Answer:
It would be a fair assumption to make that a country with a large amount of natural resources would be more likely to develop fastest and furthest. This could be assumed because natural resources in a country would be likely to stimulate trade at first within that country, and later to outside countries.
Answer: Understandability
Explanation: The financial statements must provide information that is understandable by the users. In other words, understandability means that the information to be read allows users to properly capture what is being communicated in these financial statements. There are several end users of the financial statements, for example, one of those users of the information contained in a set of financial statements may be someone who is not a qualified professional financier and therefore does not have full knowledge of the accounting and presentation requirements established for these reports.
I am most likely making use of bow-tie when i tie my shoes.
