1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lubasha [3.4K]
2 years ago
13

Identify the accounting concept that describes each situation below. Do not use any concept more than once. (a) Is the rationale

for why plant assets are not reported at liquidation value. (Do not use the historical cost principle.) (b) Indicates that personal and business recordkeeping should be separately maintained. (c) Ensures that all relevant financial information is reported. (d) Assumes that the dollar is the ""measuring stick"" used to report on financial performance. (e) Requires that accounting standards be followed for all items of significant size. (f) Separates financial information into time periods for reporting purposes. (g) Requires recognition of expenses in the same period as related revenues. (h) Indicates that fair value changes subsequent to purchase are not recorded in the accounts.
Business
1 answer:
marishachu [46]2 years ago
7 0

Answer: Accounting concept refers to the assumptions on which the recording of transactions is done.

Explanation: The following options could be characterized as follows :-

A. Going concern assumption

B. Economic entity assumption

C. Full disclosure principle

D. Monetary unit assumption

E. Materiality

F. Periodicity assumption

G. Expense recognition principle

H. Historical cost principle

You might be interested in
David���s salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much money will david
Slav-nsk [51]
C. $18,644 is the correst answer. Hope this helped

8 0
3 years ago
Read 2 more answers
. Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into yo
Tems11 [23]
On pay day, the employer deposits your NET SALARY into your bank account.
Direct deposit program is a salary payment program in which an employer works together with the bank to deposit the employees salary directly into their accounts on the pay day of each month.
7 0
3 years ago
James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $307,00
Arturiano [62]

Answer:

$69,075

Explanation:

James Corporation

Merchandise remaining in James’s inventory:

$307,000 × 50% = $153,500

Intra-entity gross profit:

$153,500 × 45% = $69,075.

James’s ownership percentage of Carl will have no impact on this computation.

Therefore the amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is $69,075

7 0
3 years ago
Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork.  His theory centers on eight steps:

1.       Creating urgency to spur change.

2.       Forming a powerful coalition from people of diverse talents.

3.       Make a vision of change that would inspire and rally your group.

4.       Communicate that vision so that all of you understand what needs to be done.

5.       Remove obstacles that would impede your goals.

6.       Create short-term wins that would help in the short run but will contribute in the long run.

7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

4 0
3 years ago
A type of insurance that protects workers frorm loss wages after an industrial accident that happened on the job is called
Katarina [22]

A type of insurance that protects workers from loss wages after an industrial accident that happened on the job is called worker compensation.

  • Workers' compensation insurance offers financial aid and/or medical attention to employees who are hurt on the job or fall ill as a direct result of their work. This insurance is paid for by the employer; the employee is not expected to contribute to the cost of compensation.
  • Workers' compensation, sometimes known as workers' comp, is a type of insurance that offers pay replacement and medical benefits to employees hurt while doing their jobs in return for a requirement that they waive their right to sue their employer for carelessness. The compensation bargain is the trade-off between restricted, guaranteed coverage and no other options outside of the worker compensation system.

Thus this is the answer.

To learn more about worker compensation, refer: brainly.com/question/27993713

#SPJ4

8 0
2 years ago
Other questions:
  • Alby Ltd. is a cement manufacturing plant. Alby calculates the NPV of buying a new cement mixer. He turns down the capital inves
    15·2 answers
  • The histogram below shows the distribution of the annual hours of commuting delay per traveler for 46 small and medium urban are
    11·1 answer
  • What are some of the reasons businesses fail?
    6·1 answer
  • Once mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous one or less
    6·1 answer
  • Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a pr
    9·1 answer
  • Pls help me and thank you
    9·2 answers
  • Julia owes her dad $12. She wants a new blouse that just went on sale, so she borrows $20 from her sister. She pays her father $
    10·1 answer
  • When choosing where to eat lunch, Sharon looks for restaurants where she will be seated promptly and served her meal quickly. Fo
    5·1 answer
  • What can a producer gain by specializing?
    14·2 answers
  • the graph to the right depicts the per unit cost curves and demand curve facing a shirt manufacturer in a competitive industry 8
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!