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Ede4ka [16]
3 years ago
7

Identify which qualitative characteristic of accounting information is best described in each item below. (Do not use relevance

and faithful representation.)
(a) The annual reports of Best Buy Co. are audited by certified public accountants.
(b) Black & Decker and Cannondale Corporation both use the FIFO cost flow assumption.
(c) Starbucks Corporation has used straightline depreciation since it began operations.
(d) Motorola issues its quarterly reports immediately after each quarter ends.

(1) Comparability
(2) Verifiability
(3) Timeliness
(4) Comparability (consistency)
Business
1 answer:
Lilit [14]3 years ago
4 0

Answer:

Statement (a) = (2) Verifiability

Statement (b) = (1) Comparability

Statement (c) = (4) Comparability (Consistency)

Statement (d) = (3) Timeliness

Explanation:

As for the provided information we have,

Statement (a) = (2) Verifiability

This characteristic refers to the information verified and confirmed to be accurate.

Statement (b) = (1) Comparability

The characteristic of an information which provides the similarity and differences between the two statements is comparability.

As here both the organisations use same cost flow assumption, it makes the data comparable.

Statement (c) = (4) Comparability (Consistency)

There is a consistency, that means use of same policy from a long time, and not changing it.

Here, the company is using straight line depreciation since its incorporation, and thus it is consistent with its policies.

Statement (d) = (3) Timeliness

Timeliness as the name suggest refers to the preparation of statements within the time relevant for preparing such statements.

As the quarterly statements are to be prepared in the quarter end resulting in benefit to the users of such reports, it is a timely information.

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The correct answer is d. the supply of currency in the foreign exchange market, and the demand for loanable funds.

Explanation:

In an open economy, we must add the external sector, which includes the Trade Balance or net exports and the Capital or Financial Balance.

Net exports, being part of aggregate expenditure, are incorporated into the SI. However, the inflows and outflows of payment commitments or international financial assets are recorded in the capital account, which gives rise to a new curve, the BB.

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Under a fixed exchange rate, the variable that is permanently and permanently adjusted to an imbalance in the money market is international reserves.

Under the flexible exchange rate, the adjustment variable is the exchange rate.

With a fixed exchange rate, an increase in the money supply pressures upward on the level of domestic prices, which encourages imports and discourages exports, causing us to lose competitiveness against our business partners. This translates into a permanent and definitive loss of international reserves, which thus constitute the adjustment variable, that is, the monetary phenomenon.

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3 years ago
The average annual stock return is 11.3%. If you begin your investment portfolio with $2,000, what will your portfolio be worth
Natasha_Volkova [10]

Answer:

6780$

Explanation:

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meriva

Answer:

A<u> </u><u>bond</u> will pay income based on an interest rate, while a <u>stock </u>may give dividends to investors. Both interest income and dividends contribute to the <u>return</u> on an investment.

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PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!!!!!!!!
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Answer:

Hola Amigo! Here's ur answer :D

Explanation:

The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

Happy to Help!

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