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3 years ago

What is the primary criterion of managerial accounting reports

1 answer:

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What is the primary criterion for the preparation of managerial accounting reports?

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meet managers need
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Answered by The WikiAnswers® Community
Making the world better, one answer at a time.
What is Managerial accounting?
Answered in BUSINESS & FINANCE
What is Managerial accounting?
Managerial accounting is different to financial accounting because it is the one called cost accounting. It is the process in which it is needed to identify, measure, anal… (MORE)
1 person found this useful

Answered by The WikiAnswers® Community
Making the world better, one answer at a time.
Should accountants only focus on financial statements and not on production of managerial reports?
Answered in BUSINESS ACCOUNTING AND BOOKKEEPING
Should accountants only focus on financial statements and not on production of managerial reports?

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Company J acquired all of the outstanding common stock of Company K in exchange for cash. The consideration transferred exceeds

slamgirl [31]

<u>Answer:</u> The amounts have to be determined using fair value for plant and equipment and for long term debt.

<u>Explanation:</u>

Fair value method is based on the market price of the asset. The historical value of the assets is not used to consider the sale price of the asset. Fair value is where Company J and Company K both the parties have to accept the price based on the known facts of the assets.

Company J and Company K should both accept the price out of free will and should not be out of compulsion. Company J can report based on the financial statement fair value of the assets and long term debt.

4 0

3 years ago

Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per un

lubasha [3.4K]

Answer:

Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per unit. A large portion of the finished product is sold to Division B where it is packaged and sold overseas under a different label. The tax rate in Division B's country is higher than the U.S. tax rate. Assume the company desires to minimize the overall tax impact of the transfer (i) what type of relative pre-tax income should each division desire to achieve as a result of the transfer and (ii) what type of transfer price would accomplish your answer to (i).

Dairy Division Income Division B Income Transfer Price .

Option "D" is the correct answer - High Low High.

Explanation:

Since in Division B, the tax rate is higher than the tax rate in US-based dairy division. Therefore to minimize the impact of the overall tax, transfer price from dairy division should be high to Division B so that the dairy division income would be higher. and the income of Division B would be lower.

Hence option "D" is the correct answer.

3 0

2 years ago

Next to the following list of eight characteristics of business organizations, select a brief description of how each characteri

Gemiola [76]

Answer:

1. Owner authority and control - one vote per share, readily transferred

2 Ease of formation - requires government approval

3. Transferability of ownership - readily transferred

4. Ability to raise large amounts of capital - high ability

5. Duration of life - Unlimited

6. Owner liability - limited

7. Legal status - separate legal entity

8. Tax status of income - corporate income is taxed

Explanation:

A corporation is a business type :

1. Ownership of a corporation can be acquired by acquiring shares of the corporation.

2. A corporation requires government approval and a lot of legal requirements before it can be formed.

3. A corporation can raise capital through issuing shares, bonds and borrowing from financial institutions .

4. The liability of shareholders who are the owners are limited to the amount invested.

5. Corporate income is taxed and profit distributed to shareholders are also taxed.

6. A corporation is a separate legal entity.

7. The life of a corporation can be unlimited.

8. One share is equal to one voting right.

I hope my answer helps you

4 0

3 years ago

The primary disadvantage of using ______ is that they may have a low response rate and thus a limited impact on sales.

sweet [91]

money refunds

What is refunds?

Refunds are payments made back to the payer by the original payee. It may be brought on by returned merchandise, an excessive bill, or an excessive tax payment. These possibilities are listed below.

The most frequent way that refunds happen is when a buyer returns products to a vendor and gets a refund right away. Cash or a credit that may be used to buy other products from the seller may be given as a refund.

When the seller first overcharged the buyer, a refund might also be given. In this instance, the overage is reimbursed and the customer is still in possession of the original purchased goods.

Learn more about refunds with the help of given link:-

brainly.com/question/10831744

#SPJ4

8 0

1 year ago

Majority rule, first-come/first-served, and sharing equally are examples of _____ .

Trava [24]

The examples mentioned above are examples of non-market distribution method, Non-market distribution method is a process wherein the distribution products, services, and goods does not have profit motivation. In most cases, products, goods, and services are offered for a low price.

5 0

3 years ago

Read 2 more answers