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rodikova [14]
4 years ago
11

What are purchased items or extracted materials that will be transformed into components or products called?

Business
1 answer:
Amanda [17]4 years ago
8 0

<u>Answer:</u>

<em>Purchased items or extracted materials that will be transformed into components or products are called (</em><u><em>A) Raw materials inventory </em></u>

<u>Explanation:</u>

Raw materials inventory is the complete expense of all segment parts at present in stock, which is not in use, therefore, a continuous process or completed stock creation. There are two subcategories of crude materials, which are direct materials. These are materials fused into the last item.

Raw materials may at times be announced out of date, perhaps because they are never again utilized in organization items, or because they have debased while away, thus can never still be used

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3 years ago
Which one of the following statements concerning the balance sheet is correct? Total assets equal total liabilities minus total
Margarita [4]

Answer:  Assets are listed in descending order of liquidity

Explanation:

According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.

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4 years ago
The standards and rules that accountants follow while recording and reporting financial activities.
Finger [1]

Generally accepted accounting principles are the standards and rules that accountants follow while recording and reporting financial activities.

<h3>What is Generally accepted accounting principles?</h3>

A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board is known as generally accepted accounting principles (GAAP) (FASB).  When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.

Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.

To learn more about  Generally accepted accounting principles, visit:

brainly.com/question/14665057

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7 0
2 years ago
Rhonda received a voice message marked "urgent," but due to the poor quality of her phone's speakers, she was not able to unders
kap26 [50]
I think the answer is A
Hope this helps have a great night!
4 0
4 years ago
The supply curve represents the _____ price at which a firm is willing to _____.
Harrizon [31]
<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>
8 0
3 years ago
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