Answer:
Relevance and faithful representation
Explanation:
The is a general consensus that accounting information must possess certain basic characteristics for it to be useful to the users of financial statement. The International Accounting Standards Board (1ASB) gave voice to this assertion when it prescribes some basic characteristics of accounting information which are 1. Understandability 2. Relevance 3. Reliability 4. Comparability. 5. Materiality. 6. <em>Faithful representation.</em> 7. Substance over Form. 8. Neutrality. 9. Prudence. 8. Timeliness. 9. Completeness.
Faithful representation is the requirement that financial statement must be accurate and must show a true and fair view of the position of the business.
How to assess the behavior of consumers Facial expressions can be used to gauge eating habits and consumer preferences. shopping behavior analysis. investigating customer behavior in a natural setting. study of neuromarketing.
Many things about a person's thoughts can be deduced from their facial expressions. Humans are capable of expressing their feelings both verbally and physically. Our body language can occasionally be a dead giveaway to the true emotions we are experiencing. Unconsciously, our eyes, lips that tremble a little, nose that wrinkles, etc., all convey our hidden feelings.
By observing one's facial expressions, one can determine their emotional condition. Even as children, a teacher's severe gaze was all it took to get us to straighten up and obey. Our face is a reflection of our innermost emotions. A small percentage of people have extremely expressive faces that reveal their entire emotional state.
Learn more about facial expressions here
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Answer:
The answer is: Gail's § 179 deduction for 2019 is $145,000
Explanation:
§ 179 of the IRS Code, allows taxpayer to either:
- deduct the cost of certain types of property from gross income taxes as an expense
- allow the cost of the property to be capitalized and depreciated.
If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000
Answer:
D. Consistency among a firm’s activities.
Explanation:
Conceptualisation is the process by which an enterpreneur writes out concepts that will later make up the basis of the business model.
These concepts ensures uniformity in the activities of the business.
For example he can decide to break down business activities into 3 departments.
Answer:
A new president was hired and he found Chesterly out while reviewing the accounting records.
