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Alekssandra [29.7K]
3 years ago
11

Consolidated financial statements are prepared when a parent-subsidiary relationship exists in recognition of the accounting con

cept of A. Materiality. B. Entity. C. Verifiability. D. Going concern
Business
1 answer:
soldier1979 [14.2K]3 years ago
6 0

Answer:

The correct answer is letter "B": Entity.

Explanation:

The Accounting Entity principle or Economic Entity principle states that a commonly co-owned group of businesses can entitle to be a single entity with the purpose to generate a consolidated financial statement. A business entity could be considered to be a sole proprietorship, partnership, or corporation.

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Suppose NoGro, Inc. has just issued a dividend of $2.90 per share. Subsequent dividends will remain at $2.90 indefinitely. Retur
ira [324]

Answer:

Value of one share will be $19.33

Explanation:

We have given dividend every year = $2.90

Required rate of return = 15 %

We have to find the value of one share

Value of one share will be equal to ratio of dividend per year to the required rate of return

So value of one share =\frac{2.90}{0.15}=19.13

So value of one share will be $19.33

5 0
3 years ago
Can you explain operating income
Sveta_85 [38]

Answer:

an accounting figure that measures the amount of profit realized from a business's operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold

Explanation:

shows your business's ability to generate earnings from its operational activities.

Operating income is a company's profit after deducting operating expenses

Operating income is the sum total of a company's profit after subtracting its regular, recurring costs and expenses.

3 0
3 years ago
Suppose you earn $40,000 per year and pay taxes based on marginal tax rates. The first tax bracket, which taxes at 10 percent, r
Korolek [52]

Answer: $7,000

Explanation:

given data:

income yearly = $40,000

tax rate = 10% for first $20,000

25% for next $21,000 - $80,000

solution:

tax payable for first $20,000

this is gotten by multiplyomg the tax rate with the first $20,000 income earned.

= 0.1 * $20,000

= $2,000

tax payable for next 21,000 - $80,000

= 0.25 * $20,000

= $5,000

total tax payable = $2,000 + $5,000

= $7,000

3 0
3 years ago
. Which is NOT a principle of organic farming? (a) Avoiding synthetic fertilizers (b) Keeping as much organic matter as possible
Scilla [17]

Answer: Avoiding the use of fossil fuels

                                               

Explanation:  

There are four principles of Organic Farming which are as follows :-

1. Such farming should sustain and enhance the health of soil, plants, animals as well as of humans.  

2. Such farming should be based on the living ecological systems and cycles and help sustain them.

3. Thus kind of farming is build on relationships that ensure fairness with regard to common environment and life processes.

4. Such farming should be managed in a precautionary and responsible manner to protect the health and well being of current and future generations.

Hence the correct option is A .

8 0
3 years ago
Weyerhaeuser is evaluating its complete product mix. It wishes to decrease marketing expenditures and streamline its product off
Fofino [41]

Answer:

Decline

Explanation:

The product life cycle time can be defined as the process that a product undergoes beginning right from it's inception into the market until it declines or is removed from the market. The product life cycle has four stages namely:

- Introduction

- Growth

- Maturity

- Decline.

In the decline stage the sales of the product reduce drastically at a very high rate. The organization tends to lose a lot of shares in the market.

In the decline stage the product is threatened with low sales and eventual removal from the market if the company does not come up with a new designing and rebranding approach.

5 0
4 years ago
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