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lorasvet [3.4K]
3 years ago
7

Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users

should be reported in the financial statements? Going concern. Historical cost. Full disclosure. Matching.
Business
1 answer:
sladkih [1.3K]3 years ago
7 0

Answer:

The answer is: full disclosure principle

Explanation:

Full disclosure principle in accounting refers to the requirement that businesses are supposed to provide all material information pertaining to their operations to the stakeholders of the business so as to facilitate better decision-making frameworks when evaluating the business.

The going concern principle is based on the assumption that the business will not cease operating in the foreseeable future. The matching principle requires that the expenses incurred in carrying out an economic activity are recorded in the same period as the revenues earned from that activity. The historical cost principle requires assets or liabilities to be recorded at their acquisition value.

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The three steps for it security management controls and implementation are: prioritize risks, respond to risks, and?
poizon [28]

The three steps for IT security management controls and implementation are: prioritize risks, respond to risks, and monitor risks.

The IT Security Management focus on identifying security risks arising at time and take countermeasures accordingly. They controls risks on the information system through three steps. They are:

  • prioritize risks
  • respond to risks
  • monitor risks

The IT security management is implemented to ensure that the risk management is done properly. It evaluates the effectiveness of security controls. They first identify the risks and then start to respond to the risks by evaluating its potentials. Even after implementing a risk tolerance and management processes, they continue to monitor the risks as well.

Learn more about risk management at brainly.com/question/16781966

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7 0
1 year ago
If we are told specifically to pay attention to a particular element of a decision or event, we are likely to miss all of the su
suter [353]

Answer:

a. inattentional blindness

Explanation:

The inattentional blindness is a phenomena in which an individual fails to notice the surrounding details which are clearly visible to the individual that may unexpected or unnecessary for the individual as the individual has his attention on some another thing which can be an event or the task or some object.

7 0
3 years ago
Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactu
docker41 [41]

Answer:

The correct answer is: Cost of goods sold=$844000

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

COGS=Beginning Inventory+Production during period−Ending Inventory

Cost of goods manufactured= production during the period

COGS= 332000+866000-354000=$844000

8 0
3 years ago
The components of global market assessment include all of the following except:______. a. ethnic analysis. b. infrastructure and
snow_lady [41]

Answer:

a. ethnic analysis

Explanation:

  • There are four components of the global marketing analysis that includes the global market assessment and economic analysis and social-cultural analysis along with the infrastructural and the technical analysis.
  • Also an analysis of the government actions. Except for the ethical analysis of the company. As it's concerned with the assessment of the marketing conditions.
4 0
3 years ago
Which statement best describes a pure market economy ?
grandymaker [24]

A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.

8 0
3 years ago
Read 2 more answers
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