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siniylev [52]
2 years ago
12

Which of the following is true of general-purpose financial statements?

Business
1 answer:
ehidna [41]2 years ago
8 0

The option that tells us the truth about the general purpose financial statements is that, They provide important information at the least cost.

<h3>What is meant by the general purpose financial statement?</h3>

The term general purpose financial statement is used to refer to the financial statements that re used in the provision of information about the operations and the financial standing of a company or an organization. It also tells us of the cash flow that the organization is having.

Hence we can say that The option that tells us the truth about the general purpose financial statements is that They provide important information at the least cost.

Read more on the financial statements here: brainly.com/question/26240841

#SPJ1

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A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to b
balu736 [363]

Answer:

The correct answer is Master Budget.

Explanation:

A master plan, as its name implies, is a document that contains the strategy to be followed in the medium term. This information is constructed by all those responsible for the areas of the organization, so it will have the details of the strategies for each missionary area. This document is generally organized to be executed in a time greater than 1 and less than 5 years in general.

6 0
4 years ago
Why is it important to gather facts from a variety of sources so you can make fair, objective decisions before delivering bad ne
snow_tiger [21]

The situation may be disturbing, but solutions should not usually be based on emotion. Your first interpretation of the situation may not be the only valid view.

Don't try to sugarcoat the truth. It's best to be open and honest about what happened and what you're going to do to make it right. Remember that your attitude and the clarity of your message are two very important factors in this conversation. Be open, clear, and honest.

Bad news can be effectively clarified and explained by communicating it directly. D. Verbal communication of bad news includes instructions for later reference by the recipient of the bad news.

It's important to be open, honest, and empathetic. Provide all the facts you have and give your employees the time they need to digest the news and ask questions. Guarantee that you will do your best.

Learn more about  emotion here brainly.com/question/4692301

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3 0
2 years ago
Under Part F of the Personal Auto Policy, which of the following is correct when there are two or more auto policies issued by t
kirza4 [7]

Answer:

C This policy will be excess if the other policy is in a different insurer.

Explanation:

Concurrent Insurance is a situation where there are more than one insurance policy for same risk. This is insurance policy which is usually with one primary policy covering the basic loss and then there is secondary policy which provides the excess loss coverage. There can be some clauses in the policy which will define the extend of the loss coverage. This is suitable for business with significant risks. Here also in the question there are two insurance policies for a personal auto.

5 0
3 years ago
Summarize what a Compound interest is
Llana [10]

compound interest

after getting the simple interest of all the years we subracts the main amount with the simple interest which we got till now .it's called as compound interest

8 0
3 years ago
Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa
Whitepunk [10]

Answer:

$110,000

Explanation:

Calculation for How much was stockholders' equity at the end of the year

Beginning balance of stockholders' equity $40,000

Add net income $90,000

Less the dividends paid ($20,000)

Ending stockholders' equity $110,000

Therefore How much was stockholders' equity at the end of the year is $110,000

5 0
3 years ago
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