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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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Semenov [28]

Answer:

D

Explanation:

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2 years ago
In an​ economy, the​ working-age population is 100 million. Of this​ total, 80.0 million workers are employed. 3.0 million worke
denis-greek [22]

Answer:

Unemployment rate = 3.6%

Explanation:

Unemployment is the number of people who are willing to work and are actively seeking work but are unable to find it. The unemployment rate is the unemployed / total number of people in the labor force x 100.

In the above scenario, the unemployed is 3 million people. The others are either already employed, unavailable, unwilling or not seeking work.

The labour force comprises of those who are employed and unemployed, that is 80million + 3million = 83 million.

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4 years ago
Ashton, an appraiser, is estimating value using the sales comparison approach. He applies more weight to two comparables over se
alexandr402 [8]

When Ashton, the appraiser applies more weight to two comparables over several others he used, he is utilizing the: Correlation method.

<h3>What is the Correlation Method?</h3>

The correlation method is the method utilized in the sales comparison approach where more importance is given to two properties being compared against some others.

The sales comparison approach itself is used in analyzing the worth of a property by comparing it to others that have been sold in recent times.

Learn more about the sales comparison approach here:

brainly.com/question/14497595

6 0
2 years ago
You are valuing a common stock that just paid a dividend of $1.25 per share. You are expecting the stock to grow at the rate of
Agata [3.3K]

Answer:

Price of stock- $26

Explanation:

<em>Using te dividend valuation model, the price of a stock is the present value of the future cash flows expected from the stock discounted at the required rate of return.</em>

Where a stock is expected  to pay dividend growing at a specific rate, the price of the stock can be dertermined as follows:

Price = D(1+g)/(ke-g)

D -dividend payable now,

Ke-required rate of return,

g - growth rate in dividend

So we can work out the price as follows:

Price = 1.25( 1+0.04)/(0.09-0.04)

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Price =$26

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4 years ago
What are the impact of SMEDAN on entrepreneurship
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2 years ago
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