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3 years ago

An emphasis is placed on proper income statement item recognition under what approach under US GAAP?

Business

1 answer:

Over [174]3 years ago

3 0

Answer:

Revenue /expense approach

Explanation:

As we know that the income statement recognized only the revenues and the expenses and if the revenue is more than the expenses so the company is earning profit else it would suffered loss

So for proper income statement, the item recognized under US GAAP should be placed in revenue and expense approach as it comes under the income statement and the same is to be considered

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A furniture retailer wanted to grow but not open too many new stores. The company started opening boutique hotels instead. A man

Vikentia [17]

Answer:

was thinking "outside the box" by designing a growth strategy

Explanation:

On the given scenario the business wanted to grow but not open more furniture shops.

The strategy chosen will achieve more growth while expanding into another operation line (boutique hotels).

The supply of furniture to these boutique hotels as internal decorations and as purchase from guests is an innovative way for the furniture business to grow without opening new stores.

This is an example of thinking outside the box.

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After World War II, the United States sent billions of dollars in foreign aid to help the war-torn nations of Western Europe reb

Mazyrski [523]

Answer:

After World War II, the United States helped rebuild Western Europe.

Explanation:

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3 years ago

Read 2 more answers

Can I get the answer and explanation to attached question please?

lord [1]

The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08

The value of the holdings if the real went up against the dollar is $266, 667. 67.

<h3>How to find the value of the holdings?</h3>

The exchange rate before the real declined was:

= 270,000 / 200, 000

= 1.35 real per dollar

The new exchange rate after the Real declined was:

= 1.35 x 1.3

= 1.755 Real per dollar

The value of the holdings at year end in Real will therefore be:

= 270, 000 x 1.15

= 310, 500 Real

In Canadian dollar this is:

= 310, 500 / 1.755

= CA$176,923.08

The new exchange rate as a result of the Real increasing in value is:
= 1.35 x (1 - 16% increase in value)

= 1.134 Real per dollar

The value of the holdings at year end would therefore be:

= 270,000 x (1 + 12% earning)

= 302, 400 Reals

In Canadian Dollar this is:

= 302, 400 / 1.134

= CA$266, 666. 67

Find out more on the value of holdings at brainly.com/question/15352363

#SPJ1

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1 year ago

One of your customers has decided to commit $10,000 to fixed income. She is trying to decide if it makes more sense to invest in

yKpoI14uk [10]

"One of your customers has decided to commit $10,000 to fixed income..."You could explain that the purchase of the ETF results in the greatest reduction of liquidity risk. This is further explained below.

<h3>What is liquidity risk?</h3>

Generally, liquidity risk is simply defined as, to put it another way, liquidity risk is the possibility of experiencing losses as a consequence of not being able to make payments on time or doing so at an unaffordable price.

In conclusion, Fixed-income investments have been made by one of your clients for $10,000..." In other words, you might say buying the ETF lowers liquidity risk the most.