Answer:
The misstatement is immaterial in the overall context of the financial statements.
Explanation:
An immaterial misstatement is an omission that has not been treated correctly but is not significant enough to negatively influence the use of the financial statements or the decisions made by those using them. This immaterial misstatements do not represent fraud or intentional wrongdoing.
Answer:
2. A supply chain is broader than marketing channel
Explanation:
A supply chain involves the process from getting raw materials, to producing the finished goods, to delivering the goods to the final customer.
A marketing channel deals specifically with the distribution of finished goods and services to specific times of customer, through particular means.
As can be seen from the definitions, a supply chain is broader than a makerting channel, because it involves other actions besides the distribution to the final customer (more specifically the previous ones: getting the raw materials, and transforming those raw materials into finished goods).
Answer:
A. True
Explanation:
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
The salvage value is not considered when using Modified Accelerated Cost Recovery System (MACRS) depreciation methods.
In the first account he would have 30,000 and the other account would have <span>13,333.33 for each rate</span>
