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Wittaler [7]
3 years ago
7

Indicate with the appropriate letter the nature of each adjustment described below: Type of Adjustment A. Change in accounting p

rinciple (reported retrospectively) B. Change in accounting principle (exception reported prospectively) C. Change in estimate D. Change in estimate resulting from a change in accounting principle E. Change in reporting entity F. Correction of an error
Business
1 answer:
julia-pushkina [17]3 years ago
4 0

Answer:

A. Change in accounting principle (reported retrospectively) - PR

B. Change in accounting principle (exception reported prospectively) - PP

C. Change in estimate - E

D. Change in estimate resulting from a change in accounting principle - EP

E. Change in reporting entity - R

F. Correction of an error - N

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In Russia, suppose GDP per capita grows by 9.0 % per year for 31 years . By how many times does this economy grow?
makkiz [27]

Answer:

Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

Explanation:

Growth Rate = g = 9% = 0.09

Number of years = n = 31 years

Number of time economy grow = ( 1 + growth rate )^number of years

Number of time economy grow = ( 1 + g )^n

Number of time economy grow = ( 1 + 0.09 )^31

Number of time economy grow = 14.46 times

So, Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

8 0
3 years ago
The type of business risk that refers to a possible risk from a business move is called
zaharov [31]
Pretty sure it’s financial risk !!!!! hope it was right !!!! :)
8 0
2 years ago
Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was $29,000. Its estimated residual value was $9,0
ivolga24 [154]

Answer:

Annual depreciation= $4,000

Explanation:

Giving the following information:

The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.

<u>To calculate the depreciation expense, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (29,000 - 9,000)/5

Annual depreciation= $4,000

8 0
3 years ago
When a person is authorized by the principal to transact all affairs in connection with a particular type of business or trade o
yawa3891 [41]

Answer:

General agent

Explanation:

A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.

A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.

On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.

6 0
2 years ago
More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small busin
V125BC [204]

Answer:

A

Explanation:

5 0
3 years ago
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