1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
givi [52]
3 years ago
11

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being

closed or sold, unless evidence shows that it will not continue, is the: A. Cost Principle. B. Going-concern assumption. C. Objectivity principle. D. Monetary unit assumption. E. Business entity assumption.
Business
1 answer:
Elan Coil [88]3 years ago
7 0

Answer:

B. Going-concern assumption.

Explanation:

The financial statements are normally prepared on the assumption that an entity is a going concern and will continue in operation for a foreseeable future. Hence, It is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations. If such an intention or need exists, the financial statements have to be prepared on different a basis and , if so , the basis used is disclosed.

You might be interested in
In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will
aliya0001 [1]

Answer:

a. Supply increases, Supply curve shifts to the right

b.  Demand decreases, Demand curve shifts to the left

c. Demand increases, Demand curve shifts to the right

d.  Supply decreases, Supply curve shifts to the left

Explanation:

a. There have recently been some important cost-saving inventions in the technology for making paint- Supply will increase due to lower cost in production. Shifting the supply curve to the right. Price of paint will fall and quantity will increase.

b. Paint is lasting longer, so that property owners need not repaint as often- Demand for paint will fall due to its long lasting. This shifts the demand curve to the left decreasing the price and quantity of paints.

c. Because of severe hail storms, many people need to repaint now- Demand for paint will increase shifting the demand curve to the right increasing the price and quantity of paints.

d. The hail storms damaged several factories that make paint, forcing them to close down for several months- Supply of paint will decrease as factories close down. This will shift the supply curve to the left increasing the price of pain and decreasing the quantity of paint.


8 0
2 years ago
Supporters of rent control say that it _____ the price of renting an apartment.
antoniya [11.8K]
A: raises

B: lowers

c: does not change

I would put B as the answer because the government helps control the price so everyone can rent an apartment. 
3 0
3 years ago
A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s
posledela

Answer:

exporting

Explanation:

The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer

According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0
2 years ago
According to the Principle of Utility within the ethical theory of Utilitarianism, happiness is an extermely important factor in
Daniel [21]

True.

The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.

6 0
3 years ago
A portfolio is made up of stocks a, b, c, and d in the proportion of 20%, 30%, 25%, and 25% respectively. the nondiversifiable r
kow [346]

The portfolio beta would simply be the summation of the weighted average of each beta.

Where weighted average of each beta is calculated as:

Stock weighted average = Stock proportion * Individual beta

Therefore,

Stock A beta weighted average = 0.2 * 0.4 = 0.08

Stock B beta weighted average = 0.3 * 1.2 = 0.36

Stock C beta weighted average = 0.25 * 2.5 = 0.625

Stock D beta weighted average = 0.25 * 1.75 = 0.4375

The summation of all betas yield the overall portfolio beta:

Portfolio beta = 0.08 + 0.36 + 0.625 + 0.4375

<span>Portfolio beta = 1.5025 ~ 1.5</span>

4 0
3 years ago
Other questions:
  • Imagine visiting a foreign nation and having to resolve a minor issue with your passport and travel plans. If someone told you t
    6·2 answers
  • A useful guideline in designing policies and operating procedures that facilitate good strategy execution is ________.
    13·1 answer
  • Hunter, Inc.'s accounts receivable increased during the year by $407,000. Its bad debt expense was $235,000, and its allowance f
    13·1 answer
  • If ticket prices were decreased by 10%, passenger flights would increase by 25%. However, total variable costs would increase by
    13·1 answer
  • Age Group Amount Estimated Percent Uncollectible Estimated Allowance 0–30 days $ 420,000 2 % $ 8,400 31–60 days 140,000 5 % 7,00
    7·1 answer
  • The price of a swimming pool has been discounted 16.5%. the sale price is $1152.30. find the original list price of the pool.
    13·1 answer
  • Input costs that require an outlay of money by the firm are called _______ costs while input costs that do not require an outlay
    6·1 answer
  • An accountant’s standard report on a compilation should state that the accountant:(A) Has not audited or reviewed the accompanyi
    13·1 answer
  • How do you make money in the stock market?
    10·2 answers
  • How can World Literature help a businessman or a top executive in a multinational corporation? Will an interest in books be an a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!