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ASHA 777 [7]
3 years ago
12

Identify the accounting assumption or principle that is described below. (a) Belief that a company will remain in operation for

the foreseeable future. (b) Indicates that personal and business record-keeping should be separately maintained. (c) Only those items that can be expressed in money are included in the accounting records. (d) Separates financial information into time periods for reporting purposes. (e) Measurement basis used when a reliable estimate of fair value is not available. (f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.
Business
1 answer:
Leviafan [203]3 years ago
4 0

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

(b) Indicates that personal and business record-keeping should be separately maintained.

Accounting assumption or principle: Economic entity assumption

(c) Only those items that can be expressed in money are included in the accounting records.

Accounting assumption or principle: Monetary unit assumption

(d) Separates financial information into time periods for reporting purposes.

Accounting assumption or principle: Periodicity assumption

(e) Measurement basis used when a reliable estimate of fair value is not available.

Accounting assumption or principle: Historical cost principle

(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.

Accounting assumption or principle: Full disclosure principle

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Most flexible.

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In Marketing, price can be defined as the amount or value that is being exchanged usually money, in order to acquire goods in a business transaction.

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When capital is plotted on the vertical axis and labor is plotted along the horizontal​ axis, the marginal rate of technical sub
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The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.

When the capital is plotted on the vertical axis and labor is plotted along the horizontal​ axis, then the marginal rate of technical substitution​ of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK

Therefore, the correct option is All of the above.

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If M&M Mars Candies found a magazine article that provided key information of the television viewing habits of major candy c
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When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candi
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Explanation:

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A common resource is: a. a good that, when used by one person, leaves less for everyone else. b. likely to be overutilized. c. r
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