Business, 28.02.2020 21:32 tiarafaimealelei
The objective of financial reporting is to provide useful financial information to capital providers.
The primary decision specific qualities that make financial information useful are relevance and faithful representation.
To be relevant, information must possess predictive value and/or confirmatory value, and all material information should be included.
Completeness, neutrality, and freedom from error enhance faithful representation.
The 10 elements of financial statements are assets, liabilities, equity, investments by owners, distribution to owners, revenues, expenses, gains, losses, and comprehensive income.
Answers: 2
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 20:20
Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.
Answers: 3
Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
Business, 22.06.2019 23:30
At the save the fish nonprofit organization, jenna is responsible for authorizing outgoing payments, rob takes care of recording the payments in the organization's computerized accounting system, and shannon reconciles the organization's bank statements each month. this internal accounting control is best known as a(n) a. distribution process. b. segregation of duties c. specialized budget d. annotated financial process
Answers: 2
The objective of financial reporting is to provide useful financial information to capital providers...
Mathematics, 17.11.2020 20:30
History, 17.11.2020 20:30
Mathematics, 17.11.2020 20:30
Spanish, 17.11.2020 20:30
Biology, 17.11.2020 20:30
Mathematics, 17.11.2020 20:30
Mathematics, 17.11.2020 20:30
Physics, 17.11.2020 20:30
Business, 17.11.2020 20:30
Mathematics, 17.11.2020 20:30