1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataliya [291]
3 years ago
13

Match each item (characteristics, assumptions, principles, and constraint guide the FASB when it creates accounting standards) w

ith a description below. Items not easily quantified in dollar terms are not reported in the financial statements. Accounting information must be complete, neutral, and free from error. Personal transactions are not mixed with the company's transactions. The cost to provide information should be weighed against the benefit that users will gain from having the information available. A company's use of the same accounting principles from year to year. Assets are recorded and reported at original purchase price. Accounting information should help users predict future events, and should confirm or correct prior expectations. The life of a business can be divided into artificial segments of time. The reporting of all information that would make a difference to financial statement users. The judgment concerning whether an item's size makes it likely to influence a decision-maker. 10. Assumes a business will remain in operation for the foreseeable future. 12. Different companies use the same accounting principles. Materiality Clic Economic Entity Assumption ork for this question Open Show Work Going Concern Assumption Faithful Representation Cost Constraint Historical Cost Principle Monetary Unit Assumption Comparability Question Attempts: 0 of 3 used SAVE FOR LATER Full Disclosure Principle Relevance olicy Consistency nca All Rights Reserved. A Division of John Wiley & Sons Inc. Periodicity Assumption
Business
1 answer:
Ira Lisetskai [31]3 years ago
7 0

Answer:

The answers are,

Items not easily quantified in dollar terms are not reported in the financial statements.

Monetary Unit Assumption

Accounting information must be complete, neutral, and free from error.

Faithful representation

Personal transactions are not mixed with the company's transactions.

Entity Assumption

The cost to provide information should be weighed against the benefit that users will gain from having the information available.

Cost constraint

A company's use of the same accounting principles from year to year.

Consistency

Assets are recorded and reported at original purchase price.

Historical Cost

Accounting information should help users predict future events, and should confirm or correct prior expectations.

Relevance

The life of a business can be divided into artificial segments of time.

Periodicity assumption

The reporting of all information that would make a difference to financial statement users.

Full Disclosure principle

The judgment concerning whether an item's size makes it likely to influence a decision-maker.

Materiality

10. Assumes a business will remain in operation for the foreseeable future.

Going concern

12. Different companies use the same accounting principles

Comparability

Explanation:

You might be interested in
IRB continuing review of a greater than minimal risk approved protocol that is currently enrolling subjects must ______________-
Stolb23 [73]

Answer:

Occur at least annually

Explanation:

Greater than minimal risk protocols that have been approved must undergo review at least once a year. However IRBs usually specify a shorter period than this for reviews. The principal investigator holds the duty of ensuring that signed consent forms are kept confidential. The IRB are not required to review these confidential forms.

6 0
3 years ago
What were the goals of the truman doctrine and marshall plan?
Colt1911 [192]
The goal was to help rejuvenate Europes among with other countries economic, political, and social status and to build them back up after WWII, not only that but it was more of. Humanitarian deed, to help those in need and to help them rebuild their lives.
3 0
2 years ago
A letter provided by the tenant to the landlord, which assures that their lease is binding, accurate, and being paid upon, is kn
olga_2 [115]

A letter provided by the tenant to the landlord, which assures that their lease is binding, accurate, and being paid upon, is known as an estoppel letter.

Letters have long been an essential supply of biographical information, and an effective device for historians of all kinds. They permit the reader to peek backstage and might offer a feel of intimate expertise of historic subjects, even supposing this intimacy is borrowed or stolen.

Informal letters are non-public letters that might be written to allow your buddies or own circle of relatives to realize approximately what goes on in your lifestyle and to bring your regards. A casual letter is typically written to an own circle of relatives member, a near acquaintance, or a friend. The language utilized in a casual letter is informal and non-public.

A letter is stated to be casual while it's far written in a pleasant way, to a person you're acquainted with. Formal letters are written for reputable or expert communication. On the opposite hand, casual letters are used for informal or non-public communication. There is a way prescribed for writing formal letters.

Learn more about the letter here brainly.com/question/9425444

#SPJ4

7 0
11 months ago
A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o
Leona [35]

Answer: it can produce that good using fewer resources than its trading partner

Explanation:

A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.

Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.

6 0
2 years ago
Mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new
Rom4ik [11]
On their classified balance sheet, Mason Corporation would classify this land as <span>a long-term investment.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
7 0
3 years ago
Other questions:
  • Turbo Technology Corp. recently went public with an initial public offering of 3.03 million shares of stock. The underwriter use
    10·1 answer
  • Which of the following choices is an example of an intangible item??
    8·1 answer
  • The amount of the check is written in how many places?
    14·2 answers
  • HH is a 68 yo M who has been admitted to the medical ward with community-acquired pneumonia for the past 3 days. His PMH is sign
    15·1 answer
  • The annual percentage rate on a credit card determines _______.
    13·2 answers
  • 12. At the beginning of 2016, Yiwang PLC had assets of ¥540,000 and liabilities of ¥320,000. During the year, assets increased b
    5·1 answer
  • The simplest way for countries to enter into a trade agreement is through signing a treaty to enter a( )with another country.( )
    13·2 answers
  • Strategic Review Process Element
    7·1 answer
  • If one of your other classes has a writing assignment, this would be the perfect opportunity to apply this lesson activity towar
    14·1 answer
  • What are some advantages of walmart purchasing established web businesses?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!