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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.

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The advantages of personal financial planning include:
den301095 [7]

Answer:

d. All of these

Explanation:

Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.

7 0
3 years ago
Which is not an example of a behavior exhibited in a market economy?
Diano4ka-milaya [45]

Answer: market economy’s do not have government interference in businesses

Explanation:

5 0
3 years ago
Compared with supermarkets, the product mix for vending machines is: __________.
Vlada [557]

Answer:

d. shallower and narrower

Explanation:

Product width basically refers to how many different product lines are sold, and obviously a supermarket sells hundreds of product line, while a vending machine generally sells soft drinks or snacks, which is only 1 product line.

The product depth refers to the amount of products sold, and a supermarket is much larger than a vending machine so it can sell many more products.

7 0
3 years ago
On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it
zvonat [6]

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31         Bad Debt Expense           Debit     $1,200

                              Account receivable - Acme, Inc.      Credit    $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

4 0
3 years ago
A decrease in money demand for some reason other than a change in the price level causes _________.
goldenfox [79]

Answer:

A

Explanation:

3 0
3 years ago
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