Answer:
The correct option is (D)
Explanation:
Asymmetric information happens when one party to a contract or transaction is fully aware about the material facts of the product that he intends to sell. However, the other party is not aware about certain facts about the product. This is a case of asymmetric information.
A disadvantage of asymmetric information is that it could have fraudulent consequences like adverse selection. In this case, Jessica (seller) knew about the defects of the product but chose not to disclose the same and Blake makes an adverse selection without knowing the defects of the product.
This is an example of market failure due to asymmetric information.
Answer:
(C) How much debt does clip joint company already have?
Explanation:
Bond investors are more likely to ask a bond issuer (the company issuing the bonds) its current level of debt before investing. This information is important as it informs the order that the current bond holders will occupy in a repayment hierarchy if the company was unable to pay back the debt and it needs to be liquidated.
Answer:
An amortized loan:
1) requires that all payments be equal in amount and include both principal and interest.
Explanation:
For instance, company A can borrow from a bank an amortized loan - a type of short-term loan with scheduled and periodic payments that are applied to both the loan's principal and the interest. Company A will then prepare an amortization schedule. This schedule is the table of periodic loan repayments, showing the amount of principal and the amount of interest that are must be paid periodically until the loan is fully paid off at the end of its term.
There are numerous reasons why it is a good idea to know the engine size of a vehicle. The size of an engine will let a driver know the horespower that the car has. It will also let the person know how much fluids are needed in the car such as oil, transmission fluid, radiator fluid, etc. The size of the engine is also needed when a person goes to buy a battery for the car. The size of the engine is also needed when you go and buy parts for the car.
When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>
When dealing with governmental accounting:
- There are certain rules that must be followed.
- The specific rules imposed are to ensure better management of tax payer funds.
As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.
In conclusion, option B is correct.
Find out more about different accounting standards at brainly.com/question/24441480.