1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arada [10]
2 years ago
15

Match each Item with its definition.

Business
1 answer:
Bezzdna [24]2 years ago
7 0

<u>Materiality:</u> it's a principle which states that the financial statements of a business should fully disclose all transactions that the business made.

<h3>What is GAAP?</h3>

GAAP is an abbreviation for Generally Accepted Accounting Principles and it comprises the financial accounting standards, procedures and principles that must be used by all public institutions operating in the United States of America.

Additionally, <u>GAAP</u> is the stock market regulator. Also, <u>conservatism</u> is a principle that involves exercising caution while estimating expenses or profits.

In conclusion, financial accounting standards board (FASB) is the body that established Generally Accepted Accounting Principles (GAAP).

Read more on GAAP here: brainly.com/question/16014008

#SPJ1

You might be interested in
The chief goal of human relations is to
Eddi Din [679]
73. They are called Human relations or HR because they are responsible to make sure that the employees that working on the Company they are in is find and having no difficulties. They ensure that they answer the queries and clarification of the employees and also make takes action if there are unnecessary problem or issue that is going on to every person in the company. They are also the one who provide protocols and work ethics to make sure that the company is in good conditions in terms of professionalism.
4 0
3 years ago
The check is written and signed by <br> A. Payee<br> B. Drawee <br> C. Payer <br> D. Drawer
amm1812

Answer:

The check is written and signed by a payer

Explanation:

Checks are written by payers before any disbursement could be made, this must be strictly followed to enable smooth transaction and make such checks tenable in any bank.

8 0
3 years ago
Read 2 more answers
Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operat
Deffense [45]

Answer:  c . Depreciation

Explanation:

When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.

Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.

7 0
3 years ago
Ski Master Company pays weekly salaries of $3,100 on Friday for a five-day week ending on that day. Required: Journalize the nec
balandron [24]

Solution:

3,100 / 5 = 620 per day

So the wages outstanding we need to pay still are the 3 days left in the year (the work was done so we must match the revenues and expenses)

Wages Expense = 620 * 3 = 1,860

Wages Payable......1,860

(620 * 3) to accrue wages that have not yet been paid

6 0
3 years ago
A​ company's production department was experiencing a high defect rate on the assembly​ line, which was slowing down production
Novosadov [1.4K]

Answer:

The correct answer to the following question is Unfavorable direct material cost variance .

Explanation:

Unfavorable variance can be defined as an accounting term which describes situations where the actual cost that a company would bear is more than the standard cost. This will alert a management that there will be fall in the expected profit of the company. In the given question , same situation will take place if the production manager decides to buy high grade materials which will cause more cost and thus will lead to decrease in profit.

6 0
4 years ago
Other questions:
  • ______ can be used by a manufacturing firm to generate computerized documents sent to the supply chain members to signal that pr
    5·1 answer
  • A golf course is mostly likely to be closed on what day of the week?
    9·1 answer
  • Which factor is a component of verbal communication ?
    11·1 answer
  • (Annuity payments) Prof. Finance is thinking about trading cars. She estimates she will still have to borrow ​$26,000 to pay for
    14·1 answer
  • According to​ Zane, it was difficult for him to empower his employees and not​ micromanage; however, he realized that being resp
    8·1 answer
  • All of the following statements about ABC analysis are true except
    9·1 answer
  • Which response might be an answer to a fundamental question of economics of how much should be produced ?
    11·1 answer
  • What is the manager​
    11·2 answers
  • Suppose you invest $1,600 for six years at an annual percentage rate of 9 percent. a. What is the future value if interest is co
    12·1 answer
  • Fein Company provided the following information relating to cash payments:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!