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likoan [24]
4 years ago
15

The going concern assumption implies that: 1. a firm will continue to be in business for the foreseeable future. 2. a firm will

be going out of business in the near future. 3. a firm will continue to operate in the near future, but only after being acquired by another firm. 4. none of these.
Business
1 answer:
Charra [1.4K]4 years ago
7 0

Answer:

A firm will continue to be in business for the foreseeable future (A)

Explanation:

According to the accounting concept, a firm is a going concern if its financial statement (i.e Income Statement, Cash flow Statement and Statement of financial position ) and other relevant indicators show that it has the ability to continue in the business in the next 12 months (foreseeable future) and there is no intention to shut-down .

However, if there are indicators that show that the firm can't continue in the operation for the next 12 months, its financial statement should be prepared on break-up basis.

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A class of stock that provides no preference rights to shareholders Answer 2 The number of shares currently held by stockholders
elena-14-01-66 [18.8K]

Answer: Please refer to Explanation.

Explanation:

A class of stock that provides no preference rights to shareholders. COMMON STOCK.

The number of shares currently held by stockholders. OUTSTANDING SHARES.

The number of shares sold to stockholders. ISSUED SHARES.

The account used to record the difference when issue price exceeds par value of stock. PAID-IN CAPITAL IN EXCESS OF PAR.

The maximum number of shares a company can issue to shareholders. AUTHORIZED SHARES.

A financial institution that records and maintains records of another company's stockholders. TRANSFER AGENT.

A class of stock having first rights to dividends of a corporation. PREFERRED STOCK.

3 0
4 years ago
A consumer charges a $2,530. 16 purchase on their credit card. The card has a daily interest rate of 0. 42%. If the consumer pay
aleksandr82 [10.1K]

Answer:

C. $31.88 is the correct answer.

Explanation:

8 0
2 years ago
Michael is the owner of a company that manufactures mp3 players for cars. He wants to expand his business, so he decides to laun
Grace [21]

Answer:

B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.

Explanation:

Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.

5 0
3 years ago
The United States imports a lot of cars, despite having its own auto industry. Each of the following statements are arguments so
katovenus [111]

Solution :

a). An Anti dumping laws will prevent any unfair competition.

The foreign companies uses the method of of dumping for selling cars in the country. So US should impose anti - dumping law to prevent this unfair competition in its market. Doing this, the price of the foreign cars will increase and it will help reduce the demand of foreign cars in the US.

b). Protection can help the infant industries to develop.

To prevent the foreign companies from selling their hybrid electric cars in the US at a low price, US should impose high tax on these foreign electric vehicles. Therefore, protection can help the infant industries to develop and it will encourage the production as well as the distribution of the small scale industries in the market.

c). Foreign competition can lead to many job losses.

When an economy is consuming a lot of foreign goods, it will be a tough competition for the domestic manufacturers. The products of the domestic manufacturers will be less demanding and this lead to low production which will affect the manufacturer and therefore, it will lead to losses of jobs and massive unemployment.

4 0
3 years ago
“Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain​
arlik [135]

Answer:

yes i agree

Explanation:

Marketing is an easy task. Its more than legally not allowed from standing your case on a small budget with a limited number of financial resources. It can be a little tricky, it's with people with a certain problem, they're funded by giving you money who they'll never see again. Lining lining. There is an activity type like real type, tag, tag, people, people, real type. in addition to. Cut off a big plane.

7 0
3 years ago
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