The Answer is A Paying attention to detail I just took the Apex test
Answer:
violation/accident.
Explanation:
Its violation because its a violation to the property, but you also can use accident because it mean a situation not done on purpose or something unexpected which will cause damage or injury.
The answer for this question would then be c. Hope it helps!
Answer:
$237,630
Explanation:
Windsor report as its December 31 inventory:
= Inventory in hand as per physical count + Goods purchased from P corporation under FOB shipping basis + Cost of goods sold to A company under FOB destination basis
= $191,500 + $24,510 + $21,620
= $237,630
Therefore, the amount to be reported by Windsor company is $237,630.
Answer:
True or False Statements about the conceptual framework:
(a) False: The fundamental qualitative characteristics that make accounting information useful are relevance and faithful representation, which suggest materiality and completeness respectively.
(b) False: Relevant information must also be material in a financial statement user's decision, in addition to having predictive and confirmatory values.
(c) False: It is information that is relevant that is characterized as having predictive or confirmatory value, and not information that shows faithful representation.
(d) False: Comparability also refers to comparisons of a firm over time (which is appropriately described as consistency). This is in addition to the similar reporting of information by different companies.
(e) False: Enhancing characteristics do not relate only to faithful representation but also to relevance.
(f) True.
Explanation:
Faithful representation implies completeness. Relevance means that the disclosure will attract important consideration and is material to the matter. Therefore, users of financial reports base their decisions on relevant information and not irrelevant details.
