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Dovator [93]
4 years ago
6

Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values

common to business ethics.A. TrueB. False
Business
1 answer:
sergeinik [125]4 years ago
8 0

<u>Answer: </u>

Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values common to business ethics is a FALSE statement.

<u>Explanation: </u>

  • The GAAP has a wide range of applications owing to the unanimous addition of functions to the discipline of accountancy.
  • Other than GAAP, certain countries and businesses follow the accounting methods given by 'other comprehensive basis of accounting' (OSBOA).
  • Some businesses choose to follow both at once, while the majority choose to follow either of them.
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Svetlanka [38]

Accounting information that has verifiability is one that D. must be capable of being checked for​ accuracy, completeness and reliability.

<h3>What is verifiability in accounting?</h3>

in accounting, data is considered to be verifiable if a third party can come up with the same information given the chance.

for this to happen, the data needs to be capable of being checked for completeness and reliability.

find out more on verifiability in accounting at brainly.com/question/17031030.

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2 years ago
A store manager needs to run a report of last month’s sales. The manager would like the report to highlight products that sold o
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6 0
4 years ago
After being served with a summons and a copy of the complaint, what follows next?
Wewaii [24]

Answer:

After being served with a summons and a copy of the complaint, one is expected to answer to these summons. After this, it is advised one goes to the court house and file it with the court. Ensure a copy of your answers are sent to the plaintiff. Answering summons on time gives one an edge and thus, the plaintiff would not be able to request a default judgment.

6 0
3 years ago
Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made
den301095 [7]

Answer:

A

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If he had conducted a focus group the prospective customers would have had the opportunity to explain to him why the price was to high prior to him launching the product.

7 0
3 years ago
Data concerning Farm Corporation's single product appear below:
scoundrel [369]

Answer:

$221,000

Explanation:

Breakeven Point is the level of Sales where business has no profit no loss. At this level of sales the business covers all the varible and fixed expenses.

Contribution margin = Selling Price - Variable cost

Contribution margin = $290 - $78.3

Contribution margin = $211.70

Contribution margin Ratio =

Contribution margin Ratio = Contribution margin / Sales

Contribution margin Ratio = $211.70 / $290

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Breakeven Point = Fixed Cost  / Contribution margin ratio

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Breakeven Point = $221,000

7 0
4 years ago
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