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3 years ago

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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Mr. Reber thought Ms. Bissett was the ideal employee. Bissett was an impressive person and attended all social functions of the

inn [45]

Answer:

D) overemphasizing some issues and underemphasizing others

Explanation:

Apparently Ms. Bisset has a lot of good qualities as an employee and human being, but her supervisor, Mr. Reber is behaving as if all her actions were great, when they are not. Generally performance appraisals do not focus on only one activity or performance measurement, it is more like a weighted appraisal. But that doesn't mean you should focus only on the tasks that you want an forget about the rest.

It is very uncommon that someone will do great n every single aspect or category, e.g. good salespeople are very competitive and depending on how sales are distributed (by sector, region or not differentiated at all) may not be very social or hopeful with their coworkers. People who like accounting are boring, no one is perfect.

The problem here is that Mr. Reber likes Ms. Bisset a little too much, and he is considering only her good qualities as important, when a salesperson can have many defects, but he/she must be able to sell. It's like a pitcher that cannot pitch, they are useless for that position. Maybe she could work somewhere else in the company that better fits her abilities.

7 0

4 years ago

A. M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following t

AleksAgata [21]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $2,000

To Service revenue $2,000

(Being service revenue is recorded)

b. Wages expenses Dr, $1,000

To Wages payable $1,000

(Being wage expenses is recorded)

c. Interest expenses Dr, $400

To Interest payable $400

(Being interest expenses is recorded)

d. Lawn service expenses $500

To Accounts payable $500

(Being lawn service expenses is recorded)

e. Interest receivable $200

To Interest revenue $200

(Being interest revenue is recorded)

f. Salaries expenses $900

Salaries payable $900

(Being salary expenses is recorded)

3 0

4 years ago

g If all resources used in the production of a product are increased by 10 percent and output increases by less than 5 percent,

vlabodo [156]

Answer: The firm is experiencing diseconomies of scale.

Explanation:

In economics, diseconomies of scale are cost disadvantages that economic agents such as individuals, firms and governments accrue as a result of an increase in the output or organizational size resulting in the production of goods and services at an increased per-unit-costs.

Diseconomies of scale in businesses lead to an increase in the business average costs as the business grows. Regarding the question, while resources are increased by 10%, output increased by less than 5% shows diseconomies of scale since there's increase in the cost.

6 0

3 years ago

What can HR professionals do to mitigate concerns about pregnancy discrimination in the workplace? What does the law say compani

levacccp [35]

With our combined efforts as one HR, there is no cause we cannot influence. Knowing the law and interacting with expectant women are the greatest ways to stop pregnancy prejudice.

Employers place a high premium on discouraging pregnancy prejudice. The Pregnancy Discrimination Act of 1978's new EEOC rules have made it a particularly controversial topic in today's society. The best thing you can do to defend yourself in court is to train all managers or supervisors, but especially those who are directly in charge of supervising workers.

When you learn that a coworker is pregnant, you must show her respect and use caution. You should merely express gratitude to the worker for informing you. Offer pregnancy prejudice your support and assure her that, if necessary, you would make accommodation's that are reasonable in nature for her.

Never indicate that an employee's pregnancy is a burden on the company, and neither should your supervisors. Before approaching a pregnant employee, ask a member pregnancy prejudice of your human resources team any questions you may have about what to ask or not ask.

Learn more about pregnancy prejudice here

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5 0

2 years ago

In a capitalist system, what are the goods and tools that are used to make products?

SVETLANKA909090 [29]

Human labor is used in a Capitalist system in order to make products.

6 0

3 years ago