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Ivahew [28]
2 years ago
15

Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false

Business
1 answer:
diamong [38]2 years ago
3 0

This is a False Statement.

Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.

Specifically, management accounting aims to

  • provide Information for internal Organisation managers
  • providing details to governmental regulating bodies
  • Information for shareholders, the accounts payable department, and other parties outside the company
  • information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.

To Learn more about Management Accounting, Click the links.

brainly.com/question/21597572

brainly.com/question/18414655

#SPJ4

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Jazz Corporation owns 50% of the Williams Corp. Stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s
Elden [556K]

Answer:

$6,500

Explanation:

Calculation for the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp

Based on the information given we were told that the Jazz's Corporation owns part of Williams Corp. stock which is 50% in which Williams Corp. stock distributed the amount of $10,000 dividend to Jazz Corporation which means that Jazz Corporation share in Williams stock is higher than 20% and as well lower than 80% based on this Jazz Corp.'s will be entitled to dividend received deduction of 65% calculated as:

Dividends received deduction =$10,000 × 65%

Dividends received deduction=$6,500

Therefore the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp will be $6,500

7 0
3 years ago
WILL MAKE BRAINLIEST!!PLS HELP<br><br><br> Does the holland code use career clusters?
horsena [70]
I believe this is true. 

Hope this helps!
4 0
3 years ago
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An hourly employee works 40 regular hours during a pay period. His base pay
ioda
C is the awnser :)!!!
4 0
3 years ago
It is said that kone is embedding intelligence across its supply chain and enables smarter buildings. explain.
alexandr402 [8]

KONE started the next stage of its strategy, Sustainable success with consumers, in January 2021. With innovative intelligent solutions, we will increase the value we provide for clients during the four-year strategy term and further integrate sustainability into all of our activities.

Core goods and services: through connectivity and adaptability, they meet the unique demands of each client for a seamless experience. All goods and services shall be made as cost-effective and environmentally friendly as possible.

In order to provide customers with value in new ways, new customer value solutions are being developed and integrated with existing core products and services.

Smart and sustainable cities: become the go-to partner for the construction of smart and sustainable cities.

In this extremely fragmented and fast-growing economy, the service industry in China is becoming the undisputed market leader.

Core values and concepts form the foundation of our culture. We never err on the side of our core values. They consist of sustainability, quality, and safety. The core of our culture is comprised of our values, which stand for the attitudes and actions that KONE wants to encourage.

To learn more about Kone from the given link.

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8 0
1 year ago
Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer
Elena-2011 [213]

Answer:

$4,000

Explanation:

The asset's recovery period is 5 years and the half-year convention applies.

Therefore :

$20,000 ×0.20 = $4,000.

6 0
3 years ago
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