22.06.2019 22:00
Retail industry fundamentals credential exam,part 1 all answers
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As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.
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In some circumstances, enterprise funds are permitted to report capital assets using the modified ap...
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