Answer:
A) Comparability.
Explanation:
According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.
If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.
Answer:
b. dependable and diligent
Explanation:
A manager who is punctual, completes his daily task on time and one who who himself sets the performance standards, leads by example.
Dependability refers to reliability which can be placed upon an individual in the times of uncertainty. This also refers to the trust an individual earns.
Diligence refers to how sincerely and honestly an individual discharges his duties. It also refers to exercise of conscience by an individual.
Thus, the two traits depicted in the given information relate to dependable and diligent.
The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company.
Answer:
d.income statement immediately after income from continuing operations.
Explanation:
We should look at what the accounting principles and normatives threatment suggest.
As the firm should firm indicate the resulf the going business the discontinued operation should be disclosure separately from it. Thus, once complete the disclosure of the continued operation the firm should post the loss on this discontinued operation