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Anastaziya [24]
1 year ago
12

The management approach to the definition of segments for financial reporting expects a company to: I. Report disaggregated info

rmation on the same organizational basis as used by the company's internal decision makers. II. Report disaggregated information for at least ten segments.
Business
1 answer:
erastova [34]1 year ago
3 0

The correct answer is: I. Report disaggregated information on the same organizational basis used by the company's internal decision makers.

<h3 /><h3>What are segments in reports?</h3>

They are the financial reports of all departments of an organization, which in publicly traded companies are legally required to be expressed in the financial statements, for greater reliability of information and security for stakeholders.

Therefore, segment reports are a way for a company to express its reliability in the market, in addition to being a tool to aid in decision making.

Find out more about segment reports here:

brainly.com/question/7181203

#SPJ1

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When a liability is first recorded, it is _____. reported as a current liability. reported as a long-term liability. measured in
bekas [8.4K]

Answer:

measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.

Explanation:

According to my research on financial accounting terms, the term liability is defined as the state of being legally responsible for something (dept such as auto or student loans). When a liability is first recorded it is measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. Basically calculating the amount of future payments that need to be made by the dept owner.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
For the year ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employ
Mrac [35]

Answer:

Lopezâs bonus expense is computed as $40,777. Therefore,

The Journal entries are as follows:

(i) On December 31,

Employee bonus expense A/c    Dr. $40,777

To Bonds payable A/c                                       $40,777

(To record the bonus due)

(ii) On January 19,

Bonds payable A/c     Dr. $40,777

To Cash A/c                                     $40,777

(To record the payment of the bonus to employees.)

4 0
2 years ago
Faith Cassen has recently been hired as the manager of Gibraltar Coffee Shop. Gibraltar Coffee Shop is a national chain of franc
IrinaK [193]

Answer:

a.       I Disagree with Faith's method of handling this situation because she has not followed the internal control principle of safeguarding of assets. Stealing is a serious issue. An employee who can justify taking a box of tea bags can probably justify “borrowing” cash from the cash register.

b.      I Agree with Faith's method of handling this situation because Faith has followed the internal control principle of assignment of responsibility by making one employee responsible for the cash drawer and followed the internal control principle of segregation of duties (preparing the orders) from the accounting (taking orders and payments).

c.       I disagree with Faith's method of handling this situation because Faith has not followed the internal control principle of segregation of duties. It is true that faith has made one employee responsible however after cash counting another employee or Faith himself remove the cash register tape and compare the balance with cash drawer for effective internal control. Also, Faith’s standard of no mistakes may encourage the cashiers to overcharge a few customers in order to cover any possible shortages in the cash drawer.

6 0
3 years ago
What is economic growth
goblinko [34]
Hey there!

(economic) growth is when the country or the city is more wealthy in money. This would mean that there are not lacking in making this city or ect, look good, they have food to eat, water, and this is what make a economic city place look good. It is also when places have money to use on other thing's as a skating rink or things of that case.
3 0
3 years ago
Read 2 more answers
6. The EPA has a green building benchmark program in which buildings submit energy data about their building to see where they s
Komok [63]

Answer:

Energy Star Portfolio Manager

Explanation:

The Energy Star Portfolio Manager is available online and there you can check and compare how "green" a building or group of building is compared to others. Several environmentally issues are measured by this program, e.g. energy or water consumption, waste disposal, etc.  

8 0
3 years ago
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