Answer:
I should not accept the bet; the precise level of risk aversion does matter.
Explanation:
Risk averse person is the one who is not willing to take the risk even if he is given high returns. Risk averse person will always avoid the risks. In the given scenario the person is risk averse. If he rolls out the dice he has to pay $200 times the dice number which means he just have two chance (dice rolls 1 or dice rolls 2) for getting return otherwise he will loose the bet and he will have to pay money from the pocket.
For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.
Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.
- Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.
The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases
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Answer: The correct answer is "CFO".
Explanation: A CFO (Chief Financial Officer) is responsible for the economic and financial planning of the company. It is who decides the investment, financing and risk in order to increase the value of the company for its owners (whether shareholders or partners). It provides financial, accounting knowledge and in general an analytical look at the business. In many cases he is also the strategic affairs advisor for the CEO.
Therefore, if he is guilty of serious misconduct, he may subject the company to large losses in financial wealth.
Answer:
The correct answer is A
Explanation:
Change in accounting principle is the term which is defined as when the business choose among the GAAP (generally accepted accounting principles) or changes the method with which the principle is used. These principles impact the way or the method used, and then estimates the particular recalculation.
For example, company using the different method of depreciation after the 1st year of operations pr switching among FIFO to LIFO methods of inventory valuation.
So, in this case, the company switch or change the completed contract method to the percentage of completion accounting method. Therefore, the company uses the change in the accounting principle.
Answer:
All of the above
Explanation:
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