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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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US<br> What is the percent of H in<br> NH3?<br> (H = 1.008 amu, N = 14.01 amu)<br> [?]%
Vlad [161]

Answer:

17.6

Explanation:

Answer is explained above

4 0
3 years ago
Read 2 more answers
The gas in a cylinder has a volume of 7 liters at a pressure of 107kPa. The pressure of the gas is increased to 208kPa. Assuming
VashaNatasha [74]
By Boyles Law (P1V1=P2V2), substituting values in and solving for V2, we find that the new volume is 3.6 L<span />
6 0
3 years ago
What is the balanced form of the following equation? Br 2 + S 2 O 3 2– + H 2 O → Br 1– + SO 4 2– + H +
nikitadnepr [17]

Answer:

4Br₂+ 5H₂O+ S₂O₃²⁻ → 2SO₄²⁻ + 10H⁺ + 8Br⁻

Explanation:

Br₂ +  S₂O₃²⁻  + H₂O  → Br⁻ + SO₄²⁻ + H⁺

This is a redox reaction:

Br₂ changes the oxidation state from 0 to -1, so it was reduced

In the S₂O₃⁻² anion S changes the oxidation state from +2 to +6 in sulfate anion. (S₂O₃⁻², it is called thiosulfate)

We have protons in the main equation, so we assume we are in acidic medium:

Br₂ + 2e⁻ → 2Br⁻         Reduction

We balanced the bromide with 2, so the bromine has gained 2 electrons.

<u>5H₂O</u> + S₂O₃²⁻ → 2SO₄²⁻ + <u>10H⁺</u> + <em>8e</em>-  Oxidation

First of all, we add 2 to the sulfate anion in the product side, in order to balance the S.

As we have 8 O in right side, and 3 O in left side, we must add 5 O. We add 5 water in the place where the O are lower (reactant side).

Now, we have 10 H, in the reactant side, so we balance the product side with protons (10 H⁺).

Sulfur changed the oxidation state from +2 to +6, so it released 4 electrons, but, if you see thiosulfate anion you have 2 sulfurs so finally it has released 8 electrons.

Electrons are unbalanced so we multiply reduction x4, and oxidation x1.

(Br₂ + 2e⁻ → 2Br⁻) . 4 = 4Br₂ + 8e⁻ → 8Br⁻

(5H₂O + S₂O₃²⁻ → 2SO₄²⁻ + 10H⁺ + <em>8e</em>-) . 1 = STAYS THE SAME.

We sum both half reactions, to cancel the elecetrons:

4Br₂ + 8e⁻ + 5H₂O + S₂O₃²⁻  → 2SO₄²⁻ + 10H⁺ + <em>8e</em>- + 8Br⁻

Finally the balanced reaction is: 4Br₂+ 5H₂O+ S₂O₃²⁻ → 2SO₄²⁻ + 10H⁺ + 8Br⁻

5 0
3 years ago
How would you prepare 3.5 L of a 0.9M solution of KCl?
PolarNik [594]
V=3,5L\\&#10;Cm=0,9M\\&#10;M_{KCl}=74\frac{g}{mol}\\\\&#10;C_{m}=\frac{n}{V}\\\\&#10;n=\frac{m}{M}\\\\&#10;C_{m}=\frac{m}{MV} \ \ \ \Rightarrow  \ \ \ m=C_{m}MV\\\\&#10;m=0,9\grac{mol}{L}*74\frac{g}{mol}*3,5L=233,1g

B. Add 233 g of KCl to a 3.5 L container; then add enough water to dissolve the KCl and fill the container to the 3.5 L mark. 
4 0
3 years ago
1<br> According to the text, what is reduction?
spayn [35]
You forgot to attach the text

BTW reduction is the action or fact of making a specified thing smaller or less in amount, degree, or size.
8 0
3 years ago
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