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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.

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Mrs. Jones owns stock from which she received $3,000 in cash dividends. Mr. Jones owns stock from which he received $400 in cash
Nookie1986 [14]

Answer:

$3,400

Explanation:

Calculation for How much of the cash dividends received are Mr. and Mrs. Jones liable for

Cash dividends received=Cash Dividend+ Cash Dividend

Cash dividends received=$3,000+$400

Cash dividends received=$3,400

Therefore the amount of the cash dividends received are Mr. and Mrs. Jones liable for when filing their joint return is $3,400 reason been that Cash dividends received by a person or an individual are totally taxable which is why the total amount of $3,400 was liable for taxes.

5 0
3 years ago
Two-year-old sarah's parents are trying to get her to go to bed each night at 7:00. on the first 3 nights of this new regimen, s
Rufina [12.5K]

The crying will be more difficult to control if they do not stick to a consistent reinforcement plan.

The partial reinforcement effect says <em>resistance </em>to learning is greater when the good/bad behavior is only reinforced part of the time.

5 0
3 years ago
True or False. Within an Agent Handler group, if the handler with the highest priority is unavailable, the agent will fall back
Elodia [21]

Answer:

True

Explanation:

Given that, according to Configuring ePolicy Orchestrator of Agent Handlers Group, Handler priority helps to inform the agents which handler to approach with first.

However, in situations whereby the handler with the highest priority is unavailable, the agent falls back to the next handler in the list.

Hence, in a situation like this, the correct answer is TRUE

4 0
3 years ago
Matching Exercise: Match the type of bond to its definition. a)The Catastrophe Bond: b)A Warrant Bond: c)An Income bond: d)A Con
RUDIKE [14]

Answer:

Match the type of bond to its definition.

a)The Catastrophe Bond:

This bond is security emitted by a company to raise funds in the form of debt because it suffered a natural disaster and needs liquidity.

b)A Warrant Bond:

This type of bond is emitted by a company to favor the holder for the right to buy a stock at a price that will be decided by the company at the moment of the warrant bond expedition. This price is not linked to the market stock price at the moment of execution.

c)An Income bond:

This security is a bond that compromises the company to pay the established amount if the company makes enough earnings to issue the fraction established of the debt,

d)A Convertible bond:

This type of security provides a stable payment for the holder as payment for the lending of a certain amount of money. However, it has a special right to be converted in stock if the holder wants it.

e)A Put bond:

This type of security compromises the issuer to buy a certain stock from the holder at a certain price with a certain duration.

Explanation:

The reasons to back this answer are:

a)The Catastrophe Bond:

This bond is security emitted by a company to raise funds in the form of debt because it suffered a natural disaster and needs liquidity. This is a very effective bond to issue debt in any unexpected event.

b)A Warrant Bond:

This type of bond is emitted by a company to favor the holder for the right to buy a stock at a price that will be decided by the company at the moment of the warrant bond expedition. This price is not linked to the market stock price at the moment of execution. This is a very good bond to reward management for good results.

c)An Income bond:

This security is a bond that compromises the company to pay the established amount if the company makes enough earnings to issue the fraction established of the debt, This is a very good bond to not compromise to use a payment of a debt, and keeping it outside a bad scenario for the company.

d)A Convertible bond:

This type of security provides a stable payment for the holder as payment for the lending of a certain amount of money. However, it has a special right to be converted into stock if the holder wants it. This bond is very good to increase the stocks in the market and reduce the sare price to pump it.

e)A Put bond:

This type of security compromises the issuer to buy a certain stock from the holder at a certain price with a certain duration. This type of bond is very good to sell short the position of a company with bad performance.

3 0
3 years ago
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
MA_775_DIABLO [31]

Answer:

$854.81

Explanation:

The formula for calculating the present value is as below

PV = FV/( 1 + r)^n

Where Fv =1000

r = 4% or 0.04

n= 6

PV = $1000/ (1 + 4/100)^4

PV=$1000/(1 + 0.04)^4

PV=$1000/1.16985

PV =$854.81

.

8 0
2 years ago
Read 2 more answers
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