Answer:
The correct answer is letter "D": Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution.
Explanation:
According to the Generally Accepted Accounting Principles (GAAP) <em>income tax accounting, cash basis accounting, modified cash basis of accounting, </em>and <em>basis of accounting to comply with a mandatory governmental authority </em>are valid to prepare financial statements. Any other method is forbidden.
Answer:
Annual depreciation= $12,970
Explanation:
Giving the following information:
Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,650 at the end of five years.
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (72,500 - 7,650)/5
Annual depreciation= $12,970
The questions which would result in data that is categorical are:
- Is your job as an IT administrator stressful?
- What is your biggest source of stress?
- How has your job impacted your personal life?
- Have you ever considered switching careers because of on-the-job stress?
<h3>What is a numerical data?</h3>
A numerical data is also referred to as a quantitative data and it can be defined as a data set that is primarily expressed in numbers only. This ultimately implies that, a numerical data refers to a data set consisting of numbers rather than words.
<h3>What is a categorical data?</h3>
A categorical data can be defined as a type of statistical data that is used to group information that are having the same attributes or characteristics.
In Science, some examples of a categorical data include the following:
- Age
- Gender
- Race
- Religion
- Class
In conclusion we can infer and logically deduce that the questions above would result in data that is categorical.
Read more on categorical data here: brainly.com/question/20038845
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Explanation:
I disagree with this argument, it can be said that the secondary market is equally or more important than the primary market, due to the fact that it is the secondary markets that determine what will be the prices that the companies that issue bonds will sell in the primary market.
Secondary markets can also be considered to be responsible for making securities easier to sell in the primary market due to their greater liquidity.
