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dolphi86 [110]
3 years ago
15

The accountants at Gamone Phones, a cell phone manufacturing company, discover that the firm has performed poorly over the last

two quarters, leading to negative financial implications. Instead of stating the actual figures, the managers decide to wrongly present the firm's debts and overstate its earnings. The aspect of financial accounting that should be emphasized to avoid such incidents of accounting fraud is:
Business
1 answer:
siniylev [52]3 years ago
7 0

Answer:

ethics in accounting

Explanation:

Ethics in accounting is a matter of both guidelines and principles. Specific standards are set by governing bodies and trade organizations who craft the rules of accounting, but personal values and professional ethics must guide accountants.

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On January 2, 2013, Gant Co. purchased a franchise with a useful life of five years for $60,000 and an annual fee of 1% of franc
inysia [295]

Answer:

$48,000

Explanation:

The computation of the amount that should be reported as the intangible asset franchise is shown below

= Purchase value of franchise - amortization per year

= $60,000 - ($60,000 ÷ 5 years)

= $60,000 - $12,000

= $48,000

hence, the  amount that should be reported as the intangible asset franchise is $48,000

6 0
3 years ago
Which option identifies the type of budget development represented in the following scenario?
Alexus [3.1K]

Answer:top approach

Explanation:

4 0
2 years ago
Imprudential, Inc., has an unfunded pension liability of $750 million that must be paid in 17 years. To assess the value of the
Lana71 [14]

Answer:

$202,701,713.58

Explanation:

Present value of this liability = Value of liability / ((1+r)^t)

Present value of this liability = $750 million / ((1+0.08)^17)

Present value of this liability = $750 million / (1.08)^17

Present value of this liability = $750 million / 3.7000180548

Present value of this liability = $202,701,713.5840815

Present value of this liability = $202,701,713.58

6 0
3 years ago
What is the document that the marketing researcher pledges to deliver as a result of the marketing research process?
dezoksy [38]

Answer: Marketing research proposal

Explanation: A marketing research proposal simply means a detailed outline of market research plan. It entails the processes involves in the research study which includes the aims and objectives of the market research which is included in the problem statement, Developing ways to solve the identified problem, Formulating the design or model for the research, collection of required data (both qualitative and quantitative) , data preparation, cleansing and analysis and Report preparation and presentation.

3 0
3 years ago
which of the following best describes the kinds of decisions that result from using cost-benefit analysis
ehidna [41]

With the absence of the options to choose from, lets look at general results of using cost-benefit analysis.

Explanation:

using cost-benefit analysis is a strategic way of making decisions based on cost and benefit solely.

Ideally any investment or strategic decision to be made by an institution needs a cost-benefit analysis.

This is done by listing all the projected resources needed to take up the strategic objective and costed. After which another list is made of the potential benefit that is likely to come to the organisation.

When the two is compared we say <em>you are making cost-benefit </em>analysis.

More often without secondary reasons, the option with the highest benefit over cost is chosen.

This cost and benefit analysis are made both qualitatively and quantitatively.

Quantitatively methods such as NPV are used.

#learnwithbrainly

7 0
3 years ago
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