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, 22.06.2019 09:30
The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)
Answers: 3
question
Business, 22.06.2019 11:30
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?
Answers: 1
question
Business, 22.06.2019 13:00
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
Answers: 1
question
Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
You know the right answer?
Match the following assertions with their associated description: (a) existence/occurrence
(...
Questions
question
Mathematics, 19.11.2020 18:00
question
Health, 19.11.2020 18:10