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marysya [2.9K]
3 years ago
6

A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely

be suspicious of the new transaction if: no accounting standard exists that applies to the transaction. management has not explained its business purpose. the transaction is not governed by existing regulations.
Business
1 answer:
slega [8]3 years ago
4 0

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

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Identify whether each of the following statements identifies a microeconomic issue or a macroeconomic issue.
Alex777 [14]

Answer:

a. Mika negotiates a long-term contract for capital equipment for her property management business.

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

a. Mika negotiates a long-term contract for capital equipment for her property management business. Thus it is a Microeconomic issue

4 0
3 years ago
The journal entry a company records for the issuance of bonds when the contract rate is less than the market rate would be______
dangina [55]

Answer:

b. debit Cash and Discount on Bonds Payable, credit Bonds Payable.

Explanation:

Since the contract rate is less than the market rate, the bond is issued at a discount. And, the journal entry is shown below:

Cash A/c Dr XXXXX

Discount on bonds payable A/c XXXXX

     To Bonds payable A/c XXXXX

(Being bond is issued at a discount is recorded)

When the bond is issued at a discount, we debited the cash account and  the discount on bonds payable and credited the bonds payable account

7 0
3 years ago
What must a firm that pursues a cost-leadership strategy do in order to nurture and constantly upgrade core competencies in manu
gtnhenbr [62]

The firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or  skills demanded.

Firms that adopt the Cost leadership strategy does so to earn higher returns and competitive advantages through of offering of products at lowest prices in the market.

The core competencies in manufacturing and logistics includes pro-activeness, ability to handle documents properly, strategic thinking, forward thinking, logical decision-making, networking abilities etc

However, the firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or  skills demanded.

Read more about this here

<em>brainly.com/question/6214273</em>

7 0
2 years ago
Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue $ 250,000 Income tax
frutty [35]

Answer and Explanation:

The preparation of the multiple step income statement is presented below

Sales revenue $250,000

Less: cost of goods sold -$180,000

Gross profit $70,000

Less

Selling expenses 50,000

Administrative expenses 30,000

General expenses 40,000

Total operating expenses -$120,000

Non operating revenue $100,000

Income before income taxes $50,000

Less: income tax expense -$20,000

Net income $30,000

4 0
2 years ago
When an employee's behavior does not improve over time through progressive disciplinary measures, ____ is the final option.
Hunter-Best [27]

Answer:

Discharge.

Explanation:

This is seen to be a formal way of relieving an employer off his duties due to many wrong reasons which can be easily tagged misconduct. This is is not the first step of the disciplinary action as verbal warnings and other written warnings must have been sent to the said employee(s) before dismissal. Which is seen to be the final step by the employer. Some employees are seen to try to appeal this termination as most cases is seen to be failed attempts as their cases has already been settled by the panel.

8 0
3 years ago
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