Answer:
Indeed, a large number of lawsuits enter the American courts year after year. This happens for two main factors:
-First, there is absolute trust in the judicial system of the United States. The citizens trust in the absolute transparency and impartiality of the judges, with which they do not hesitate to go to them to resolve their controversies. Furthermore, the relatively short resolution and sentencing time means that this method is not seen as a waste of time.
-Second, there is a clear lack of communication when doing business. In other words, a culture of judicialization of conflicts has been generated, which means that many controversies that can be resolved privately between the parties end up being the subject of a trial, which saturates the judicial system and breaks trust between the parts.
The responsibility in this matter belongs to the entire society: it is necessary to resume the path of dialogue and joint conflict resolution, instead of going to an impartial third party to do so. The mentality must be changed to achieve a culture of communication that favors joint solutions to society's problems.
Unfortunately, this process takes years and years of education and a change in culture, so that in the coming years a significant change in the number of lawsuits filed in this country should not be expected.
Answer:
The cost of the equipment when it was acquired on January 1, 2011 is $10000
Explanation:
10000÷5=2000
2000*10=20000
20000 80%
X 100% X=25000
25000*20%= 5000 25000-20000=20000
2011 2000
2012 2000
2013 2000
2014 2000
2015 2000 10000
Answer:
balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.
