subject
Business, 20.08.2021 01:20 xxtonixwilsonxx

Match the following assertions with their associated description: (a) existence/occurrence
(b) completeness
(c) rights and obligations
(d) valuation or allocation
(e) presentation and disclosure.
1. The recorded balances reflect the true underlying economic value of those liabilities.
2. Accounts payable balances include all accounts payable transactions that have taken place during the period.
3. The company actually owes a liability for the accounts payable as of the balance sheet date.
4. Accounts payable is properly classified on the balance sheet and disclosed in the notes to the financial statements.
5. Accounts payable balances exist at the balance sheet date.

ansver
Answers: 2

Another question on Business

question
Business, 23.06.2019 02:30
Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to:
Answers: 3
question
Business, 23.06.2019 10:00
Suppose you invest $2250 in a cd that earns 3% apr and is compound quarterly. the cd matures in 2 years. how much will this cd be worth at maturity
Answers: 2
question
Business, 23.06.2019 10:00
In two or three sentences describe how open market operations change the money suppy
Answers: 3
question
Business, 23.06.2019 15:30
10. problems and applications q10 a market is described by the following supply-and-demand curves: qsqs = = 2p2p qdqd = = 300â’p300â’p the equilibrium price is $ and the equilibrium quantity is . suppose the government imposes a price ceiling of $90. this price ceiling is , and the market price will be $ . the quantity supplied will be , and the quantity demanded will be . therefore, a price ceiling of $90 will result in . suppose the government imposes a price floor of $90. this price floor is , and the market price will be $ . the quantity supplied will be and the quantity demanded will be . therefore, a price floor of $90 will result in . instead of a price control, the government levies a tax on producers of $30. as a result, the new supply curve is: qsqs = = 2(pâ’30)2pâ’30 with this tax, the market price will be $ , the quantity supplied will be , and the quantity demanded will be . the passage of such tax will result in .
Answers: 1
You know the right answer?
Match the following assertions with their associated description: (a) existence/occurrence
(...
Questions
question
Mathematics, 29.01.2021 14:00
question
Mathematics, 29.01.2021 14:00
question
Mathematics, 29.01.2021 14:00
question
English, 29.01.2021 14:00
question
History, 29.01.2021 14:00
question
Mathematics, 29.01.2021 14:00
question
Biology, 29.01.2021 14:00