Which of the following is NOT a requirement of the General Accepted Accounting Principles (GAAP) for financial statements?

a. They must be comparable.
b. They must be relevant.
c. They must be reliable.
d. They must be principled.

Answers

Answer 1

Answer:

They must be principled

Explanation:

Answer 2

GAAP must be principled is nota requirement of the General Accepted Accounting Principles (GAAP) for financial statements. Option (d) is correct.

What do you mean by Statement?

A statement, like "Pizza is tasty," is a declaration that something is true. In the fields of law, banking, and government, there are more types of statements.

The accounting standard authorized by the U.S. Securities and Exchange Commission and utilized by all U.S.-based businesses is generally accepted accounting principles 

The Accounting Standards Codification (ASC), the sole authoritative nongovernmental source of U.S. GAAP, is published and updated by the Financial Accounting Standards Board (FASB).

Beginning in 2008, the FASB made U.S. GAAP available in XBRL (Extensible Business Reporting Language).

Therefore, Option (d) is correct. They must be principled.

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Related Questions

Financial markets are intermediaries that channel the savings of individuals, businesses, and government into loans or investments.
a. true
b. false

Answers

Answer:

Financial markets mean the intermediaries that route the savings of individuals, businesses, and government toward loans or investments is true.

Explanation:

Financial markets areas allude largely to any financial market where some trading of protections occurs. There are various sorts of commercial business areas, including forex, cash, stock, and stock exchange markets.These sectors transact a wide scope of protections and remain as a basic to these smooth activities of a businessperson community.

The given statement is true.

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What can impact the competitive nature of an industry through the ability to raise prices or affect the quality of inbound goods and services:_______.a) suppliers,b) buyers,c) new entrants,d) substitute products,e) retailers.

Answers

The supplier should affect the competitive nature of the industry via the capability for increasing the prices or the quality should be impacted.

The following should not impact the nature of an industry in a competitive way:

Buyers.New entrants.Substitute products.Retailers

Therefore we can conclude that the supplier should affect the competitive nature of the industry via the capability for increasing the prices or the quality should be impacted.

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WILL GIVE BRAINLIST

A depression is a severe recession that is often accompanied
by deflation.

Otrue
O false

Answers

Answer:

true

Explanation:

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In what ways is marketing international?

Answers

Answer:

Through trading.......

Answer:

in wto we can market international

Managerial accounting is different from financial accounting in that: Multiple choice question. managerial accounting is structured and often controlled by GAAP managerial accounting is used in planning and control decisions and financial accounting is used in making investment and credit decisions managerial accounting is used by investors and financial accounting is used by managers managerial accounting is focused on the organization as a whole and financial accounting is more focused on divisions of the organization

Answers

Answer: Managerial accounting is used in planning and control decisions and financial accounting is used in making investments and credit decisions.

Explanation:

The department chain you work for has had numerous complaints about slow customer service.
Your colleague, a sales manager, informs you that this happened at a previous store she worked for,
and it was cleared up by hiring more sales representatives. Should you take her advice to solve this
problem? Why or why not? What techniques can you use in evaluating the problem?

Answers

Answer:

The advice should not be taken, as it is a rush to judgement, which could mean that the wrong solution is used, wasting time and resources. You should ask the colleague to employ critical thinking. Critical thinking is sustained suspension of judgement with an awareness of multiple perspectives and alternatives. It involves at least four elements:

•Maintaining doubt and suspending judgement

•Being aware of different perspectives

•Testing alternatives and letting experience guide

•Being aware of organizational and personal limitations

A marketing plan includes a number of factors, including the marketing mix
What is the marketing mix?
A. A plan for spending money
B. The variables of product, price, place, and promotion
C. Using names and symbols to identify the company's products
O D. How the company intends for customers to view its product
relative to the competition

Answers

Answer:

The variables of product, price, place, and promotion

Explanation:

The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place.

never start a project unless all resources are available

Answers

Agreed! This is so true tho!

