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weeeeeb [17]
1 year ago
8

Does the sec require the entity to disclose in the current reporting period the future effect that the accounting change is expe

cted to have on the entity's financial statemtns?
Business
1 answer:
nevsk [136]1 year ago
7 0

Estimates of SEC made every period in the normal course of accounting for things like uncollectible accounts or inventory obsolescence do not need disclosure of such effects; nevertheless, disclosure is necessary if the impact of a change in the estimate is significant.

<h3>What is SEC?</h3>

After the 1929 Wall Street Crash, the U.S. Securities and Exchange Commission (SEC) was established as an independent agency of the federal government of the United States. The SEC's main goal is to uphold the law against market manipulation.

The Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002, and other laws are enforced by the SEC in addition to the Securities Exchange Act of 1934, which established it. Section 4 of the Securities Exchange Act of 1934, also known as the Exchange Act or the 1934 Act and currently codified at 15 U.S.C. 78d, established the SEC.

To learn more about Securities Act,visit:

brainly.com/question/17329529

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The similarity between the linear and interactive communication models can be described as
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In a linear communication model there is one way communication through a communication channel like say a news item on the internet, say. With interactive communication there is two-way communication or an exchange of ideas like in a conversation (verbal) or say via e-mail (non-verbal). The similarity between the two is that a communication channel is used of necessity in both.
4 0
3 years ago
__________ refers to the location of the sport product, the point of origin for distributing the product, the geographic locatio
barxatty [35]

Answer:

Place refers to the location of the sport product, the point of origin for distributing the product, the geographic location of the target markets, and other channels that are important to consider regarding how target audiences may access the product.

Explanation:

Place is simply a portion of space designated or available for or being used by someone.

6 0
2 years ago
Deadweight losses occur when the quantity of an output produced is: less than, but not when it is greater than, the competitive
IRINA_888 [86]
I think the correct answer would be the first option. Deadweight losses occur when the quantity of an output produced is  less than, but not when it is greater than, the competitive equilibrium quantity. It is also known as allocative inefficiency. It is a loss of efficiency that will happen when the equilibrium of a good is not reached or the supply and the demand of a good are not in equilibrium such that the quantity of the goods is less than the equilibrium quantity. It is a loss due to inefficient use of the resources available. Price controls, minimum wage and taxation are said to cause deadweight loss.
4 0
2 years ago
Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. What's this agreement call
kolezko [41]

Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. This agreement is called a bilateral contract.

<h3>What is bilateral contact?</h3>

A bilateral contract is a contract which is made between two parties. Under this contract, both parties make promises to each other on the terms and conditions. In this contract, the promise of one party turns into a consideration of the other party. It is the most common kind of contract which is binding in nature.

Fiona signed a contract promising to either purchase Nick's vacant lot for $310,000 by a certain date or not. It's referred to as a bilateral contract.

Learn more about the bilateral contracts from here:

brainly.com/question/14527253

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4 0
2 years ago
So, I’ve decided to leave Brainly. I had a great time helping people, so I hope you have a great day. :) use this time to miss m
liberstina [14]

Answer:

why now when people still need help alot of help

Explanation:

6 0
3 years ago
Read 2 more answers
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