Answer:
Relevance and faithful representation
Explanation:
The is a general consensus that accounting information must possess certain basic characteristics for it to be useful to the users of financial statement. The International Accounting Standards Board (1ASB) gave voice to this assertion when it prescribes some basic characteristics of accounting information which are 1. Understandability 2. Relevance 3. Reliability 4. Comparability. 5. Materiality. 6. <em>Faithful representation.</em> 7. Substance over Form. 8. Neutrality. 9. Prudence. 8. Timeliness. 9. Completeness.
Faithful representation is the requirement that financial statement must be accurate and must show a true and fair view of the position of the business.
Answer:
<em>From the example given,the 4 answer s to the question consist of both the demand and supply side, demand side, supply side.</em>
<em>It is explained better in the explanation box below.</em>
Explanation:
<em>Solution to the question</em>
<em> </em><em>Categories</em><em> </em><em>Demand side</em><em> </em><em> Supply side </em><em> </em><em>Both</em>
<em>(1)Increasing spending on ‘Shovel ready”’ projects is on </em><em>Demand Side</em>
(2)Lowering income tax rates at all income level is Both
<em>(3)Research grant for a corporation developing new technologies is on </em><em>Supply side</em>
(4)Stimulus packages for firms that are too big to fail is on Demand Side
(5) Government funded scholarship for college students: is on Supply Side
<h2><em>What "extras" can you include in a nontraditional resume that would not be included in a traditional resume?</em></h2>
- <em>The extra items that you can include in a web resume that would not be included in a traditional resume are graphics, buttons and pictures</em>
<em>hope </em><em>it</em><em> helps</em>
<em>#</em><em>c</em><em>a</em><em>r</em><em>r</em><em>y</em><em> </em><em>on</em><em> learning</em>
Answer:
A. $4200
B. $7,599.20
C. $6,782
D. $3,113
Explanation:see attached file
Answer:
Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.
Explanation:
The time at which records of costs of goods sold is done determines a company`s inventory system.
Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.
Periodic Inventory System
In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is being explained in the question.
Perpetual
The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)
Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.