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2 years ago

The body of rules and procedures that guide the measurement and communication of financial accounting information is known as?

1 answer:

3 0

Generally Accepted Accounting Principles is the body of rules and procedures that guide the measurement and communication of financial accounting information.

Given that there is a body of rules and procedures that guide the measurement and communication of financial accounting information.

We are required to give the name of the body that guide the measurement and communication of financial accounting information.

The body that guide the measurement and communication of financial accounting information is Generally Accepted Accounting Principles.

Generally accepted accounting principles (GAAP) basically refer to a common set of accounting rules, standards, and procedures issued by the Financial Accounting Standards Board . Public companies in the U.S. have to follow GAAP when their accountants compile their financial statements.

Hence Generally Accepted Accounting Principles is the body of rules and procedures that guide the measurement and communication of financial accounting information.

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g Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax brac

maria [59]

Answer:

Jana just found out that she is going to receive an end-of-year bonus of $32,200. She is in the 35 percent marginal tax bracket. Calculate her income tax on this bonus.

tax liability = $32,200 x 35% = $11,270

Now assume that instead of receiving a bonus, Jana receives the $32,200 as a long-term capital gain. What will be her tax?

tax liability = $32,200 x 15% = $4,830

Which form of compensation offers Jana the best after-tax return?

if the bonus is taxed as a long term capital gain, she will páy less than half the taxes, so it is the best option for her

Would your calculation be different if the gain was short-term rather than long-term?

Short term capital gains are taxed at the same rate as ordinary income, so the difference between the bonus being a long vs short term capital gain is very significant to Jana.

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3 years ago

Based on the Management in Action case, if an employee asks Korey for time off to take care of a sick child, Korey may believe t

yaroslaw [1]

Korey's perceptual bias is the fundamental attribution.

Fundamental attribution occurs if an individual tries to explain the behavior of another person based on his/her personality, rather than based on the situation.

This type of bias is shown by Korey because he:

Thinks the employee is lazy, which is related to personality features.
He does not consider the situation or the fact the employee needs time to take care of the child, and it is not just avoiding work.

Learn more in: brainly.com/question/13044778

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3 years ago

Who is the home inspector's most important source of business leads? A. Engineering firms B. Architects C. Real estate agents D.

Nikitich [7]

This would be C. the Real Estate Agents. The engineering firms are only in charge of the construction of the home and the materials that are to be used for building it. The Architects, on the other hand, are responsible for the design of the home and the placement of the materials of the home. The lending institutions are focused more on providing the home inspector with money that he will need for a piece of property. So that leaves us with the Real Estate Agents. It is these people who deal with the sales of property which is why they are the source of business leads.

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3 years ago

Data for Divisions A, B, C, D, and E are as follows:

Law Incorporation [45]

Answer:

1. A

2. B WHICH DIVISONS IS MUST PROFITABLE IN TERM OF RACE OF TURN ON ENVRONMENT

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3 years ago

Not only do businesses see benefits from the protections of ________, consumers do as well; they allow consumers to correctly id

olasank [31]

Answer:

Not only do businesses see benefits from the protections of trademarks, consumers do as well; they allow consumers to correctly identify the products they want to purchase.

d. trademarks

Explanation:

A trademark is a symbol, word or sign that has been registered as representing a company or a product. They are majorly used by companies to identify a product specifically as belonging to that particular company. It usually has unique features that separates the product from similar products in the industry. Once a trademark has been registered, the company that has registered that particular trademark has sole right on its production and use. This means that any other company cannot use this trademark without permission from the company that registered it. It is illegal to use a registered trademark without permission from the owner.

Trademarks are very useful to the business since they are protects the owner from production of similar words, sign or symbols. It therefor avoids confusion in knowing the source owner of the product. This can be a useful tool in marketing since the consumers will use the trademark in identifying the product they want. On this note, the trademarks also allow consumers to correctly identify the products they want to purchase.

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3 years ago