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
Illusion [34]
3 years ago
14

The concept of materiality:

Business
2 answers:
KonstantinChe [14]3 years ago
6 0

Answer:

The answer is b Justifies ignoring the matching principle in certain circumstances.

Explanation:

Doss [256]3 years ago
5 0

Answer:

The correct answer is letter "B": Justifies ignoring the matching principle in certain circumstances.

Explanation:

In Accounting, the materiality principle is in charge of the relevance of information and the size of the information recorded in the companies' books.   According to this concept, there are some Generally Accepted Accounting Principles (GAAP) that can be omitted as long as the information transferred to the Financial Statements are not affected.

It is the responsibility of the accountant to determine what should and should not be included on the firm's general ledger, then. <em>GAAP such as matching can be omitted thanks to the materiality principle</em>.

You might be interested in
The capitalized cost of any investment may be determined using the equation P = A/i where P is the capitalized cost, A is the an
statuscvo [17]

Answer: True

Explanation: The matching principle is used to compute capitalized costs by companies and it records expenses in the same period as the related revenues by matching the cost of an asset to the time periods in which it is used, and is therefore generating revenue.

Capitalized cost is also given as the present worth of cash flows which go on for an infinite period of time. In other words, the worth of cash flows does not leave the company when items are purchased. This is because the monetary value  is retained in the form of a fixed or intangible asset.

The capitalized cost of any investment can be determined using the equation, P = A/i.  Where P is the capitalized cost, A is the annual amount and i is the interest rate.

7 0
3 years ago
The contribution margin approach helps managers in short-term decision making because it ________
lana66690 [7]
The contribution margin approach helps managers in short-tern decision making because it reports costs and revenues at their current value. 

The contribution margin ratio/approach allows companies to determine their profits they can make from a product minus variable costs. 
5 0
3 years ago
Read 2 more answers
Imagine that two goods are available to you: apples (X) and pears (Y). You like apples half as much as pears. If your fruit budg
goldenfox [79]

Answer:

the value of the MktRS (market rate of substitution) is 0

Explanation:

The computation of the market rate of substitution is shown below:

Since it is mentioned that

You like apples half as pears

So the equation would be

X = 1 ÷ 2 Y

X ÷ Y = 1 ÷ 2

Now the market rate of substitution of the price is

= $2 ÷ $4

= 1 ÷ 2

So,

= 1 ÷ 2 - 1 ÷ 2

= 0

Hence, the value of the MktRS (market rate of substitution) is 0

The same is to be considered

3 0
3 years ago
The state government maintains an investment pool for itself and local governments in the state. The investment pool received t
Katyanochek1 [597]

Answer:

$15,000,000

Explanation:

The local government comes under the control of state directly. The amount received from local government should be reported in state's investment trust fund.

8 0
3 years ago
Read 2 more answers
Which one of the following is not something that shapes the fundamental character of a company's corporate culture?
Mamont248 [21]

Answer:

A. The nature and character of the actions the company is taking to improve the performance of its value chain activities

Explanation:

The corporate culture of a company is essential for a company to be well positioned in the market.

It is defined as the set of guidelines that will guide the behavior of the employees of an organization, therefore it is composed of the set of policies, rules, procedures, behaviors, values, etc., that bring identity to a company and helps the practice of ethical values ​​and promotion development of each employee.

Therefore, all the alternatives in the question above are adequate to the organizational culture, except for the letter A, which corresponds to the nature and character of the actions that the company is taking to improve the performance of its value chain activities, since the management of the supply chain A company's value will improve the way the processes in the organization are carried out to generate value for the customer.

8 0
3 years ago
Other questions:
  • ________ is the movement to protect the valid interests of consumers and is a major force in small business today.
    6·1 answer
  • What do you need to become a lawyer​
    9·1 answer
  • Several years​ ago, 38​% of parents who had children in grades​ k-12 were satisfied with the quality of education the students r
    7·2 answers
  • after all of your expenses are subtracted from your income, the money left over is known as your savings.
    14·1 answer
  • How is the value of a product determined?
    7·2 answers
  • A project is expected to generate annual revenues of $119,300, with variable costs of $75,400, and fixed costs of $15,900. The a
    14·1 answer
  • A home equity loan can be risky because the lender can foreclose if you don’t make your payments
    13·2 answers
  • Calcular el interes que genera un capital emprestado de $ 15500 a una tasa del 6,5% anual durante 240 dias
    11·1 answer
  • The primary objective of growth mutual funds is capital appreciation with a high level of current income.
    13·1 answer
  • what best describes ""accountability"" in journalism? group of answer choices representing and telling stories of company matter
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!