The enhancing qualitative characteristic of understandability means that information should be understood by: Multiple Choice Those who have a reasonable understanding of business and economic activities. CPAs. Financial analysts. Those who are experts in the interpretation of financial information.

Which feature is a characteristic of a corporation?

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?