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3 years ago

Which of the following is not true of generally accepted accounting principles?

Business

1 answer:

andrey2020 [161]3 years ago

8 0

Answer:

(A) GAAP does not have substantial authoritative support.

Explanation:

Choices B to C are true about GAAP.

Now, Choice A is not true since GAAP also includes detailed procedures and practices that provide a standard and not only broad guidelines of general application and this will imply that GAAP has a substantial authoritative support.

Also it is called "Generally Accepted Accounting Principles" for this reason.

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An investor wants to save money over a long period of time. This investor does not need to have easy access to the money and is

Mariana [72]

If an investor wants to save money over a long period without easy access to the money and knowing the interest rate will not change, they need A. Bonds.

<h3>What are bonds?</h3>

Bonds are securities that guarantee the return of capital and periodic interests on a long-term basis.

Types of Bonds include:

U.S. Treasury Bonds
Corporate Bonds
Municipal Bonds.

Thus, if an investor wants to save money over a long period without easy access to the money and knowing the interest rate will not change, they need A. Bonds.

Learn more about long-term investments at brainly.com/question/17050326

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2 years ago

The normal form which removes any remaining functional dependencies because there was more than one primary key for the same non

Nookie1986 [14]

Boyce-Codd normal form.

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3 years ago

If we use Country A as the base country to calculate a cost-of-living index comparison to Country B and the index number is posi

arsen [322]

Answer:

Greater than

Explanation:

Answer 1:

If the index number used to calculate prices is positive, then it shows that price level in country B is greater than the price level in Country A which is used as the base year. Thus, the blank can be filled by Greater than.

PPP adjusted GDP in this case in country B will be less than its nominal GDP as price level is higher.

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3 years ago

Read 2 more answers

Which type of lender is most likely to charge the highest interest rate?

jenyasd209 [6]

Answer:

B

Explanation:

Unlike the other options, payday lenders are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.

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2 years ago

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific pa

Bad White [126]

Answer:

B) Abstract and opinion.

Explanation:

Abstract and opinion can also be call Abstract of title:

this is the records or evidence of the full history of the property from the conveyance,wills, legal backing, and the list of those people that as assume ownership of the property for a particular period of time.

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a Abstract of Title or Abstract and opinion.

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3 years ago