A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is accounted for prospectively in the current and future periods.
The rules and regulations that businesses and other organizations must abide by when reporting financial data are known as accounting principles. These regulations standardize the terminology and procedures that accountants must employ, making it simpler to analyze financial data.
A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).
The consistency that accounting principles establish enables more accurate and effective viewing of financial statements and reporting for businesses.
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No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
<h3><u>
What is the role of a director?</u></h3>
- An organization's directors play a crucial role in governance on behalf of its shareholders or members.
- The legal obligations that each Director must uphold during their tenure are outlined in various pieces of legislation. However, Directors are also held personally responsible for exceeding 700 more laws and legal standards.
- Each director must acknowledge and support the following standards of conduct:
- To accept personal accountability for contributing objectively and without regard to one's own interests to the Board's choices.
- To proactively seek out sufficient knowledge about the organization's operations.
- To constructively contribute to the formulation of pertinent organizational policies.
- To give the organization's long-term strategies solid support.
In order to encourage good governance and guarantee that each director acts in the interests of the company's stakeholders, the legally based director duties were created.
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Your answer is D - petroleum.
the area around the Persian Gulf is desert so can't be the water, coal or cattle. But here it can be found large underground reserves of Petroleum.
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a bed and breakfast. If Cynthia enjoys working with others in the lodging industry, but on a smaller scale, a bed and breakfast is the perfect place for Cynthia to open that stays with her love for lodging but without the large hotel chain group of people. A bed a breakfast is usually a smaller place with roughly 10 rooms to rent out as if you were staying in a hotel.
Answer:
The government should decrease spending by $100 billion.
Explanation:
The potential output level of an economy is $5,000 billion.
The economy is operating at an output level of $5,400 billion.
We see that there is an inflationary gap of $400 billion as the economy is operating at an output level of $400 billion more than the potential output level.
The marginal propensity to consume is 0.75.
ΔY = 
$400 billion = 
ΔG = 
ΔG = $100 billion
