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Sophie [7]
3 years ago
14

Accounting Concepts Should we buy stock in a company? Should we extend a line of credit to a company? Should we continue with cu

rrent operations or change how we do business? These are the types of questions stakeholders ask themselves. Stakeholders require useful accounting information in order to make accurate financial decisions. In accordance with a generally accepted accounting principles (GAAP),a company's financial statement must contain accurate accounting information and is used in financial reporting How do you know whether accounting information is useful? Review each of the accounting concepts below that describe the qualitative characteristics of accounting information. Business entity Cost concept Going concern concept Matching concept concept Unit of measure Adequate disclosure Accounting period concept Objectivity concept In each of the following scenarios, which accounting concept is being violated? 1. A major explosion at your company's main production facility caused a two-month stoppage of operations during a busy time of year. It went unreported because the accountant said its dollar effect was too low 2. Because of recent technological breakthroughs in your company's main product, the selling price has increased and the accountants have increased the value of the company's inventory. 3. The accountants at your company have decided to state the financial statements in euros because the company does a lot of business in Italy. 4. Your company's monthly income statement shows the highest monthly revenue earned this year (in July) compared to the highest amount paid for each expense so far this year. 5. Your company recently filed for bankruptcy. 6. Building construction costs have skyrocketed in your area, making your company's building significantly more valuable, so the accounting records have been updated to reflect the estimated selling price for this asset 7. Most of your company's sales occur in the fall, so a summary income statement was issued for Spring-Summer of the current year. 8. A completely separate company from the one with which you are concerned may not make it through the year. This information was included in your company's financial statements concept concept
Chemistry
1 answer:
CaHeK987 [17]3 years ago
3 0

Answer:

1

Explanation:

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At 350 k, kc = 0.142 for the reaction 2 brcl(g) ⇀↽ br2(g) + cl2(g) an equilibrium mixture at this temperature contains equal con
djyliett [7]
0.114 mol/l  
The equilibrium equation will be: 
Kc = ([Br2][Cl2])/[BrCl]^2  
The square factor for BrCl is due to the 2 coefficient on that side of the equation.  
Now solve for BrCl, substitute the known values and calculate. 
Kc = ([Br2][Cl2])/[BrCl]^2 
[BrCl]^2 * Kc = ([Br2][Cl2]) 
[BrCl]^2 = ([Br2][Cl2])/Kc 
[BrCl] = sqrt(([Br2][Cl2])/Kc)  
[BrCl] = sqrt(0.043 mol/l * 0.043 mol/l / 0.142) 
[BrCl] = sqrt(0.001849 mol^2/l^2 / 0.142) 
[BrCl] = sqrt(0.013021127 mol^2/l^2) 
[BrCl] = 0.114110152 mol/l  
Rounding to 3 significant figures gives 0.114 mol/l
4 0
3 years ago
If one were asked to choose between paper or plastic which would be chosen and which one would benefit the environment?
vekshin1
It would be plastic Becaus we can recreate things with plastic and other things that are recyclable. Since,we mostly cut down trees everyday for paper,not knowing that we are wasting natural resources, and destroying animal homes and food.
6 0
3 years ago
The fact that same molecules of matter have been around for years is supported by​
Elza [17]

Answer:

The law of definite proportions

Explanation:

The law of definite proportions states that atoms combine in a molecule in a specific molar ratio or specific stoichiometry. For example, it's proved that regardless of the quantity we take, two hydrogen atoms always combine with one oxygen atom to form a water molecule.

Similarly, ionic substances follow the same pattern. Since the net charge of ionic salts should be equal to 0 and each element has a definite number of valence electrons in its shell all the time, the ions combine in a way, so that cations balance the charge of anions.

Essentially, the law of definite proportions is applicable and will be applicable in the future, since we know that each element has a fixed number of valence electrons in its ground state.

6 0
3 years ago
-brass
prohojiy [21]

Answer:

A= carbon

B= iron

C= Brass

D= water

E= soil?

F= magnesium oxide

G= Steel

H=wine

7 0
3 years ago
An object is located 51 millimeters from a diverging lens. The object has a height of 13 millimeters and the image height is 3.5
aleksandr82 [10.1K]

Answer:

B. 13.7 mm

Explanation:

by similarity of rectangular triangles, we have:

(1) Δ ABC and Δ AB'C'

∴ AB/AB' = AC/AC'

∴ hypotenuse (AB)² = AC² + BC².....Pythagorean theorem

⇒ AB² = (51 mm)² + (13 mm)²

⇒ AB² = 2770 mm²

⇒ AB = 52.63 mm

(2) Δ AB'C' :

∴ hypotenuse (AB')² = AC'² + B'C'²

∴ B'C' = 3.5 mm

from (1):

⇒ AB' = (AB)(AC') / AC = (52.63)(AC') / (51 mm)

⇒ AB' = 1.032AC'.......(3)

(3) in (2):

⇒ (1.032AC')² = AC'² + (3.5)²

⇒1.065AC'² = AC'² + 12.25

⇒ 0.065AC'² = 12.25

⇒ AC'² = 188.462

⇒ AC' = √188.462

⇒ AC' = 13.72 mm

8 0
3 years ago
Read 2 more answers
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