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DaniilM [7]
4 years ago
5

The principle prescribing that financial statements reflect the assumption that the business will continue operating instead of

being closed or sold, unless evidence shows that it will not continue is the: A. Going-concern principle B. Business entity principle C. Objectivity principle D. Cost Principle E. Monetary unit principle
Business
1 answer:
Simora [160]4 years ago
8 0

Answer:

A. Going-concern principle

Explanation:

The correct Choice is A.

This concept assumes that the business unit will continue operating under the same economic conditions and in the same general environment. But it does not assume that the business unit will be profitable as long as it exists.

Accounting is based on the assumption that business unit will be operating for long. When a business is started , it is assumed that the business will not be dissolved in the near future. The accounting system provides a continuous record of the performance of the business throughout its existence.

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LenaWriter [7]

political

hope this helps :)

3 0
3 years ago
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Garage Magic, Inc., contracts for the sale of a certain number of garage door openers to Home & Yard Hardware stores. Ian bu
aksik [14]

Answer:

A) Ian's discovery of an injury caused by the opener

Explanation:

The statute of limitations for product liability sets the maximum time that the buyer has to present a legal claim against a manufacturer from the date that an injury happened. In this case, the statute of limitations is set at four years, so that means that Ian has four years after he (or someone else) suffered an injury when they were suing the garage opener.

8 0
3 years ago
If ZipCar engaged in all the activities discussed in the video, but then sold customer data to a third party in a contradiction
Naya [18.7K]

Answer:

The correct option is: both socially responsible and ethical.

Explanation:

To begin with, the fact that the company sold customer data to a third party, even thought that it engaged in all the other activities as promised, it will make it to be both socially responsible and ethical and that is because in a court the judge will be in favour of the more weak party, that is the customer whose date was sold without his approval to a third party, and therefore that in social terms the company will be guilty. Also, that action will affect the company in terms of ethical because once that it is all known by the customers whose date was sold then they will start a campaign in order to destroy the company's ethical image by the public and that will cause a huge decrease in the sales.

5 0
3 years ago
If Wild Widgets, Inc., were an all-equity company, it would have a beta of .95. The company has a target debt-equity ratio of .4
Gennadij [26K]

Answer:

see explanation

Explanation:

a. The company's cost of debt

Cost of Debt = Total after tax cost

b. The company's cost of equity?

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c. The company's weighted average cost of capital

weighted average cost of capital = Weighted Cost of Debt + Weighted Cost of Equity

8 0
3 years ago
Although the perpetual inventory system updates accounting records after each sale, a physical count is necessary at year-end to
vivado [14]

Answer:

customer theft; spoilage.

Explanation:

A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, customer theft, etc.

4 0
3 years ago
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