Which is most likely to be a long-run adjustment for a firm that manufactures cars on an assembly-line basis

Answers

Answer:

A change in production to a redesigned and retooled facility


Goals should linger on and on-they shouldn't have an expiration date, true or false

Answers

True. If you set a goal and it has been achieved you will stop working towards it. For example if your goal is to lose weight, you motivate yourself and do what you can to reach the goal. When you have reached it, you stop working and start gaining the weight back.

वर्तमानमा युगमा मातृभाषाकाे महत्त्व विषयमा निबन्ध .......anyone Nepali please help me in this topic

Answers

Answer:

सफाई एउटा काम हैन, जो पैसा कमाउन को लागी गर्नु पर्छ, बरु, यो एक राम्रो बानी हो जुन हामीले राम्रो स्वास्थ्य र स्वस्थ जीवन को लागी अपनाउनु पर्छ। स्वच्छता सद्गुण को एक कार्य हो जुन जीवन स्तर बढाउन को लागी प्रयोग गरीन्छ

The mother tongue or the native language is an essential aspect in one’s upbringing as it shapes the way they perceive the world and the way one expresses themselves to others. Babies tend to imitate what they see or hear. Infants are fast learners as they acquire their mother tongue by imitating their parents. It is easier for children to learn languages in their growing years than in comparison to adults learning a new language.

Having a strong grip on one’s mother tongue also helps in creating a strong foundation for learning additional languages. Children are capable of learning languages other than their native tongue while they are young by transferring the different structure of a language to other languages. If a child learns the grammar of their mother tongue well, then they will be able to guess the meaning of the words in different languages easily.

Which of the following would a Transportation
Manager of a major airport NOT have to deal
with?
A. baggage claims
B. security screening
C. food court menu options
D. airplane mechanics

Answers

C because he is not transporting food options
C cause that’s the most logical answer

Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves each 8-hour shift. a. The productivity of the line is: [ Select ] b. If the productivity is increased by 10%, the productivity would be: [ Select ] c. If the production is increased to 2000 valves per shift, labor productivity will increase by: [ Select ]

Answers

a. The productivity of the line is 220 valves per hour.

b. The labor productivity will be increased by 25%.

a. The productivity of the line is

= Number of valves produced ÷ number of hours × increased percentage

= 1,600 valves ÷ 8 hours × 1.10

= 220 valves per hour

b. The labor productivity will be increased by

= Increase in production ÷  Number of valves produced

= 2,000 ÷ 1600

= 1.25

So, the labor productivity will be increased by 25%.

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Which sources would likely be a good starting point when beginning research on a topic that you do not know well?

Answers

Reference sources are helpful when you are just beginning to learn about a topic and need general information. Examples of these include dictionaries and encyclopedias.

When you are just starting to study about a subject and require general information, reference materials might be helpful. Encyclopedias and dictionaries are a couple of examples of them.

What is an Encyclopedia?

An encyclopedia is a work of reference or a compendium that offers summaries of information that is generic or unique to a certain topic or discipline. Encyclopedias are broken up into sections called articles or entries that are listed in alphabetical order by the article's title or by subject categories, or else are hyperlinked and searchable by random access. In comparison to most dictionaries, encyclopedia entries are lengthier and more in-depth. Generally speaking, encyclopedia entries concentrate on linguistic information about words, such as their etymology, meaning, pronunciation, use, and grammatical forms, as opposed to dictionary entries, which concentrate on factual information about the subject specified in the entry's title.

In the 18th century, the dictionary served as the foundation for the modern encyclopedia. Both encyclopedias and dictionaries have historically been researched and published by educated, knowledgeable content experts, yet they differ greatly in format.

What is a dictionary?

