Answer:
c) periodic tenancy
Explanation:
A periodic tenancy continues for successive periods until the tenant gives the landlord notification that he or she wants to terminate the tenancy. Such a tenancy may not define the duration of the tenancy and may be expressly stated or implied. Brian's situation describes a periodic tenancy.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The consumer price index for 2010 was 160.6 and for 2011 it was 163.1.
To calculate the inflation rate we need to use the following formula:
Inflation rate= [(PC1 - PC0)/PC0]*100
Inflation rate= [(163.1 - 160.6)/160.6]*100= 1.56%
Option A
A new accounting principle can be adopted with stockholders' approval is not true of accounting principles
<u>Explanation:</u>
Accounting principles are the dictates and guidelines that firms must comprehend when describing financial data. The Financial Accounting Standards Board (FASB) publishes a regulated collection of accounting principles in the U.S. applied to as generally accepted accounting principles (GAAP). GAAP strives to develop the accuracy, flexibility, and comparability of the presentation of financial information.
Since accounting principles vary beyond the world, investors should practice discretion when associating the financial statements of organizations from various countries. Accounting principles help dictate the world of accounting according to prevailing dictates and guidelines.
