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Llana [10]
3 years ago
12

The primary responsibility for fair and accurate financial reporting rests with the:

Business
1 answer:
Nikitich [7]3 years ago
5 0

Answer:

The correct answer is (D)

Explanation:

Financial reporting is a complex task which requires an expert to handle them accurately. Companies make many changes in the real data to slip from government taxes and they usually report losses. Auditors are the one responsible to find discrepancies in the financial reporting. So, the primary responsibility rests with the auditors for accurate financial reporting.

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A(n) ________ is a specific type of strategic alliance in which the partners form a separate, independent organization for some
Fynjy0 [20]

A Joint Venture is a specific type of strategic alliance in which the partners form a separate, independent organization for some business purpose.

An organization or organization is an entity, such as a company, institution, or association, made up of one or more people and having a specific purpose. The word comes from the Greek word organon, which means tool or instrument, instrument or organ.

The definition of organization refers to the act of putting things in logical order, an efficient and methodical approach to a task, or a formally assembled group of people. Clearing out your desk and putting all your papers in a logical place is an example of organization.

Learn more about organization here:brainly.com/question/19334871

#SPJ4

4 0
2 years ago
Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the acc
Nitella [24]

Answer:

Explanation:

Since in the question the shares are repurchased which impact the accounting equation in a negative manner

Accounting equation would be

Total assets = Total liabilities + Stockholder equity

The assets are decreased as it reduces the balance of cash account as well as it reduced the stockholder equity also by the same amount

4 0
4 years ago
Austin sound sold inventory for $ 300,000, terms 2​/10, ​n/30. cost of goods sold was $152,000. how much sales revenue will aust
LenKa [72]

The correct answer is $300,000.

The company will report the actual amount of the sale - $300,000. The cost of goods sold is subtracted from the net sales on the income statement at the end of the fiscal period.

4 0
3 years ago
Consider luxury weekend hotel packages in las vegas. When the price is $250, the quantity demanded is 2,000 packages per week. W
Aleonysh [2.5K]

Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.

Mid point method-

e=\frac{Q2-Q1}{\frac{Q1+Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2-P1}e=\frac{1700-2000}{\frac{2000+1700}{2} } * \frac{\frac{280+250}{2} }{280-250}

e=\frac{-300}{1850} } * \frac{265}{30}

e= -0.16216*8.8333

e= -1.432

Elasticity of luxury weekend hotel packages in las vegas is -1.432.



5 0
3 years ago
Starbucks repurchased over $1.4 billion of its common stock in 2015. how did this repurchase affect starbucks' roe
Zolol [24]
Starbucks repurchased over $1.4 billion of its common stock in 2015. How did this repurchase affect Starbucks' ROE?

4 0
3 years ago
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