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GREYUIT [131]
3 years ago
6

The use of accounting information as a tool to communicate without providing any influence that would sway a decision is called

_____________.
Business
1 answer:
svp [43]3 years ago
6 0

Answer:

neutrality.

Explanation:

Information contained in the financial statements must be free from bias. It should reflect a balanced view of the affairs of the company without attempting to present them in a favored light. Information may be deliberately biased or systematically biased.  It is important accounting concept, which means that financial data presented in the financial statements must be clear. It has to be ensured that users without any specific accounting knowledge and specific education are able to understand the information, which is provided.  In case there are certain difficult or complex items included in the financial statements, they should be explained in the notes to the financial statements. he other two accounting concepts applicable to preparation of financial statements is relevance and reliability. The essence of this concept is that only relevant information, which might be useful for the users of financial statements should be presented thereof. Information presented in the financial statement also should be reliable.  All economic substance of the event, transaction must be reflected. Financial statements must include complete records about the business, its results of operations, assets and liabilities and equity.

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Which of the following is one of the main things to consider when evaluating a business opportunity?
nikitadnepr [17]
<h2>Answer</h2>

D) Customer demand for the product

<h3>Explanation</h3>

For a business opportunity to prosper and grow ahead, it is imperative that the offered product or service has actual demand present. If the demand is present, the sales will be automatically achieved. This will result in higher sales and therefore more generation of profits in the future. Without optimal demand present in the economy, it is not worth putting time and efforts in a business.

7 0
4 years ago
Read 2 more answers
The stock of Mulberry Corporation is owned by Archana (60%) and Anar (40%), who are mother and daughter. Pursuant to a plan of c
Phoenix [80]

Answer:

There is loss of $109,120

Explanation:

Lossrecognized=Marketvalue−Purchasevalue

=$1773200-1364000

Therefore, loss recognized by “M” Corporation is $409,200

Determine the gain or loss of A:

LossbyA=Purchasevalue−Liability−ActualbasisofM

=[($1364000-$1091200)×40%]−$218240

=$109120−$218240

=($109,120)  loss

​

4 0
3 years ago
Read 2 more answers
Which of the following statements about roles within groups is true?A. Roles are shared beliefs of how various individuals shoul
In-s [12.5K]

Answer:

(D) Task specialists keep the group moving toward its objective

Explanation:

  • The highest group performance occurs when a highly cohesive group has high-performance norms.
  • Group or Teams can be powerfully effective as a building block for organization structure
  • A team's purpose should be translated into  specific, measurable performance goals.
  • The key element of effective teamwork is the commitment to a common purpose.
  • Teams are now used by almost all companies to produce goods and services, to manage projects, and to make decisions about running the company.

Hence, the statement in option (D) is correctly fitted.

6 0
4 years ago
An entrepreneur would most likely be a
Alexus [3.1K]

Answer:

C) person who works well alone

Explanation:

5 0
3 years ago
If gdp is $20 trillon, how many years will it take for gdp to increase to $40 trillion if annual growth is 10 percent?
ElenaW [278]

It will take 7 years.

Given GDP is $20 trillion and increased GDP is $40 trillion.

Gross domestic product (GDP) is the standard measure of  value added generated by the country's production of goods and services over a certain time period. GDP is the total monetary or market worth of all completed products and services produced within a country's boundaries in a certain time period.

As such, it also accounts for the money generated by such output, as well as the overall amount spent on final products and services (less imports).

Time take to reach $40 trillion is to be found.

Formula to find the time taken to reach $40 trillion  is given below:

F = P *(1+i) ^t

Here,

F = 40,

P = 20,

I = 10%

Now put the values in the formula given above.

F = 0.1040 = 20 × (1+0.10) ^t(1.10)^t

  = 40 / 20

  = 2

Taking log both sides t = log 2 / log 1.10  

                                    = 7.27 yrs or 7 yrs

Therefore, it will take 7 years.

To know more about GDP click here:

brainly.com/question/1383956

#SPJ4

8 0
2 years ago
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