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makkiz [27]
3 years ago
15

For external reporting purposes, U.S. GAAP allows companies to use

Business
1 answer:
DanielleElmas [232]3 years ago
6 0

Answer:

1. Only the traditional format of the income statement.

Explanation:

For external reporting purposes, United States of America, Generally Accepted Accounting Principles (GAAP) allows companies to use only the traditional format of the income statement.

United States of America, Generally Accepted Accounting Principles (GAAP) is the accounting principles, procedures and standard issued by the Financial Accounting Standards Board (FASB) and adopted by the United States of America, Securities and Exchange Commission (SEC).

When accountants prepare and compile financial statements for public firms, it must be in line with United States of America, Generally Accepted Accounting Principles (GAAP).

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Pulaski Plumbing Supply is planning to bring a new type of valve to market and is conducting a break-even analysis. For this ana
vekshin1

Answer:

break-even point (BEP) = 25,000 items

Explanation:

given data

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solution

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break-even point (BEP) for the valve is here

break-even point (BEP) = fixed cost ÷ Contribution margin    ...................1

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break-even point (BEP) = \frac{10000}{0.4}  

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3 years ago
LO 8.5Identify several causes of a favorable labor rate variance.
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7. Spurling et al. investigated the effects of two vocabulary learning strategies on word retention two weeks later. In this exa
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