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3 years ago

Significant accounting policies may not be:

Business

1 answer:

miskamm [114]3 years ago

7 0

Answer: A) omitted from financial-statement disclosure

Explanation: significant accounting policies may not be omitted from financial statement disclosure because it allows, among many other benefits, for financial statements to be compared with other entities when they are clearly shown. It also helps prevents losses and the misuse of assets. It allows both present and potential investors to be able to study open accounting policies in order to make informed decisions and/or before investing in a business.

An “accounting disclosure” is a statement that outlines the financial policies of a firm, showing expenses and profits over a time period.

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Answer:

I believe it is B but I'm not sure

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3 years ago

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Answer:

The correct answer is B

Explanation:

The journal entry which is to be recorded for the service revenue at the end of May is as follows:

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3 years ago

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Herron Corp

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C. Balance sheet as at December 31, 2015

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3 years ago

Henderson Electronics Corporation manufactures and sells FM radios. Information on the prior year's operations (sales and produc

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Answer:

Explanation:

Calculation to determine the minimum price the company would accept for the radios

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2 years ago

A department store sells refrigerators from four manufacturers: 40% from Company A, 25% from Company B, 15% from Company C, and

Rufina [12.5K]

Answer:

A: 0.1475 , B: 0.3389

Explanation:

a. Probability Refrigerator purchased from store lasts more than 15 years :

Prob(refrigerator purchase from A) and Prob(refrigerator from A life > 15 years) + .........Prob(refrigerator purchase from D) and Prob(refrigerator from D life >15 years)

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= 0.3389

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3 years ago