Answer:
Comparability
Explanation:
Comparability is a characteristic of the information presentation of accounting information. It is required that the use of standardized accounting principles aid in making the accounts of two different enterprises to be compared to enable decision making among investors or for the allocation of investible resources. Without this comparability it becomes difficult to determine where resources would be put. Comparability can also be applied with the same company when it is able to compare its performance from one period to the other. This is also enabled by the use of standardized principles which have been consistently applied.
Answer and Explanation:
The computation is shown below:
a. The net income is $108,000
b. The dividend for the year is $32,400
c. The total net income is
= $108,000 ÷ 0.25
= $432,000
d. And, the total dividend is
= $432,000 × 0.30
= $129,600
hence, the same would be considered and relevant too
Answer:
The correct answer is letter "B": Total assets.
Explanation:
Total assets refer to the total of assets a business has and from where the institution can obtain a profit. Common assets are cash, accounts receivable, inventory, and intangible assets to mention a few. Assets can be recorded at market value according to the<em> International Financial Reporting Standards </em>(IFRS) but not following the <em>Generally Accepted Accounting Principle</em> (GAAP).
<em>Total assets are recorded on the Company's Balance Sheet and are the default base item for Income Statements.</em>