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Nezavi [6.7K]
2 years ago
8

financial accounting focuses on the needs of external users, who get accounting information from general-purpose financial state

ments. true or false
Business
1 answer:
Anit [1.1K]2 years ago
7 0

It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.

<h3>Who are external users of financial accounting?</h3>

An investors is the most common external users of financial statements because they make and assess their investment decisions by using relevant financial information in a company's financial statements

But external users of financial accounting such as shareholders, boards also uses the financial accounting, therefore, It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.

Read more about financial accounting

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What happens after the irs accepts your tax return?.
Mandarinka [93]

Answer:

First, they "stamp" the return with an electronic postmark, and then they will send it to the government.

Then you both wait 24 to 48 hours for the IRS to accept your return.

What are they doing? They are checking your personal information to make sure it matches their records.

If everything looks good, the IRS accepts your return.

Hope this helps..

4 0
3 years ago
g If the demand for a product increases proportionately faster than the increase in consumers' incomes, then the income elastici
wlad13 [49]

Answer:

greater than zero.

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income

Income elasticity of demand = percentage change in quantity demanded / percentage change in income.

I hope my answer helps you

5 0
4 years ago
Lauren owns a spa and is contemplating whether to eliminate facials from her menu of services. To decide, she asked a few custom
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6 0
3 years ago
Describe how changes in expected inflation impact an economy in the wake of a temporary negative supply shock
Fed [463]

Negative shocks reduce production and increase unemployment. Positive shocks increase production and reduce unemployment.

Unexpected change moving SRAS. A positive supply shock increases SRAS, whereas a negative supply shock decreases SRAS. A combination of slowing overall economic output (declining) and rising price levels (inflation). Stagnation occurs when SRAS decreases.

A negative supply shock leads to an increase in the natural rate of interest. If real interest rates are not adjusted, there will be excess demand in the labor market. t = 0 unless the real interest rate is adjusted. Then we move into an economy where the market is imperfect.

A supply shock is an unexpected event in which the supply of a product or commodity changes, causing a sudden change in price. A positive supply shock increases output and decreases prices, while a negative supply shock decreases output and increases prices.

Learn more about supply at

brainly.com/question/25843620

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8 0
1 year ago
Rogue Vogue Corp. is an apparel company. To keep up with the latest changes in the fashion industry, the company has to come up
Likurg_2 [28]

Answer:

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Dominant organizational culture is a type of overall shared values accepted and shared among members of an organization , comprising different subculture groups that all work together in guiding the the operational activities of an organization and as a result influence and shape their behavior .This is necessary for every organization as it strengthens its value and belief

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3 years ago
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