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
svet-max [94.6K]
3 years ago
5

Which of the following is not true of accounting principles? a.A new accounting principle can be adopted with stockholders' appr

oval. b.Following GAAP allows accounting information users to compare one company to another. c.The Financial Accounting Standards Board (FASB) has primary responsibility for developing accounting principles. d.Financial accountants follow generally accepted accounting principles (GAAP).
Business
1 answer:
tatyana61 [14]3 years ago
7 0

Option A

A new accounting principle can be adopted with stockholders' approval  is not true of accounting principles

<u>Explanation:</u>

Accounting principles are the dictates and guidelines that firms must comprehend when describing financial data. The Financial Accounting Standards Board (FASB) publishes a regulated collection of accounting principles in the U.S. applied to as generally accepted accounting principles (GAAP). GAAP strives to develop the accuracy, flexibility, and comparability of the presentation of financial information.

Since accounting principles vary beyond the world, investors should practice discretion when associating the financial statements of organizations from various countries. Accounting principles help dictate the world of accounting according to prevailing dictates and guidelines.

You might be interested in
Other things the same, an increase in the U.S. interest rate causes U.S. net capital outflow to a. rise, so supply in the market
Aleksandr [31]

Answer:

b. rise, so demand in the market for foreign-currency exchange shifts right.

Explanation:

  • An increase in the interest rates leads to a rise in the capital outflow as savings and investment lead to more net capital outflow.
  • This is the movement of the assets on the company and is considered to be bad for the economy and leads to undesirable changes in the supply of the foreign currency as a shift in the demands of the consumers. This may result in political and economic instability.
8 0
3 years ago
2. What kind of good is it? Determine whether each of the following goods is a private good, a public good, a common resource, o
erastovalidia [21]

Answer:

1- A cabana along a beach that is open to the public --- Common resource

2- A new drum set for you to play in your friend's band --- Private good

3- A large, beautiful statue in a town square --- Public good

Explanation:

1- Common resources are goods that are not excluded, but are rival. Not excluded means that no restrictions can be imposed on the use, such as paying a price, for example because there is no personnel or technical provision available to enforce this.

2- Private goods are defined as goods that are excluded and rival. Private goods are the opposite of public goods.  

Excluded means that some consumers can be excluded from the use of this good. For example: Someone has bought a good and decides who uses the good.  

In turn, rival means that, if used properly, it cannot be consumed again or simultaneously by others.

3- A public good is a commodity or service characterized by two basic characteristics: non-rivalry and non-excludability.

Non-rivalry means that a person's consumption of a commodity does not affect the quantity or quality of the same commodity that another person can consume.

Non-excludability means that it is impossible to exclude anyone from the consumption of an item (for example, because it did not pay for the item). Goods that hold only one of the properties are called semicollective goods, while the goods that possess both properties are called genuine collective goods.

5 0
3 years ago
An open-market purchase of securities by the Fed results in ________ in reserves and ________ in the supply of money. Group of a
qaws [65]

Answer:

an increase; an increase

Explanation:

Open market operations is a monetary policy instrument which is used by the Fed to control the money supply in an economy. In open market operations, there is a buying and selling of government securities from the public through banks.

If Fed purchases the government securities from the market then this will increase the money supply in an economy and there is a flow of money from Fed to public. This purchase of securities will also increase the reserves of the banks which they can utilized in lending to the individuals and other organisations.

7 0
3 years ago
​Disney's Hong Kong Disneyland and Shanghai Disneyland work in combination with the Chinese governmentdashowned Shanghai Shendi
aalyn [17]

Answer:

Joint ownership

Explanation:

A sort of ownership of real or Personal Property by at least two people in which each claims a unified enthusiasm for the entirety.

he people, who are called joint occupants, share equivalent responsibility for property and have the equivalent, unified right to keep or discard the property.

Example :

Two colleagues may together claim a business property. In the event that two people own any organization and one of them was died then  the entire of the complex has a place with the co-proprietor, and not the decedent's beneficiaries.

8 0
3 years ago
Which is not one of the five fundamental questions?
astra-53 [7]
Economics in many cases is an exact science, but usually it is a practical one that has applications. Thus there are some practical goals that need to be answered with the use of economics and an easy to summarize form of them are the five fundamental questions of economics. 3 of the choices above are such fundamental questions; determining the way of production, the receiver of the production as well as the ways in which the economic system can change are of fundamental importance to the science of economics. The other 2 questions are: What products will be produced ? and How can we foster progress?
Choice d is a pretty important question too (that falls somewhat under a) but the fact that it mentions the government specifically makes it less general than the other propositions so it is not a fundamental question.
7 0
3 years ago
Other questions:
  • Following the birth of his first child, Mike Simpson, a software designer for Microsoft, wished to spend more time with his fami
    5·1 answer
  • A.To maximize its profits, the firm should produce units and charge a price of _______$ .
    11·1 answer
  • Wilbur has been offered a job at a salary that would put him in the 24% marginal tax bracket. In addition to his salary, he woul
    7·1 answer
  • At a point when Robin Corporation has been in existence for six years, shareholder Ted transfers real estate (with an adjusted b
    11·1 answer
  • In the design of a chemical plant, the following costs and revenues (in the third year of production) are projected:
    15·1 answer
  • Which payment option could have interest charged to you?
    13·1 answer
  • A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company's gross margin r
    7·1 answer
  • You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5%
    9·1 answer
  • Grace is waiting in her office to meet Joseph, the new sales representative for Powerslam shoe company. Joseph arrives promptly
    12·1 answer
  • Will award brainliest for correct answer
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!