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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.

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The state of Indiana charges a 6% sales tax on most consumer goods. Grant purchased a generator for $400 and paid an additional
faltersainse [42]

Answer:

the correct answer is

The $400 retail price of the generator.

good luck

8 0
4 years ago
In the ________ era, manufacturers focused on product innovation, rather than satisfying the needs of individual customers.
Temka [501]

It should be noted that in the Production Oriented Era,manufacturers focused on product innovation, rather than satisfying the needs of individual customers.

<h3>What is Production Oriented Era?</h3>

Production Oriented Era can be regarded as an era in which manufacturers were concerned with product innovation, they do this instead of meeting customers needs.

In this era Retailers were considered places to hold inventory until it was sold.

Learn more about Production Oriented Era at:

brainly.com/question/6264918

8 0
2 years ago
g Liabilities of the commercial banking system include Question 69 options: A) deposits. B) loans and deposits. C) reserves and
netineya [11]

Answer:

A) deposits

Explanation:

In the case of the commercial banking system, the  liabilities is deposits as the deposit is the amount of the depositors

So as per the given situation, the option A is correct as the deposits represents the commercial banking liabilities

hence, all the other options are incorrect

Therefore, the same is to be considered

8 0
3 years ago
Which of the following statements is false regarding audit reporting?
Mnenie [13.5K]

Answer:

None      

Explanation:

In simple words, audit reporting or auditing refers to the process under which an independent third part, licensed by the regulatory body, examines the financial statements of an organisation to check if such statements depicts fair information and are made as per the regulatory standards.

The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.

8 0
3 years ago
__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.
Eva8 [605]

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

4 0
3 years ago
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