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Usimov [2.4K]
3 years ago
5

The financial statements for DRG Industries contain a misstatement that is so significant that reasonable investors would likely

make a different investment decision if they were given the correct information. What concept of GAAP applies to this situation?a. Full disclosure
b. Revenue recognition
c. Materiality
d. Cost-benefit
Business
1 answer:
Sergio [31]3 years ago
6 0

Answer:

c. Materiality

Explanation:

The relevance of information is affected by its materiality.  Information is material if omitting it or misstating it could influence decisions that users make on the basis of financial information about a specific reporting entity.

An error which is too trivial to affect a user’s understanding of financial statement is referred to as immaterial.  There is no absolute measure of materiality that can be applied to all businesses. In other words there is no rule that says any item greater than 5% of profit must be material. Whether an item is material or not depends on its magnitude or its nature or both in the context of the specific circumstances of the business.

So based on the above discussion, the answer is c. Materiality

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A _____ is an integrated collection of data that can include seemingly unrelated information, no matter where it is stored in th
Deffense [45]

A ​data warehouse is an integrated collection of data that can include seemingly unrelated information, no matter where it is stored in the company.

An enterprise data warehouse (EDW), sometimes referred to as a data warehouse (DW or DWH) in computing, is a system used for reporting and data analysis and is regarded as a key element of business intelligence.

data warehouse DWs serve as a central repository for combined data from a variety of sources.

They keep both recent and old data in a single location that is utilized to provide analytical reports for employees across the whole company.

The operational systems upload the data that is kept in the warehouse (such as marketing or sales).

Before being used in the data warehouse for reporting, the data may go via operational data storage and require data cleansing for extra activities to ensure data quality.

Learn more about the data warehouse here:

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8 0
2 years ago
Misconduct in research or scholarship includes fabrication, falsification, or plagiarism in proposing, performing, reviewing, or
Sever21 [200]

Answer:

Recording data.

Explanation:

7 0
3 years ago
A company had been selling its product for $20 per unit, but recently lowered the selling price to $15 per unit. The company's c
sammy [17]

Answer:

$2,600

Explanation:

As we know that the inventory should be recorded at a cost or market value which ever is lower

In the given case,

The cost is

= 200 units ×$16 per unit

= $3,200

And, the market value is

= 200 units × $13 per unit

= $2,600

So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet

6 0
3 years ago
explain prefix increment operator vs. postfix increment operator, give an example in Java code, explain what's happening at the
AveGali [126]
<h2>Pre-Increment increments the value immediately, Post increment increments the value only after executing the entire line.</h2>

Explanation:

class PrePostIncOperator {

   public static void main(String[] args){

         int x=5;    

         System.out.println(x++);          

         System.out.println("\n"+ ++x);    

        }

   }

Let us understand the program.

int x = 5 => Initializes the value of 5 to the variable x

System.out.println(x++);  This is the post increment operator. The value of x gets incremented only after printing the value. That is first System.out.println(x) will be executed and then the increment operator takes place once it finds the ";" that is the end of the statement. The memory which holds the value of x is changed only after executing the statement.

System.out.println("\n"+ ++x);     Here the value gets incremented and immediately assigns to the memory.

8 0
3 years ago
When a buyer asked the price of a particular model of meat slicer, a company's salesperson said, "If you don't mind, could we di
Andreas93 [3]

Answer: E. postpone

Explanation:

This method encourages the sales person to push the discussion of certain aspects of the discussion to the end of the discussion.

It is a great way to keep people listening even if they are stuck on a couple of points. You simply tell then that you'll address those objections at the end. It shows that you at the very least acknowledge their objections.

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