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zepelin [54]
3 years ago
7

Identify the following characteristics as primarily related to financial accounting​ (FA) or managerial accounting​ (MA):1. Help

s creditors make lending decisions. 2. Helps in planning and controlling operations. 3. Is not required to follow GAAP. 4. Has a focus on the future. 5. Summary reports prepared quarterly or annually.
Business
1 answer:
DaniilM [7]3 years ago
6 0

Answer:

Financial accounting is the aspect of accounting that is concerned with the summary, analysis and reporting of financial transactions related to a business.

While managerial accounting is the aspect of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information to help managers plan for the future, make decisions for the company, and determine if their plans and decisions were accurate and efficient.

1. Helps Creditors make lending decisions is related Financial Accounting.

2. Helps in planning and controlling operations is related to Managerial Accounting.

3. Is not required to follow GAAP is related to Managerial Accounting.

4. Has a focus on the future is related to Managerial Accounting.

5. Summary reports prepared quarterly or annually is related to Financial Accounting.

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The Reid Co. acquired a piece of land for a new factory paying $100,000. Reid demolished the old building at a cost of $20,000,
Julli [10]

Answer:

A$118,000 B.$333,000

Explanation

Land$100,000

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Scrap value(5,000)

Title insurance1,000

Paving assessment2,000

Total land cost($118,000)

B. The cost of the building recorde

d by Reid

Archirectfees$25,000

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Total building cost. $333,000

3 0
3 years ago
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Which statement best describes the rationale behind giving large amounts of financial aid to areas like Europe and later Latin A
notka56 [123]

Answer: A) The United States felt if Europe was financially stable then communism would be less likely to spread.

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3 0
3 years ago
Which management function is also a financial responsibility? A. planning B. organizing C. staffing D. coordinating E. controlli
Luda [366]

Answer:

b staffing is the answer

5 0
3 years ago
The PRIMARY function of banks in the United States is to a) print money b) make banking laws c) build homes and businesses d) pr
Jobisdone [24]
Im pretty sure its D.

it sounds right
:)


5 0
3 years ago
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Tickets to a concert are $35 each. In addition to the cost for the tickets ordered, there is a $15 processing charge per order.
Vesnalui [34]

Answer:

Explanation:

Let the cost of an order = C

Let the number of tickets inside that order = n

Let there be a 15 dollar service charge per order.

================

C = 35*n + 15

5 0
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