A dictionary is a list of words and their definitions in alphabetical order. Dictionary assist users in looking up meanings to gain a deeper comprehension of a word as well as a broader comprehension of a language or subject. Although there are hundreds of free online dictionaries available, many computers do not come with an electronic dictionary. A dictionary essentially has a list of terms together with information on each one. The list might make an effort to be an exhaustive inventory of a language or it might merely cover a tiny portion of it. A glossary is a common name for a brief list that occasionally appears at the end of a book. A concordance is a word list that serves as an index to a small body of work and includes references to each passage. Theoretically, a good dictionary may be created by compiling numerous concordances into a single list. A gazetteer is a word list that exclusively contains geographical names.


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Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________ price and sell a ________ quantity. Group of answer choices higher; smaller lower; smaller higher; larger lower; larger none of these options is correct.

Answers

Answer:

Will charge a higher price

Dell a smaller higher

lack hshshahababahjjss

Answers

Answer:

wjwksjsbdjdhdhsjdns

Explanation:

Human resources development is important because it is an investment in one's employees that will ultimately result in a stronger and more effectiv

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amksusshhvsu

Isnsowjwnwoowisndisnejne

Mary and Hanna, who are Tennessee residents, were traveling through Mississippi when they were involved in an automobile accident with Franco, who is a resident of Mississippi. Franco sues Mary, who was driving the car, in federal court in Mississippi and asks for $100,000 to reimburse him for his medical bills and lost wages. In deciding the case, what law will the federal district judge apply

Answers

The federal district judge will apply the state law while deciding the case.

State law refers to the separate law that each state has to be used or followed by the particular state. This means that one state's laws can differ from another state's laws, which is why each state makes laws of its own.

In the United States, it is normal that each state has its own laws. Such laws may be found in the traffic rules, license requirements, or vehicle numbers. These laws may affect the everyday aspect of their lives. In the given case of Mary and Hanna's accident in the state of Mississippi, the federal district judge will apply the state law to decide the case. Though the duo is from Tennessee, their accident occurred in Mississippi. So, the judge will refer to the state law of Mississippi to deal with the car incident case.

State laws give easier methods or processes to deal with accidents that may occur in a specific state. And in that regard, the state laws will be applicable for dealing with car accident cases, like in the case of Mary and Hanna.

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List 2 advantages and 2 disadvantages of budgeting.

Answers

Two advantages of budgeting;

i. Manage your money effectively.

ii. Monitor performance.

Two disadvantages of budgeting;

i. Time required.

ii. Gaming the system.

iii. Blame of outcomes.

Synthesizing Information As you read, complete the sentence below. If the government lowers taxes in a market economy, benefits for individuals and businesses will __________.​

Answers

Answer:

increase.

Explanation:

The higher the demand the higher the supply. So if taxes are lowered individual will not have to spend more to buy less and business will not have to add more profits on goods inother to gain their estimated annual profit. Therefore, prices of goods and services become less and individuals gets more purchasing power to buy more. This becomes a win-win solution.

On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,110 in assets to launch the business. On December 31, the company’s records show the following items and amounts.


Cash $ 14,550 Cash withdrawals by owner $ 1,120
Accounts receivable 12,940 Consulting revenue 12,940
Office supplies 2,400 Rent expense 2,640
Land 45,860 Salaries expense 5,920
Office equipment 17,020 Telephone expense 800
Accounts payable 7,820 Miscellaneous expenses 620
Owner investments 83,110

Answers

The preparation of the stockholder equity is presented below:

Statement of stockholder equity

J.Ernst, Capital, December 1  $ 0

Add: Investment by owner  $83,100

Add: Net Income  $2,960

Less: Withdrawals by owner  ($1,120)

J.Ernst, Capital, December 31  $84,940

Working note:

The preparation of the income statement is presented below:

Income Statement

Consulting revenue  $12,940

Less:

Rent expense  $2,640

Salaries expense  $5,920

Telephone expense  $800

Miscellaneous expenses  $620

Total expenses  ($9,980)

Net Income  $2,960

Therefore we can conclude that the ending balance of the stockholder equity is $84,940

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What is the impact of all the different emirates coming
together in order to resolve conflict and engage in
deliberations at the meeting of the Federal Supreme
Council?

