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polet [3.4K]
3 years ago
7

Does GAAP routinely require companies to disclosure forecasts of financial variables to external users? Indicate yes or no and e

xplain how your answer relates to the qualitative characteristics of accounting information.
Business
1 answer:
Andrei [34K]3 years ago
4 0

Answer:

No, they don´t.

Explanation:

Forecast is not required by GAAP, as the <u>Relevance</u> and the <u>Faithful</u> <u>Representation</u> are concepts that are not compatible with data projection.  Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.

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An investor who goes short in a futures contract will _____ any increase in value of the underlying asset and will _____ any dec
Mumz [18]

An investor who goes short in a futures contract will pay any increase in value of the underlying asset and will receive any decrease in value in the underlying asset

<h3>Who is an investor?</h3>

An investor is an individual who has invested certain amount of money in a business, firm or organization.

There is an agreement on the amount invested and how profit will be shared in the business.

Therefore, an investor who goes short in a futures contract will pay any increase in value of the underlying asset and will receive any decrease in value in the underlying asset.

Learn more on investor here

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8 0
2 years ago
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common
Viktor [21]

Answer:

June 30, repurchase of 100 shares:

Dr Treasury stock 4,000

    Cr Cash 4,000

Explanation:

The other journal entries should be as follows

July 20, resale of 50 shares:

Dr Cash 2,300

    Cr Treasury stock 2,000

    Cr Additional paid in capital 300

August 1, resale of 20 shares:

Dr Cash 760

Dr Additional paid in capital 40

    Cr Treasury stock 800

3 0
3 years ago
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3 0
3 years ago
As the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units. Are X and Y sub
Darina [25.2K]

Answer: Substitute

Explanation:

Substitute goods are the goods that can be used for the same purpose. Complement are the goods that are used together e.g. car and petrol.

It should be noted that when the price of a good increase, people move to the substitute and this will being about the rise in the quantity demanded of the other good.

Therefore, as the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units shows that the are substitutes.

4 0
3 years ago
Even though the remainder of this assignment will focus on motivation, there are two additional determinants of job performance.
Marat540 [252]

Answer:

The answer is Job perfomance= Motivation x Ability x Situational x Constraints

Explanation:

Because in this formula, job performance is how well someone performs the requirements of the job, motivation is the degree to which someone works hard to do the job well, ability is the degree to which workers possess the knowledge, skills, and talent to do the job well, and situational constraints are factors beyond the individual control of the empolyees. Such as policies, resources. Since job perfomance is a multiple function of motivation times ability times situational constraints, the job performance wil decline if one of those elements is considered insuficient.

6 0
3 years ago
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