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amm1812
4 years ago
13

Select the correct answer.

Business
1 answer:
Softa [21]4 years ago
6 0

Answer:

Generally Accepted Accounting Principles (GAAP)

Explanation:

Generally Accepted Accounting Principles (GAAP) comprises guidelines, procedures, rules, and accounting standards developed for use when recording and reporting financial information.  The Financial Accounting Standards Board (FASB) is responsible for developing and issuing the GAAP.  Accountants working for public companies in the USA must follow GAAP while preparing financial statements.

By using GAAP, financial information gains uniformity across the country irrespective of the type of business. A comparison of financial data between companies and periods becomes possible.

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What is one way that the government cannot prevent a budget deficit?
Anna007 [38]

Answer:

The answer is Selling Stocks

3 0
3 years ago
Tiscara Company manufactures insulation and applies manufacturing overhead costs to production at a budgeted indirect-cost rate
likoan [24]

Answer:

$52,500

Explanation:

Manufacturing overhead are allocated at a rate of $15 per direct labor-hour.

Allocated manufacturing overhead:

= Number of direct labor hours × Manufacturing overhead rate per direct labor hour

= 3,500 hours × $15

= $52,500

Therefore, the actual amount of manufacturing overhead costs incurred in June 2015 totals $52,500.

3 0
3 years ago
On March 1, 20X4, Fine Co. borrowed $10,000 and signed a two-year note bearing interest at 12% per annum compounded annually. In
Marrrta [24]

Answer:

$2,320

Explanation:

the interest accrued by February 28, 20X5 = $10,000 x 12% = $1,200

since the interest compounds yearly, the interest accrued by December 31, 20X5 =  ($11,200 x 12% x 10/12) + $1,200 = $1,120 + $1,200 = $2,320

Compound interest means that earned interest will earn more interest itself in the next period. That is why you need to include the previously accrued interest in the interest calculation for the second part.

6 0
3 years ago
Angelina recently left her job at a large corporation to start her own business. She knows that her decision comes with risk, bu
sp2606 [1]

Answer: An entrepreneur

Explanation: An entrepreneur is an individual who takes the risk of opening a new business from nothing. An entrepreneur takes the risk to nurture a business from it's early days upto when the business fully takes shape.

Angelina is a typical example of an entrepreneur taking the risk of leaving her paid job to open a business from scratch, bearing all the risks involved in setting up a business.

5 0
4 years ago
When negative externalities are present in a market
Nikitich [7]

Answer:c

Explanation:

5 0
4 years ago
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