Answer:
c. is a financial statement that summarizes a firm’s revenues and expenses over a period of time
Explanation:
The balance sheet is a financial statement that shows the firm’s financial position at a particular point in time. It details the firm’s assets and liabilities at a point in time.
I hope my answer helps you
Answer:
B) I and III
Explanation:
Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance to the Generally Accepted Accounting Principles (GAAP) as well as their accuracy and consistency of their records. Therefore, choices I and III are correct.
Answer:
<u>Company's total inventory</u> 30,850
Camaras: 10,960
Camcorders: 8,850
DVDs: 11,040
Explanation:
<u>Camaras: </u>
cost: 10,960
net realizable value: 12,060
<u>Camcorders: </u>
cost: 8,850
net realizable value: 9,170
<u>DVDs: </u>
cost: 12,100
net realizable value: 11,040
<u>Company's total inventory</u>
10,960 + 8,850 + 11,040 = 30,850
We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.
According to my conclusion, Ling's can be blamed for carelessness. By definition, a tort of carelessness happens when somebody endures damage on account of another's inability to surrender over to a required obligation of care. In our case, by owning an open space, the administration is at risk to ensure that clients and workers have a protected domain. The supervisor realized that the water on the floor may be a potential safety risk and did not take any measures to caution the client. So, this way, the chief broke the obligation of care. Kim endured legitimately unmistakable damage (in the event that she got a specialist's note) caused by the director's carelessness.
In an experiment, raising his hand would be the dependent variable.
