Explanation:
Fiscal accountability is based on the short-term cash distribution or on the short-term use of government resources; organizational obligations concentrate on effective and productive use of government resources.
Different accounting principles are used to capture these various types of accountability. Fiscal responsibility is achieved by means of the adjusted accrual accounting system where the revenue is recognised in the period measured and available for revenues and expenditures (not expenses) are accepted as needing to be charged out of existing financial capital.
Operational accountability in accounting rules is captured. The emphasis of accrual accounting is on the transfer of economic resources, which allows the identification of revenues and expenses when there is an exchange in economic resources.
D) Expanded craftsmanship because when mass production happens craftsmanship decreases not increases. <span />
Answer; this is true
Because, Foreign exchange risk is divided into three main groups: transaction exposure, translation exposure, and economic exposure. Economic exposure is concerned with the long-run effect of changes in exchange rates on future prices, sales, and costs. This is distinct from transaction exposure, which is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within a few weeks or months
Answer:
(a) Common shares outstanding after stock split:
= 1,000,000
(b) New par value per share = 0.01 × 20
= 0.2
(c) Since, there will be no change in the paid up capital after the reverse stock split. So, there is no need to record journal entry, as it will be accounted as the memorandum.
I would say B is the correct answer
