Answer:
Accordingly, the change should be disclosed in notes to the financial statement of the current year.
Explanation:
A change in accounting principle occurs when there is change in a method adopted for measuring an accounting item. For example, change in depreciation method used. This change is usually apply prospectively i.e that is in effect of the future period. When this happen, it breaches the principle of consistency that accounting methods should remain same from period to period and distort comparison across period.
In order to curtail this, it is important to disclose to users of the financial statement that there is a change in accounting principle.And this disclosure should be made in the current period even if the change in accounting principle does not materially affect the current year figure.
Making this disclosure will enable the users to understand how the comparison will be made and reason for the change in accounting principle.
Answer:
2.53
Explanation:
The computation of the combined turnover for the entire company is shown below;
Combined turnover is
= Combined sales ÷ combined assets
where,
Combined sales is
= $9,600,000 + $2,310,000
= $11,910,000
And,
Combined Assets is
= $4,000,000 + $700,000
= $4,700,000
So, Combined Turnover is
= $11,910,000 ÷ 4,700,000
= 2.53
Call the bank and have them cancel the card
Answer:
Option A
Explanation:
In simple words, Maurice is confused that if he should work with animals or not. Working voluntary in an animal shelter would give him a first hand experience and will definitely clarify his doubts to a very good extent.
The ice cream parlor option do not provide him with any exposure. And researching is baseless s he is not sure if he even wants to work with animals. Last question is also incorrect as the case did not given any fact about his Monterey ambitions.
Jamie cannot use the Venn diagram as the best compare and contrast graphic organizer for his project. Thus, The correct answer is False.
<h3>What is a Venn diagram?</h3>
Venn diagram is used to compare elements of the same type. This includes cross-sectional circles where you write features that do not include each element, as well as the common ones.
This type of diagram is recommended when comparing two or three elements because you need a circle or space for each element, so it is not possible to compare several elements.
Thus, it is a lie to say that Jamie should use the Venn diagram in his project, because he needs to compare seven types of flowers and this does not happen using the Venn diagram, instead he should use a chart or similar that allows him to compare multiple elements. The correct answer is False.
To learn more about the Venn diagram, refer to the link:
brainly.com/question/26090333