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skad [1K]
3 years ago
15

Which of the following statements is INCORRECT? A : Faithful representation results when different companies use the same accoun

ting principles and methods. B : An item is material when its size makes it likely to influence the decision of an investor or creditor. C : The primary objective of financial reporting is to provide financial information that is useful to investors and creditors for making decisions. D : Faithful representation means that information is complete, unbiased, and free of error.
Business
1 answer:
Oxana [17]3 years ago
8 0

Answer: A : Faithful representation results when different companies use the same accounting principles and methods.<u> Is INCORRECT.</u>

Explanation: All statements are correct except for A because Faithful representation means that information is complete, unbiased, and free of error regardless of the accounting methods used. Faithful representation means that the numbers reflect reality.

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Today's trend is to expand the span of control because: Multiple select question. empowerment increases costs and reduces profit
Ad libitum [116K]

It is important to expand the span of control because

  • the workforce is better educated at all levels.
  • organizations save by reducing the number of middle managers.

<h3>What is a span of control?</h3>

Span of control simply means a key element in the structure of an organization.

In this case, it is vital to expand the span of control because the workforce is better educated at all levels and organizations save by reducing the number of middle managers.

Learn more about span of control on:

brainly.com/question/26102029

8 0
2 years ago
Suppose you want to play a carnival game that costs 7 dollars each time you play. If you win, you get $100. The probability of w
lilavasa [31]

Answer:

The correct answer would be $5

Explanation:

The formula to use is "Expected return to player" which is

E(x) = x.p(x)

where x is the return to player if they win

and p(x) is the probability of winning.

So here,

x = $100 (return to player for winning)

p(x) = 1/50 (probability of winning)

Therefore expected return to player is

E(x) = x.p(x)

= $100 x 1/50

= $100/50

= $2

Cost: $7

Expected return to player is $2.

Therefore Loss (to player) is Cost minus Expected return

= $7 - $2 = $5 <---- expected value for the carnival to gain,

The loss to the player is the carnival's gain. It's $5.

8 0
3 years ago
Read 2 more answers
The following information is available for completed Job No. 402:
Margarita [4]

Answer:

b. $140000.

Explanation:

We know that

cost of finished goods in stock= (total production cost ÷ number of units produced)×number of units unsold

= [(170000+230000+160000)/8000]*(8000-6000)

= $140000

Option b) is the correct answer

7 0
3 years ago
all of the company's earnings kept rather than distributed to stockholders decreased by dividends decreased by purchases of land
andre [41]

Retained Earnings are increased by net income, decreased by dividends, sometimes called earned capital and all of company's earnings kept rather than distributed to stockholders.

Are Retained Earnings the Same as Profits?

Profits do not deduct dividend payments from a company's profit, whereas retained earnings do. This is the major distinction between retained earnings and profits. Profits may suggest a corporation has a positive net income, whereas retained earnings, depending on the number of dividends given to shareholders, may show a company has a net loss.

Why retained earnings is important?

Retained earnings can assist a business raise the value of its stock, ensuring organizational sustainability, and providing funding for crucial tasks like R&D and expansion without raising debt.

Learn more about Retained Earnings: brainly.com/question/14529006

#SPJ4

5 0
2 years ago
Why should researchers use caution when accessing information from Wikipedia, online forums, and blogs?"
LekaFEV [45]

Answer:researchers should use caution when accessing information from Wikipedia, online forums and blogs.

In conducting research for homework or an academic paper, you are basically conducting a search for facts: little tidbits of truth that you will assemble and arrange in an organized fashion to make an original point or claim. Your responsibility as a researcher is to understand the difference between fact and fiction, as well as the difference between fact and opinion.

When beginning your next assignment that requires sources, consider the credibility of those sources before including them in your final project.

Here are some common sources to avoid; each of these may include opinions and works of fiction disguised as facts.

Blogs

As you know, anyone can publish a blog on the Internet. The problem with using a blog as a research source is there no way to know the credentials of many bloggers or to get an understanding of the writer’s level of expertise.

People often create blogs to give themselves a forum to express their views and opinions. And many of these people consult less than reliable sources to form their beliefs. You could use a blog for a quote, but never use a blog as a serious source of facts for a research paper.

Wikipedia is not a reliable source. Wikipedia can be edited by anyone at any time. This means that any information it contains at any particular time could be vandalism, a work in progress, or just plain wrong. ... Wikipedia generally uses reliable secondary sources, which vet data from primary sources.

Same also goes with online forum

6 0
3 years ago
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