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Maurinko [17]
3 years ago
11

The going concern assumption of GAAP implies that the firm: __________

Business
1 answer:
yaroslaw [1]3 years ago
3 0

Answer:

correct option is (a)

Explanation:

  • Anxiety is a financially stable accounting term for a company to fulfill its obligations and continue its business for the future.
  • So, One of the key assumptions under GAAP is the going concern assumption that will continue to operate and that all assets should be recorded at their cost rather than at their liquidation value
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The correct answer is:  controlling.

Explanation:

The controlling function in management helps to measure progress towards the organizational goals and brings with it any variations to indicate corrective action. It is a useful tool that allows organizations to verify if everything is happening according to the initial plan adopted.

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3 years ago
An investment bank agrees to underwrite an issue of 15 million shares of stock for Looney Landscaping Corp.
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Answer:

A) Looney Landscaping will receive $187,500,000 (= $12.50 x 15,000,000 shares)

The bank's profit will be $11,250,000 (= ($13.25 - $12.50) x 15,000,000 shares)

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The bank's profit will be $3,740,000 (= $0.275 x 13,600,000 shares)

If the stocks are sold at $11.95 per share, then Looney Landscaping will receive  $158,780,000 (= ($11.95 - $0.275) x 13,600,000 shares)

The bank's profit will be the same, $3,740,000

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3 years ago
Which level of management sets general​ policies, formulates​ strategies, approves all significant​ decisions, and represents th
qwelly [4]

Answer: Top managers.

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Professionalism is a skill necessary for......
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Professional skills are career competencies that often are not taught (or acquired) as part of the coursework required to earn your masters or PhD.

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