Based on contemporary issues, the reason for the disagreement among financial analysts and finance professors over applying accrual accounting rules to raw cash flow data is that "<u>the disagreement is over the complexity of accrual accounting rules for a company.</u>"
<h3>What are accrual accounting rules?</h3>
Accrual accounting rules are the accounting principle that ensures transactions are recorded when it occurs, with or without receiving the actual cash flows for the transaction.
However, despite the many merits of accrual accounting, its application is more complex than most smaller businesses don't want to use it.
Hence, in this case, it is concluded that the correct answer is "<u>the disagreement is over the complexity of accrual accounting rules for a company."</u>
Learn more about accrual accounting here: brainly.com/question/25817056
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Answer:
The answers are economies of scale, natural monopolies, and lowered average fixed cost.
Explanation:
The explanations for some firms beahvior in determined markets are economies of scale, natural monopolies, and lowered average fixed cost.
Answer:
The correct option is A,can be converted into cash with low transaction costs.
Explanation:
Secondary reserves are the funds invested by bank in short term highly liquid investments,in essence can be converted to cash quickly at very low transaction costs in order to settle unexpected obligations.
Secondary reserves refer to the extra reserves maintained by the banks over and above the minimum regulatory reserve requirement mandated on banks by the Federal Reserve System.The Federal Reserve System as it is popularly known is the central bank in the US.
Answer:
B) $2,000 is taxable and a 10% penalty will be imposed
Explanation:
Coverdell ESA distributions that are not used for qualifying educational expenses must be included in the gross income of the beneficiary and usually will be subject to a 10% tax penalty.
Coverdell ESA contributions are not taxed deductible, but the interest that they earn is not taxed. If the distributions are used to cover qualifying educational expenses, they are not taxed. But if they are not used properly, they must be included in the gross income of the beneficiary and will usually result in a 10% tax penalty (of the unused amount).
