1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
miss Akunina [59]
3 years ago
12

A Statement of Financial Position is a formal statement presenting the three accounting elements which are?

Business
1 answer:
RSB [31]3 years ago
4 0

The financial statement called the Statement of Financial Position is also known as the Balance Sheet.

The three accounting elements that are included on this statement are the Assets, Liabilities and Owner’s Equity.

You might be interested in
The _____ is used to measure price changes in commonly used goods and services, such as food and housing. real inflation, hyperi
Marina CMI [18]
Consumer price index is correct hope i am brainliest i need it 
5 0
3 years ago
If you wished to leverage the ubiquitous nature of the web to differentiate your product, you would:
Cloud [144]
I had to look for the options and here is my answer:

What you would do if you prefer to leverage the pervasive nature of the web in order to present the difference of your product is enable individual customization of the product by the consumers. (This answer is based on the actual options attached to this question.)
6 0
3 years ago
Accrued salaries owed to employees for October 30 and 31 are not considered in preparing the financial statements for the year e
alexgriva [62]

Answer:

Indication of items erroneously stated on:

A) the income statement for the year

Salaries Expense will be understated.

Therefore, the Net Income will be overstated.

B) the balance sheet as of October 31:

Salaries Expense Payable (current liabilities) will be understated.

Explanation:

When accrued salaries are not accounted for in the financial statements for an accounting period, it means that the revenues generated for that period are not being matched with the expenses incurred in generating the revenues.  Such omission does not agree with the accrual concept and the matching principle of generally accepted accounting principles.  These require that expenses are accrued whether paid for or not, and that expenses are matched to the period's revenue since they are necessarily incurred in generating such revenue.

7 0
3 years ago
Briefly explain two ethical values that are necessary for all accountants.
mote1985 [20]

Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.

8 0
3 years ago
charmaine earns $11 an hour at her parttime job. show that the relationship between the amount she earned and the number of hour
AURORKA [14]

Answer:

y = 11 x

Explanation:

The relationship between two variables x,y is said to be a proportional relationship if the ratio between the values of the two variables is constant:

\frac{y}{x}=k (3)

where k is the a constant value valid for all pairs (x,y).

In this problem, we are told that Charmaine earns $11 per hour. Here we call:

y = amount of money earned

x = time

We can see that the relationsip between x and y is proportional. In fact:

- after 1 hour, Charmaine has earned $11 (1)

- after 2 hours, Charmaine has earned $22 (2)

.. and so on

For (1), we find

\frac{y}{x}=\frac{11}{1}=11 so k = 11

For (2), we find

\frac{y}{x}=\frac{22}{2}=11 so k = 11

So, k = 11 for every pair (x,y), so the two variables have proportional relationship.

Moreover, we can write an equation that relates the two variables re-arranging eq.(3).

y=kx\\\rightarrow y=11x

6 0
3 years ago
Other questions:
  • Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i
    11·2 answers
  • What is the purpose of using two different techniques to determine the densities of these two metals?
    12·1 answer
  • Which of these employee's primary duty is to see that the shop is run efficiently and that customers are satisfied with the serv
    13·2 answers
  • The following monthly data are available for Coronado Industries. which produces only one product: Selling price per unit, $38;
    13·1 answer
  • Executives at southwestern construction have noticed that the company's construction team in the phoenix office is more efficien
    7·1 answer
  • Who would be MOST likely to invest in a BDC?
    8·1 answer
  • PLEASE LEAVE A COMMENT EVEN IF THERE ARE TWO ANSWERS! Hi, I am picking a name for my coffee shop, I was thinking CoffeeCake beca
    14·2 answers
  • getting along with people, the ability to communicate with your peers, organizational skills, and being able to write well are a
    6·1 answer
  • Hey i need Gilmjr9740 and cookie on my question
    15·1 answer
  • Which is NOT a factor of production?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!