Answers

Answer:

The Federal supreme council is the highest constitutional authority in the United Arab Emirates, being the highest legislative and executive body.[1] It establishes general policies and sanctions federal legislation. It is the First Federal Authority in terms of ranking in the hierarchy of the Five Federal Authorities prescribed in the Constitution: Federal Supreme Council, Federal President and Federal Vice President, Federal Cabinet, Federal National Council, Federal Judiciary.

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Which of the following refers to analyzing what customers think of your brand?
Question 3 options:

Brand audit

Brand equity

Brand positioning

Brand survey

Answers

Answer:

The customers think Brand survey.

Answer:

The correct response is brand positioning.

Explanation:

During Brand positioning, you are going directly to your customer and asking their opinions. Doing so is analyzing what they think. "Think about conducting a simple “brand audit” at least once a year. This means looking at how your product or service is marketed and branded (your marketing messages, etc.), analyzing your brand positioning (i.e., asking customers what they think of your brand), and then comparing the two (your branding efforts vs. customer perceptions) to see how well the two connect."

Answer the question on the basis of the following information. Assume that if the interest rate that businesses must pay to borrow funds were 20 percent, it would be unprofitable for businesses to invest in new machinery and equipment, so Investment would be zero. But if the Interest rate were 16 percent, businesses would find it profitable to invest $10 billion. If the Interest rate were 12 percent, $20 billion would be invested. Assume that total investment continues to increase by $10 billion for each successive 4 percentage point decline in the interest rate. Refer to the Information. Which of the following correctly expresses the indicated relationship as an equation?
a) 1-20 - 10
b) 120-4L
c) 1-20 - 41
d) 1-24 - 41

Answers

If a business intends to invest by borrowing funds it will have to pay interest on the borrowed amount.

If the interest rate is 20% or above the investment will not make any profits therefore the borrowing rate should be below 20%.

At the rate of 16% company is able to generate profits by an investment of $10bn. It he borrowing rate further declines to 12% the company can invest $20bn.

If the rates decline by 4 percentage points the company can invest further $10bn.

The correct expression equation will be i = 20 - 4L

The correct answer is b.

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High tax rates that put money into the government's funds
tend to slow spending, and ultimately slow the economy.
O true
O false

Answers

Answer:

true

Explanation:

trust me I studied economics

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MSA products Inc pays its salesperson 6% commission on all sales and 3.5 % more sales on all monthly sales over $40,000. in august Giselle Campagna sold $56,000 worth of goods for MSA. What was her commission for august

Answers

Answer:

The commission for august month is [tex]\$5,320[/tex]

Explanation:

Given

6% commission on all sales and 3.5 % more sales on all monthly sales over [tex]\$40,000.[/tex]

In august Giselle Campagna sold [tex]\$56,000[/tex]

Commission on sales [tex]=6\%+3.5\%[/tex]

[tex]=9.5\%[/tex]

Commission for august month [tex]=56,000\times9.5\%[/tex]

[tex]=56,000\times\frac{9.5}{100}[/tex]

[tex]=5,320[/tex]

The commission for august month is [tex]\$5,320[/tex]

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All-Star Automotive Company experienced the following accounting events during Year 3: Performed services for $25,000 cash. Purchased land for $6,000 cash. Hired an accountant to keep the books. Received $50,000 cash from the issue of common stock. Borrowed $5,000 cash from State Bank. Paid $14,000 cash for salary expense. Sold land for $9,000 cash. Paid $10,000 cash on the loan from State Bank. Paid $2,800 cash for utilities expense. Paid a cash dividend of $5,000 to the stockholders. Required a. Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $9,000.

Answers

Answer:

The statement of cash flow results the ending balance of cash from operating activtity, investing activity, and financing activity is $60,200.

