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Dmitrij [34]
3 years ago
5

Retrospective restatement usually is not used for a Select one: a. Change in accounting principle. b. Change in accounting estim

ate. c. Correction of an error. d. Change in reporting entity.
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

Answer:

b. not used for a change in accounting estimate

Explanation:

The term retrospective restatement refers to adjusting recognition, measurement and disclosure of all the different amounts of the elements in the financial statement to the point that it seems that an error never occurred. That being said a Retrospective restatement usually is not used for a change in accounting estimate

You might be interested in
Business and the Bill of Rights, Thomas worked in the non-military operations of a large firm that produced both military and no
EastWind [94]

Answer:

1.beliefs, actions

2.continue, receive

3.quit voluntarily, be terminated

4.terminate

5.violate

6.violate

7.did

Explanation:

The summary of the the composition above is about thomas who worked for non military arm of his company. He was then transferred to the military arm that specialises in the production of equipments for war.

Thomas then felt this was against his religious beliefs, and he reacted by by resigning from hi job. He applied for unemployment compensation with state but was denied.

This is against the rights of individuals irrespective of there beliefs

the following answers should suffice for the questions.

1.beliefs, actions

2.continue, receive

3.quit voluntarily, be terminated

4.terminate

5.violate

6.violate

7.did

3 0
4 years ago
The crowding-out effect works through interest rates to: 
A. Increase the effectiveness of expansionary fiscal policy
B. Decreas
neonofarm [45]

Answer: Option (B) is correct.

Explanation:

Suppose there is an increase in the government spending which means that it is a expansionary fiscal policy, this will also results in an increase in the government borrowings. Now, this increase in the government borrowings will increase demand for the loanable funds, as a result interest rate increases. This rise in the interest rate will lead to a reduction in investment spending.

Hence, the government spending crowding out the investment spending. Therefore, crowding out reduces the effect of expansionary fiscal policy.

5 0
4 years ago
The income effect of an increase in the price of salmon A. refers to the effect on a​ consumer's purchasing power which causes t
FrozenT [24]

Answer:

The correct answer is option A.

Explanation:

The income effect refers to the change in the quantity demanded of a commodity due to change in the price level because, consumer's purchasing power changes as well.

When the price level increases, the real income of the consumer will fall. As a result, the consumer will demand less.

The income effect can be both direct and indirect.

5 0
3 years ago
What is the sale price of an item that costs $75.00 and is discounted 30%?
Alexxandr [17]

The buyer will pay 70% of the list price. 70% = 0.70. 0.70($75) = 52.50.

The answer is $52.50 dollars.

5 0
3 years ago
Covered interest arbitrage involves both Group of answer choices the purchase of a domestic asset and a spot contract in the mar
shepuryov [24]

Answer:

the purchase of a foreign asset and a forward contract in the market for foreign exchange.

Explanation:

An arbitrage is a type of trade that is caused as a result of market inefficiency.

For example, if a stock is trading at $50 on the London Stock Exchange (LSE) while it is trading for $52 on the New York Stock Exchange (NYSE) at the same time. Philip buys the stock on the LSE and sells the same shares immediately on the NYSE and earns a profit of $2 per share, this is referred to as an arbitrage.

This ultimately implies that, arbitrage allows an individual to profit from the price difference between similar goods, commodity, securities or currency in different markets.

A covered interest arbitrage can be defined as trading strategy in which an investor minimizes his or her currency risk by using a forward contract to hedge against the interest rate difference between two countries i.e the exchange rate risk. Thus, it's considered to be the most common interest rate arbitrage around the world.

Hence, a covered interest arbitrage involves both the purchase of a foreign asset and a forward contract in the market for foreign exchange.

7 0
3 years ago
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