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tensa zangetsu [6.8K]
2 years ago
12

In accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles. In fina

nce, the primary emphasis is also on net income because that is what investors use to value the firm. However, a secondary financial consideration is cash flow, because cash is needed to operate the business.
a) true
b) false
Business
1 answer:
aksik [14]2 years ago
7 0

Answer: false

                 

Explanation: The first statement in the given case is correct as accounting is based on determining net income. Whereas, the subject matter of finance is related to increase the value of the company and the value of its shareholders wealth.

Finance does not only focus on net income but it also focuses on other aspects like liquidity, future potential etc.

Hence the given statement is false.

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emmasim [6.3K]

Answer: offset

Explanation:

An offset is a countertrade agreement whereby a company offsets the hard currency purchase of a product that is unspecified from a particular nation in the future.

An offset involves the seller helping in marketing products that are manufactured by the buying nation or allowing part of the assembly of the exported product's to be carried out by the manufacturers in the buying nation.

Offset is common in defense, aerospace, and some infrastructure industries and it is common for larger and expensive items.

6 0
3 years ago
What are the 4 factors that affect the international business environment? Give two examples/characteristics of each.
iren [92.7K]

Answer:

Geography, cultural and social factors, economic conditions, and political and legal factors are the four parts of the international business environment.

Explanation:

5 0
2 years ago
On April 30, 2017, Cupidity Corp. purchased for cash all 200 shares of the outstanding common stock of Venality Corp. for $40 pe
just olya [345]

Answer:

$1,350

Explanation:

Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.

Where,

Cash Consideration = $8,000

Fair Value of Net Assets Acquired ($6,000 + ) = $6,650

Therefore,

Goodwill = $8,000 - $6,650

               = $1,350

8 0
2 years ago
A workbook contains sales information for the first quarter and you are interested in finding the totals sales generated in janu
Juli2301 [7.4K]

The function that is best suited in handling the task that will help you in seeking the information needed such as the total sales generated in January is the SUMIFS. This function will help in summing the values in the cells base on the dates or numbers provided.

3 0
3 years ago
Which of the following resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a ba
Softa [21]

Concentration banking Drafts resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a bank

Explanation:

Concentration banking drafts resemble checks in that they are drafts payable to a firm guaranteed an amount of money by one firm directly to them but in the case of they are issued directly by the firm and given directly to the firm supposed to take the money.

In the other case it is the bank that processes the amount for the two firm which makes the process little slower than the demand draft wherein the money is transferred to directly.

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3 years ago
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