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
Zinaida [17]
3 years ago
11

The FASB's conceptual framework's qualitative characteristics of accounting information include:A. Historical cost.B. Realizatio

n.C. Faithful representation.D. Full disclosure.
Business
1 answer:
Aleksandr [31]3 years ago
5 0

Answer:

Faithful representation.

Explanation:

The Financial Accounting Standards Board made the conceptual framework which sets objectives.and characteristics of how financial information is displayed on financial statements. It helps one understand the logic that is behind the generally accepted accounting practices.

Qualitative characteristics include faithful representation which states that financial statements should reflect the actual state of the business. For example if the assets of a company is $300,000 then the actual assets of the company should also be $300,000.

You might be interested in
In the late 1950s and 1960s, television Westerns were extremely popular and included Gunsmoke, Bonanza, Wagon Train, and The Big
notsponge [240]

Answer: (C) Decline  

Explanation:

The decline stage is one of the type of last stage in the product life cycle as it basically representing the actual behavior of the product in the market which results in the form of negative growth.

The decline stage basically demonstrating about the decrease sales and also the profit of the products in an organization.

 According to the given scenario, the television western is one of the type of category that entering into the decline stage due to the change in the taste of the customers.      

 Therefore, Option (C) is correct answer.

7 0
3 years ago
A company acquired an office building on three acres of land for a lump-sum price of $2,450,000. The building was completely equ
galina1969 [7]

Answer:

$735,000

Explanation:

The fair values of the assets may be used as a basis for determining the amount to be recorded for each of the assets.

This will be in a proportional manner such that the higher the fair value, the higher the actual cost assigned and vice versa to the asset.

Hence the amount to be recorded for the building

= 840,000 / (840,000 + 840,000 + 1,120,000) * $2,450,000

= $735,000

7 0
3 years ago
Please help!!! What do certifications show a potential employer?
zubka84 [21]

Answer:

I'm thinking about switching jobs, but it'll be difficult for me to get a lot of work experience before I apply. I was thinking about getting a certification in my new field to help even the odds between me and other job applicants. Do certifications matter anymore? Can they really help me land a better job, or are they a waste of time and money?

Explanation:

4 0
3 years ago
It is better to read ______.
Sophie [7]
D. In a quiet location
3 0
3 years ago
Read 2 more answers
True or false:this represents a recommended practice for the estimation of a project's cash flows
Sauron [17]
This is answer could be true I think
7 0
3 years ago
Other questions:
  • Which of the following is the most popular framing system used today?
    13·1 answer
  • Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$218,917 –$16,419 1 25,700 5,985 2 5
    6·1 answer
  • Fixed costs can be defined as costs that A. are incurred only when production is large enough. B. vary inversely with production
    7·1 answer
  • Challenger Factory produces two similar products - regular widgets and deluxe widgets. The total plant overhead budget is $675,0
    12·1 answer
  • AllSpice Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies hav
    15·1 answer
  • 25
    7·2 answers
  • The following sequence shows four operations for a computer chip assembly process and the effective capacity of each. Step 1: 50
    12·1 answer
  • A heavy construction firm has been awarded a contract to build a large concrete dam. It is expected that a total of 8 years will
    9·1 answer
  • What is CUSTOMER VALUE? How it can be created? Discuss.
    13·1 answer
  • Terra Corp. is incorporated in Florida with its principal office in Destin. Phyllis is the president of Terra Corp. and owns 51%
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!