Explanation:

The statement of cash flow is prepared as follows:

When the auditors obtain an understanding of internal control for the financing cycle documentation will frequently include a written description as well as a(n):________.
A. List of audit objectives.
B. Decision table.
C. Summary of tests of controls.
D. Internal control questionnaire.

Answers

The answer is D.Internal control questionnaire. Hope this helps.

Do you have studies for Econ 2301 Principles of Macroeconomics ?

Answers

An analysis of the economy as a whole including measurement and determination of Aggregate Demand and Aggregate Supply, national income, inflation, and unemployment. Other topics include international trade, economic growth, business cycles, and fiscal policy and monetary policy.

Supervisors can more easily manage employees' motivation than they can their ability or the environment.
a. true
b. false

Answers

The statement is False.

Cheers!

The given statement is false.

Who are supervisors?

A lower-level management position that is primarily centered on power over employees or the workplace is known as a supervisor, or lead. A professor who supervises a Ph.D. dissertation is an example of one of the most senior members of staff who can serve as a supervisor.

The supervisor's overall role exists to communicate organizational needs, oversee employees' interpretation, furnish guidance, and support, determine development needs, and manage the reciprocal relationship between staff and the association so that each exists successfully.

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If Kevin purchased 175 candles at $3 each and sold 90 candles for $7 each, which of the following is his cost of goods sold?

a. $525
b. $735
c. $630
d. $270

Answers

The answer would be c because 90•7 is 630

The$270 of the following is his cost of goods sold. Thus option (D) is correct.

What are the goods?

The term goods are products and resources that satisfy people's needs and wants. A good can be a natural science object, a provided service, or some accumulation of the two. Just about anything is good if it supplies some kind of benefit to consumers.

cost of goods sold number of candles.

= sold X purchase cost per candle

90X3

⇒ $270

The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the goods are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution.

Therefore, The following $270 represents his cost of goods sold. The correct answer is (D), thus.

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Other Questions
distance traveled by a runner. Use the tableto find the constant of proportionality.Distance (mi) 4.55 13.65 22.75 31.85Time (h)0.51.52.53.5 Megan can run 6 miles in 1 1/3 hours. Express her rate in miles per hour. g(x,y)={mod((x),2)>0,-1}answer might be incomplete only other numbers i know to this question is -6, -6 please dont answer random words factor. (help plz!)x^2+7x+10 How many repeating digits are in the smallest group of repeating digits in the decimal equivalent of the fraction shown?745/999 A verbal expression for 6-4y Please helppppp.Which of the following relationships are likely to represent a function? Select all that apply. A. Input: Unique student ID number, Output: Number of years a student has been enrolled at a university B. Input: Number of years a student has been enrolled at a university, Output: Unique student ID numberC. Input: student first name, output: student favorite color D. Output: student first name, input: student favorite color E. Input: Month of 2019, output: average profit of a local restaurant help asap!! super easy In triangle ABC, angle A is twice the size of angle B. Angle C measures 20 less than angle A. What are the angle measurements of A, B, and C Which of the following is a perfect square?A. 32B. 64C. 18D. 45 10) Choose the best answer. Which of these sentences has an intransitive verb?Paul returned the tools, today.Stephanie found it later. Romy never swam in the ocean. I lost my cell phone at the park. Find the sales tax and total cost of a Sony Playstation that costs $151.99. The tax rate is 4%. Round your answer to the nearest cent. 1. If a new breakthrough in manufacturing technology reduces the cost of producing Blu-ray players by half, what will happen to each of the following: Supply of Blu-ray players Demand for Blu-ray players; and demand for Blu-rays Equilibrium price and quantity of Blu-ray players elephant is to trunk as pig is to_____________snout tail oink Pick the correct answer 5.346 - 2.289 = ? SHOW WORK WILL GIVE BRAINLIEST PLEASE why was Brahe reluctant to provide Kepler with all his data at one time the difference between a number f and 2 what are the example of religious tolerance Summarize What legacy did Charlemagne leave to future Europeans?Reference details from the text to support your answer. Can anybody teach me how to solve this pls