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Ksju [112]
2 years ago
7

Principle states that inventory costs are expensed as cost of goods sold when inventory is sold

Business
1 answer:
bogdanovich [222]2 years ago
3 0

Answer:

The expense states that inventory costs are expensed as the cost of goods sold when inventory is sold.

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Risk acceptance defines the quantity and nature of risk that organizations are willing to accept as they evaluate the trade-offs
NNADVOKAT [17]

Answer:

Tolerance

Explanation:

Risk tolerance: It is defined as level of risk that an organization is willing to take for completing any specific task. Evaluating the risk in the trade off between perfect security and unlimited accessibility as risk of security breach is still there instead of perfect security as there is unlimited accessibility, however, how much risk can be tolerated or accepted need to be evaluated and can be mitigated.

There are different technique been used to minimize the risk factors are:

  • Avoidance.
  • Reduction.
  • Sharing.
  • Retention.
5 0
3 years ago
What is capital? in your own words. economics.​
Bezzdna [24]

Answer:

In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business. ... In classical economics, capital is one of the four factors of production. The others are land, labor and organization

4 0
2 years ago
I dont know how to turn 4x+4 into factored form
Mariulka [41]
4(x + 1)
Hope I helped!
Let me know if you need anything else!
~ Zoe
4 0
3 years ago
Choose the option that correctly completes the statement: ""A change in depreciation method is considered a _________ and theref
Archy [21]

Answer:

Option B Change in accounting principle; retrospectively; required.

Explanation:

The reason is that the change is policies are considered in the international accounting standard IAS-8 Accounting policies, estimates and correction of errors. The standard says that the change in depreciation method is considered as a change in accounting policy which must be treated as retrospectively which means that the adjustments must be made to all the previous years using the same depreciation and must reflect the change in Changes in Wquity statement. This change in accounting policy as per the requirement s of the standard, must be disclosed in the notes to financial statements. Furthermore the changes in equity must only be opted if it increases the truth and fairness of the financial statement.

8 0
3 years ago
Having a savings account can contribute to a person’s overall financial well-being. Which one of the following is NOT a benefit
quester [9]

Answer:

C. Having a savings account gives individuals the ability to borrow money from members in the community

Explanation:

Maintaining a savings account can be a fall-back position in the event of a financial emergency. Also, funds saved can be invested to generate more returns and enable an individual to fulfill life long dreams. However, having a savings account does not give individuals the ability to borrow money from members in the community. Therefore, options A, B and D are correct while option C is incorrect.

5 0
3 years ago
Read 2 more answers
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