1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PolarNik [594]
3 years ago
7

An accountant has encountered a perplexing financial reporting issue related to the private college for which he is preparing fi

nancial statements. The issue is not specifically addressed by FASB Statements. To what standards would the accountant first look for guidance?a) GASB Statements.
b) AICPA accounting and auditing guide, Not-for-Profit Organizations.
c) AICPA accounting and auditing guide, Audits of Colleges and Universities and/or AICPA SOP 74-8, Financial Accounting and Financial Reporting by Colleges and Universities.
d) College textbooks.
Business
1 answer:
frez [133]3 years ago
8 0

Answer:

c) AICPA accounting and auditing guide, Audits of Colleges and Universities and/or AICPA SOP 74-8, Financial Accounting and Financial Reporting by Colleges and Universities.

Explanation:

As accounting and auditing guide which is issued by AICPA for health care 3 gives full guidance on how to deal with financial reporting issues for the hospital so the accountant would look into it for any problem related to it.

You might be interested in
Information for Hobson Corp. for the current year ($ in millions):
madam [21]

Answer:

Income before tax of $17,000,000

net income                   $12,750,000

Explanation:

Hobson income from continuing operations can be computed by eliminating transactions relating to discontinued operations from the details provided:

Income from continuing operations     $215,000,0000

additional warranty expense                  ($70,000,000)

additional depreciation                           ($145,000,000)

non-deductible portion of advertising        $17,000,000

income before tax                                        $17,000,000

tax  at 25%*$17 million                                    ($4,250,000)

Net income                                                      $12,750,000  

8 0
3 years ago
ABC Manufacturing uses a Kanban system for a component. The daily demand is 800 units. Each container has a combined waiting and
Rashid [163]

Answer:

6 (rounded up to the nearest whole number)

Explanation:

Number of kaban= Daily demand*lead time in days * ( 1 + safety stock)/quantity in a container

= 800*0.34* (1+9/100)/50

272 * 1.09/50

272* 0.0218

=5.9296

=6 ( nearest whole number)

4 0
3 years ago
For advertising strategies to be effective, they must work within the confines of the overall marketing strategy. T/F
dedylja [7]

Answer:

The correct answer is True.

Explanation:

A marketing strategy helps to create products and services with the best possibilities of obtaining benefits. This is because the marketing strategy begins with market research, taking into account the optimal target customer, what the competition is doing and what trends could be on the horizon.

Using this information, determine the benefit customers want, what they are willing to pay and how you can differentiate the product or service from the competition.

8 0
3 years ago
The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of decl
Liula [17]

The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.
 
The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>
3 0
3 years ago
A sales manager at SFB Industries would like to import leads from a recent event. To ensure efficiency, she would like these to
Sauron [17]

Answer:

3) Create a lead assignment rule

Explanation:

Salesforce uses lead assignment rules to define which sales rep is responsible for generating and supporting a sales lead (potential sale). Each organization is responsible for setting up the specific criteria used to assign sales leads. By using assignment rules this process can be automated.

For example, your lead assignment rule may be based on territory or sales status.

3 0
3 years ago
Other questions:
  • In the presentation we learned that "one exchange rate is the reciprocal of another exchange rate"
    5·1 answer
  • The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previ
    8·1 answer
  • The revenues budget identifies: a. expected cash flows for each product b. actual sales from last year for each product c. the e
    8·1 answer
  • You purchased a share of stock for $29. One year later you received $2.40 as dividend and sold the share for $28. Your holding-p
    7·2 answers
  • An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective
    9·1 answer
  • Do managers manage differently based on where they are in the organization​
    10·1 answer
  • In a natural-language processing (nlp) system, the _____ activity involves accepting human language as input, carrying out the c
    11·1 answer
  • If a company is using the indirect method to prepare the statement of cash flows, a decrease in the inventory account should be
    10·1 answer
  • (02.02 MC) Schleiden concluded all plants are made of cells and Schwann concluded the same thing about animals. Together, how di
    10·1 answer
  • An investor in able inc. would like to understand able's availability of resources to pay its short-term cash requirements. this
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!