The amount of his monthly net cash flow is the best example of qualitative information
The choice usefulness, decision model approach to accounting theory plays a significant supportive role in the utilization of qualitative traits or qualities required for information. The attributes that make the data supplied in financial statements valuable to users are referred to as qualitative qualities.
Fundamental qualitative traits that are desired in accounting information are produced by the demand for accounting information from investors, lenders, creditors, etc. Accounting information has six distinct qualitative traits.
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Answer:
The correct answer is: Intermediation.
Explanation:
To begin with, in the financial and business field the process in where the financial institutions act in the middle of money's lenders and money's borrowers is known basically as intermediation. This term consists of the simple action of matching those who needs money with those who are willing to lend money in order to obtain a profit from that lending. Therefore that when the banks, for example, accept the money of people who are saving it decides to use that money to put it in circulation in another activity in the economy in order to make the money grow.
Answer and explanation:
There is a company that alleges having <em>no management, no bosses </em>or<em> hierarchical organization</em>. Its name is Valve Corporation. This company has estimated equity if $2.5 billion thanks to the development of worldwide-known videogames such as "<em>Half-Life</em>", "<em>Dota 2</em>", and "<em>Left 4 Dead</em>".
Though, former employees of the firm have revealed that there is an inner powerful management structure in the company that has strict guidelines at the moment of hiring and laying off workers.
Answer:
b. debit Interest Expense, $200; credit Interest Payable, $200.
Explanation:
Journal entry to record the adjusting entry for November 30 for the interest-only as principal and interest will be paid on May 1.
November 30 Interest expense Debit $200 (note 1)
Interest Payable Credit $200
Note 1: Interest expense for one month = $30,000 × 8% × (1 ÷ 12) = $200
Since interest expense has not been paid and incurred only for one month, a liability account, i.e., interest payable, will arise.