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leonid [27]
4 years ago
5

Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footn

otes) to report all relevant information?
a. Relevance
b. Full disclosure
c. Evaluation
d. Materiality
e. Matching
Business
1 answer:
alexgriva [62]4 years ago
6 0

Answer:

The correct answer is Option B.

Explanation:

The full disclosure principle is a concept that requires all necessary details relating to the notes to the financial statements are provided and explained in such a way that would be understandable to the users of the financial statements.

The disclosures are expected to be in compliance with the accounting standards, regulatory pronouncements, among others.

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Which of the following is NOT associated with (or does not contribute to) business risk? Recall that business risk is affected b
Sever21 [200]

Answer:

The correct answer is letter "C": The extent to which interest rates on the firm's debt fluctuate.

Explanation:

Interest rates on debts are the amounts of money the company must pay after requesting loans or assets on credit. Interest rates are fixed and they are specified at the moment of accepting the transaction that will generate the debt in the organization. Thus, they do not represent a risk for the company.

5 0
3 years ago
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth w
zalisa [80]

Answer:

The size of labor force

The inflation rate

The level of technological knowledge

Explanation:

In the long run the economy's real Gross Domestic Product depends on labor force, capital, natural resources and technological knowledge. The level of physical quantity is not affected by the money supply in the long run. This will have affects in short run only. In the long run only nominal prices are impacted and production or physical quantity has no impacts.

8 0
4 years ago
Read 2 more answers
Indigo Corporation wants to transfer cash of $182,400 or property worth $182,400 to one of its shareholders, Linda, in a redempt
jolli1 [7]

Answer and Explanation:

The computation is shown below:

a. The distribution of Property A would result in a recognized gain

= $182,400 - $91,200

= $91,200

b. The distribution of Property B would result in a disallowed loss is

= $182,400 - $237,120

= -$54,720

c. The sale of Property B to an unrelated party in a recognized loss is

= $182,400 - $237,120

= -$54,720

8 0
3 years ago
What are the consequences of a global basket of currencies in the world?
dlinn [17]

A currency basket is a collection of various currencies with varying weightings. It is frequently used to determine the market value of another currency, a procedure known as currency peg. Forex traders may also use basket orders to trade many currency pairs at the same time.

Currency baskets are also used in contracts to minimize (or reduce) the risk of currency changes. Currency baskets include the European currency unit (which was replaced by the euro) and the Asian currency unit. The most well-known currency basket, though, is the US dollar index (USDX).

The drawbacks are:

  • The first thing to make is that a basket currency peg system is opaque.
  • The second issue is that an intermediate regime often limits certain sorts of policy collaboration and may even allow policy conflict.
  • The third drawback, and arguably the most important, is that the basket currency system makes no declaration of the criteria governing management.

To know more about currency basket click here:

brainly.com/question/16292202

#SPJ4

5 0
2 years ago
Nikea Inc. wants to buy a machine for $50,000. It expects a return of $20,000 in the first year, $24,200 in the second year and
maxonik [38]

Answer:

$2000

Explanation:

3 0
3 years ago
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