1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DIA [1.3K]
2 years ago
7

Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.

Business
1 answer:
Snowcat [4.5K]2 years ago
8 0

Companies must follow generally accepted accounting principles (gaap) for  international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>
  • The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
  • The International Accounting Standards Board created and maintains them (IASB).
  • The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
  • More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
  • International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.

To view more about GAAP refer to:

brainly.com/question/14957399

#SPJ4

You might be interested in
The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. you decide to have a burger
Liula [17]

The correct option is your enjoyment of the bagel

The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. You decide to have a burger today, but if they were out of burgers, you would have bought a bagel. Your opportunity cost is your enjoyment of the bagel.

4 0
3 years ago
The following are the transactions for Evans Company: a. Sold merchandise for $645. The cost of goods sold was $375. b. Sold mer
omeli [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
The world's largest producer of municipal solid waste (msw) is ____.
vlada-n [284]
Im thinking its the uk am i right
5 0
3 years ago
Read 2 more answers
Assets Current assets $38,000,000 Net plant, property, and equipment $101,000,000 Total assets $139,000,000 Liabilities and Equi
Reil [10]

Answer:

9.73%

Explanation:

the market value of equity = 10,000,000 stocks x $15 = $150,000,000

the market value of debt = 40,000 bonds x $1,150 = $46,000,000

total = $196,000,000

weight of equity = 0.7653

weight of debt = 0.2347

Re = 3.5% + [1.35 x (0.115 - 0.055)] = 0.035 + 0.081 = 0.116

cost of debt = ytm = {36.25 + [(1,000 - 1,150)/40]} /  [(1,000 + 1,150)/2] = (36.25 - 3.75) / 1,075 = 32.50 / 1,075 = 0.03023 x 2 = 0.0605

after tax cost of debt = 0.0605 x (1 - 40%) = 0.0363

WACC = (0.116 x 0.7653) + (0.0363 x 0.2347) = 0.09729 = 9.73%

3 0
3 years ago
Why cant this be a free site? Teens my age need help and not everyone can afford to pay for help.
IgorC [24]

Answer:it is

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Universal finance has segmented its customer base into two categories: high wealth and retirement. high wealth accounts should b
    9·1 answer
  • Today, Jennifer earns $55000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion
    12·1 answer
  • Suppose you are in the T-shirt business. The cost of your ink supplies increases as the quantity of T-shirts produced decreases.
    10·1 answer
  • A central question that must be addressed in bankruptcy proceedings is whether the firm's inability to meet scheduled interest p
    11·1 answer
  • Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,040. The freight
    11·1 answer
  • A new product innovation that is consistent with the values and experiences of potential adopters and attracts new buyers at a r
    11·1 answer
  • (True) or (False)? The total amount of depreciation accumulated for an asset over its entire life will differ depending on the m
    14·1 answer
  • Does each Subway $5 Footlong cost the franchisee more than $5? Subway, the fast food restaurant franchise, recently announced it
    13·1 answer
  • Please help my time is almost up!!!
    15·1 answer
  • What has a defined length, type, and format and includes numbers, dates, or strings such as customer address?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!