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musickatia [10]
2 years ago
14

How would a company report a change in an accounting principle made on the last day of the third quarter?

Business
1 answer:
aniked [119]2 years ago
8 0

If a company changes an accounting principle on the last day of the 3rd quarter they need to apply a retrospective application to all pre-change interim periods reported.

<h3><u>What is accounting?</u></h3>
  • Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
  • A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period.
  • One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.

Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

Know more about accounting with the help of the given link:

brainly.com/question/13310721

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If a given investor believes that a stock’s expected return exceeds its required return, then the investor most likely believes
Alekssandra [29.7K]

Answer:

d

Explanation:

The answer is d because if the investor is expecting the returns to be higher than his required return this means that the stock is under-valued i.e. it is available at a price lower than its actual worth considering the pay-off expected in the future.  Therefore the stock is worth buying now.

4 0
3 years ago
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have
tatyana61 [14]

Answer:

a.borrowers gain at the expense of lenders.

Explanation:

Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, then borrowers gain at the expense of lenders.

As inflation increases, two things happen

1. The amount of interest paid to lenders technically becomes of smaller value and lenders are loosing while borrowers are paying lesser

2. As inflation sets in, wages are increased to compensate for inflation and since the borrower already owed money before the inflation occurred, now he or she has more money in his or her paycheck to pay off the debt.

8 0
4 years ago
​Bob's Bicycle Sales and Repair is a brand new company. From a marketing​ standpoint, what is the FIRST thing​ Bob's Bicycle Sal
Goryan [66]

Answer:

Explained below.

Explanation:

Bob's Bicycle Sales and Repair is a brand new company. From a marketing standpoint, it is the FIRST thing Bob's Bicycle Sales and Repair needs to determine who in the community wants or needs a bicycle or repair service. This determination will help him to make a decision from a standpoint of the market as marketing is described as the principles and method of distinguishing the requirements as well as wants including leveraging distribution of assets and assistance in a contentious society.

3 0
4 years ago
the following payoff matrix is for two players, each with two strategies: what is player 2's dominant strategy in this game? alw
barxatty [35]

Player 2 does not have a dominant strategy in this game.

What is dominant?
To be dominant is to exercise power. One male wolf in a pack engages in combat with the others, prevails, and rises to the position of leader. Dominus, which means "lord or master" in Latin, is where the word dominant originates. This is one of many names for God that you may be familiar with if you attended a Latin mass as a child. If you treat others as though you are their master, you are dominant. The word dominant can also be used to describe something frequent as well as typical. For instance, making calls was the primary function of cell phones when they first became available. Some people hardly ever make calls on their cell phones because they can do so much more now.

A dominant strategy is one that provides the best outcome regardless of what strategies the other player chooses. In this game, if Player 1 cooperates, then Player 2's best strategy is to also cooperate. However, if Player 1 cheats, then Player 2's best strategy is to cheat. Therefore, Player 2 does not have a dominant strategy because the best strategy depends on what Player 1 does.


To learn more about dominant
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8 0
1 year ago
2.) the theory that<br> behavior is<br> determined by<br> needs? <br><br> What is the word ?
Natali5045456 [20]

Answer:

Self-determination theory

Explanation:

3 0
3 years ago
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