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vovangra [49]
3 years ago
5

Regarding generally accepted accounting principles​ (GAAP), which of the following statements is​ incorrect? A. Relevant informa

tion is​ complete, neutral, and free from error. B. GAAP is currently formulated by the Financial Accounting Standards Board. C. GAAP rests on a conceptual framework that identifies the​ objectives, characteristics,​ elements, and implementation of financial statements. D. The primary objective of financial reporting is to provide information useful for making investment and lending decisions.
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer: The statement "A. Relevant information is​ complete, neutral, and free from error." is​ incorrect

Explanation: The generally accepted accounting principles are a set of rules and norms that serve as an accounting guide to formulate criteria related to the measurement of equity and to the information of the patrimonial and economic elements of an entity. While one of these 14 principles speaks of neutrality in none mentions that Relevant information is complete, neutral, and free from error

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Answer:

The total return on investment for the holding period is 10.5%.

Explanation:

If the consumer bought 100 shares for a value of $ 150, obtaining after a year $ 450 total for dividends and seeing his shares go to a value of $ 161.25, to obtain the total return on investment we must perform the following calculations:

On the one hand, we have a return of $ 450 in dividends, which were paid by the total set of 100 shares, with which each share paid $ 4.50 in that concept.

In addition, we have the increase in the value of the shares, which went from $ 150 to $ 161.25, that is, an increase of $ 11.25 per share, which multiplied by the total of 100 shares gives a total sum of $ 1,125.

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4 0
3 years ago
Which of the following statements is true? A. The law requires a home inspection prior to every property transaction. B. Most ho
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