Answer:
Comparability means using the same accounting principles from year to year within a company.
Explanation:
Comparability is a term often used in accounting operation to describe the degree or level to which the information shown in the financial statements of a particular company is relative or comparable with other various companies, over a given period of time.
Hence, in this case, the correct answer is "Comparability means using the same accounting principles from year to year within a company." Because the statement is not CORRECT.
Answer:
Transactions included in the calculation of U.S. GDP:
Transaction C I G X M
1. X
2. M
3. I
4. C
5. G
Explanation:
a) GDP constituents:
Consumption (C) = private consumption expenditures by US households and non-profit-making organizations.
Investment (I) = business expenditures by profit-making organizations for purchase of capital goods or input for further processing.
Government purchases (G) = government spendings for public goods.
Exports (X) = Goods and services moved from the US to other countries.
Imports (M) = Goods and services from other countries into the US.
Answer:
A. As operating expenses on the income statement in the period incurred
Explanation:
In Variable Costing, Both Fixed Manufacturing Costs and Non - Manufacturing Costs are treated as Period costs. In Absorption Costing, only Non - Manufacturing Costs are treated as Period costs.
Period Costs can be found under operating expenses on the income statement in the period incurred.
Examples include Advertising, Rentals, Selling and Distribution and any Administration costs.
Answer:
B
Explanation:
Wages are sticky when earnings do not adjust quickly to changes in the market conditions .In some other situations , the rate of can be too slow compared to the rate of changes in the market. That means that every single time that market prices change , wages remain the same or just have a marginal change.
Factors that trigger sticky wages are unemployment ,and roles of the labor union.
Sticky wages can be useful in the sense that it can explain why market might not reach equilibrium in the short run or even in the long run.
