1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brums [2.3K]
3 years ago
11

Accounting standard-setters use the following process in establishing accounting standards:__________. A. Discussion paper, rese

arch, exposure draft, standard. B. Research, preliminary views, discussion paper, standard. C. Research, exposure draft, discussion paper, standard. D. Research, discussion paper, exposure draft, standard.
Business
2 answers:
Deffense [45]3 years ago
6 0

Answer:

D. Research, discussion paper, exposure draft, standard.

Explanation:

Accounting standards are used for financial reporting, they are set of principles (standards and procedures) that most be followed in other to achieve the basis of financial accounting policies and practices which would lead to a transparent financial report.

The processes are first done by RESEARCHING paper to get ready known knowledge, DISCUSSING the researched context within professionals, EXPOSING the already know facts and also bringing new cocepts then finally setting the required STANDARDS.

Sergeu [11.5K]3 years ago
4 0

Answer:

Option D Research, discussion paper, exposure draft, standard.

Explanation:

The reason is that the International Accounting Standard Board conducts the research which includes the issues arising in the current standard due to advancement in environment. This requires that the company consider all the valuable suggestions fromt the professionals around the world. After a great discussion, the IASB chooses the best recommendations and publishes exposure draft which to review the judgement made. After careful review of the exposure, IASB issues new international accounting standard which results in abandoning the application of previous international accounting standard in two years time and opting to the new international accounting standard.

You might be interested in
Two annuities have equal present values and an applicable discount rate of 7.25 percent. One annuity pays $2,500 on the first da
nignag [31]

Answer:

$2681.30 approx.

Explanation:

The first annuity is case of annuity due

For the first annuity, $2500 + 2500 × cumulative present value factor at 7.25% for 14 years

= $2500 + 8.6158 × 2500

= $24040 approx

The second annuity is the case of deferred annuity wherein payments are made at the end of the year.

Payment amount of second annuity = Present Value of first annuity ÷ cumulative present value annuity factor at 7.25% for 15 years

This will be equal to 24,040/8.9658 = $2681.30 approx.

5 0
3 years ago
A company’s ______ delineates management’s aspirations for the business providing a panoramic view of ""where we are going"" and
bogdanovich [222]

Answer:

The correct word for the blank space is: strategic vision.

Explanation:

The strategic vision of a company outlines the path the organization should follow and the set of steps that are to be taken to reach the firm's objectives in the long term. Compared to the mission, the vision is in charge of answering the question of <em>what the impact of the organization's operations will be for the internal environment of the firm</em>.

3 0
3 years ago
Why is perceptiveness an important trait to have as an entrepreneur??????
Sergeeva-Olga [200]
It is important trait to have as an entrepreneur, because you have to have different perceptive's of the type of people you are selling to. As in you just can't have one persons point of view.
7 0
3 years ago
Work should be performed by an individual if ________.
Setler [38]
Answer:
there is no need for diverse input

6 0
2 years ago
wo firms, A and B, each currently emit 100 tons of chemicals into the air. The government has decided to reduce the pollution an
almond37 [142]

Answer:

Firm A will buy all of the firm B's pollution permits. Each one will cost between $100 and $200.

Explanation:

The firm B will gain from the trade of pollution permits. Firm A will need higher pollution permits since it emits 100 tons of chemicals into air and the cost for eliminating each ton is $200. This cost is higher than the cost to Firm B which is $100 only. Firm A will buy all the pollution permits from Firm B and there will advantage for the Firm B to gain from the trade.

3 0
3 years ago
Other questions:
  • Use the​ price-demand equation p plus 0.005 x equals 46​, 0 less than or equals p less than or equals 46. Find the elasticity of
    9·1 answer
  • During the year, a company had the cash flows listed below. What was the total net cash flow for the year? Cash inflow from oper
    7·1 answer
  • All new employees must first complete a six-week training program.
    11·1 answer
  • Primare Corporation has provided the following data concerning last month’s manufacturing operations.
    11·1 answer
  • A common carrier bailee generally would avoid liability for loss of goods entrusted to its care if the goods area. Stolen by an
    5·1 answer
  • Suppose that Jack and Sophia and Hal enter into an agreement for the sale of the business without the non-competition agreement.
    7·1 answer
  • You plan to go to Asia to visit friends in three years. The trip is expected to cost a total of $10,000 at that time. Your paren
    9·1 answer
  • Brief Exercise 8-06 The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that wo
    6·1 answer
  • What is a buying plan and why is it important?
    10·1 answer
  • Swifty Corporation records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!