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Helga [31]
3 years ago
14

Presented below are four statements which you are to identify as true or false.

Business
1 answer:
slavikrds [6]3 years ago
4 0

Answer:

1. GAAP is the term used to indicate the whole body of FASB authoritative literature.  <u>TRUE</u>.

The Financial Accounting Standards Board are the authors of the GAAP and as such GAAP is used to indicate the whole body of their literature.

2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements.  <u>FALSE. </u>

To claim compliance with GAAP, all standards and interpretations including Disclosure requirements should be followed.

3. The primary governmental body that has influence over the FASB is the SEC.  <u>TRUE.</u>

The Securities and Exchange Commission (SEC) is the Government body that is meant to oversee the application of Accounting standards and as such, they have influence over the FASB.

4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.<u> FALSE. </u>

Even though they have a Government mandate, the FASB must follow due process when establishing principles so that people might be able to contribute to or criticize the guidelines should they please.

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Active trading in markets and competition among securities analysts helps ensure that: I. Security prices approach informational
Anika [276]

Answer:

The answer is: All the options are correct (I, II and III)

Explanation:

The larger the number of individuals (e.g. securities analysts, investors) who are informed about the price system of securities, the prices of securities will approach informational efficiency.

When the system approaches informational efficiency, you can determine which securities are riskier than others. Therefore you can price riskier securities so that they offer higher expected returns.

The other positive effect of informational efficacy is that investors can determine which securities are undervalued or overvalued.

8 0
3 years ago
The price index in the first year is 110, in the second year is 100, and in the third year is 96. The economy experienced
Digiron [165]

Answer:

a. 9.1 percent deflation between the first and second years, and 4 percent deflation between the second and third years.

Explanation:

To calculate the rate of inflation/deflation, we have to divide by the oldest price index.

The second year, the variation of the price index was:

\Delta PI/PI=\frac{PI_2-PI_1}{PI_1}=\frac{100-110}{110}=\frac{-10}{110}=-0.909=-9.1\%

This means a 9.1% deflation.

The third year, the variation of the price index was:

\Delta PI/PI=\frac{PI_3-PI_2}{PI_2}=\frac{96-100}{100}=\frac{-4}{100}=-0.04=-4\%

This means a 4% deflation.

8 0
3 years ago
In the model of mass-mediated communication, the: Select one: producers of the message control the reception of the content prod
taurus [48]
<h3 />

How information is conveyed is important,  mass-mediated communication allows information to reach a wide range of people.

<h3>What mass-mediated communication?</h3>

It is a communication method that involves sending messages through a medium either internet or television to a receiver (audience)  to produce some effect.

The communicator of the message controls the interpretation of the content to the receiver.

Therefore, in mass-mediated communication content producers of the message control the interpretation of the content

Learn more on mass communication here,

brainly.com/question/18363250

4 0
2 years ago
How does supply and demand, scarcity and economic measurement affect (LLC only) and as well as the costs associated with your bu
julsineya [31]

Answer: If you think the concepts of supply and demand are just relevant for macro economists, you’re probably missing a few ways to improve your small business. Understanding the importance of supply and demand in business terms will help you better plan your pricing, production and marketing.

Explanation: Put in your own words so that they dont see this answer because my teachers check the internet for plagiarism.

5 0
2 years ago
ABC bank wants to strengthen the security of its online bill-pay features. Therefore, it decides that in addition to a password,
marta [7]

Answer:

<u>multifactor authentication</u>

Explanation:

<u>Multifactor authentication:</u> The term "multifactor authentication" is described as an "electronic authentication method" whereby a computer user is able to grant access to a specific application or website only after he or she has successfully completed or presented two or more than two shreds of evidence to any authentication mechanism, for example, inherence, knowledge, and possession, etc.

<u>In the question above, the given statement represents "multifactor authentication".</u>

6 0
3 years ago
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