Answer:
Relevance and cost effectiveness
Explanation:
Full disclosure principle means that a business should report all the relevant and necessary information regarding their financial statement to the people who are accustomed to reading it as not disclosing full information might affect the readers understanding.
It prevents any lack of information from the business's financial information and helps to ensure that creditors, stakeholders and investors are aware of all the relevant information while making key decisions that affect the company.
Not disclosing all the information could manipulate the companies financial statement and it may look stronger that it really is.
Answer:
$328,000
Explanation:
As we all know that:
Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid
Here,
Opening Equity is $293,000
Money raised through Shares Issuance was $24,000
Net Income would be $69,000
Dividends paid were $58,000
There were no losses as their is Profit for the year (Net Income).
By putting values, we have:
Ending Equity = $293,000 + $24,000 + $69,000 - $58,000
= $328,000
<span>The correct answer is C. Retail and communications
firms are on the decline.</span>
With technology becoming easily accessible to all
people in all walks of life, consumers are finding it easier to do everything
with their mobiles and computers. Communicating is as easy as sending a chat
message and buying items online is definitely more appealing that spending time
in a physical shop.
Answer:
cash 967,707 debit
premium on BP 67,707 credit
Bnds Payable 900,000 credit
interest expense 58062.42 debit
premium on BP 437.58 debit
cash 58500 credit
Explanation:
procceds 967,707
face value 900,000
premium on bonds payable 67,707
<em><u>first interest payment</u></em>
carrying value x market rate
967,707 x 0.06 = 58062.42
then cash outlay
face valeu x bond rate
900,000 x 0.065 = 58,500
the difference will be the amortization
