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Reil [10]
3 years ago
15

The needs of users of government financial reports are the same as those of users of business entity financial reports.

Business
1 answer:
olga55 [171]3 years ago
5 0

Answer:

FALSE

Explanation:

The needs of users of government financial reports are NOT the same as those of users of business entity financial reports.

Users who are interested in government financial reports which has to do with understanding the financial performance of federal, state and local governments ; do so, to understand if the purpose of governance is being achieved which is the well-being of the citizens (Economy and Defense).  

Contrariwise, users of business entity financial reports, which has to do with understanding the financial performance of business organisations, do so, to understand if the purpose of business establishment is being achieved which is the profit-maximization.

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Oriole Company has old inventory on hand that cost $24750. Its scrap value is $33000. The inventory could be sold for $82500 if
lara [203]

Answer:

Manufacture further and sell it for $82,500

Explanation:

Profit in such case will be:

Sales amount                  $33,000

Less: Cost of Inventory   $24,750

Profit                                 $8,250

Process further and sell.

Profit will be:

Sales value:                              $82,500

Less: Further processing cost $24,750

Less: Cost of Inventory           $24,750

Profit on Inventory                   $33,000

6 0
3 years ago
If a team uses wikis to collaborate on a​ report, the editing and upgrading of information should be done by​ __________.
astra-53 [7]
The answer to this question is the letter "E" which is the "anyone in the organization". Wiki is a blog or a website where anyone in the organization is allowed to access it to view and access materials and edit it. Hence, is a team uses wikis to collaborate on a report, the editing and updating of the report should be done by anyone in the organization.
3 0
4 years ago
A study of interior designers' opinions with respect to the most desirable primary color for executive offices showed that:
weqwewe [10]
It showed that most people prefer red color in their executive offices.
Red is a primary color which most people associate with good feelings, so it's no wonder these interior designers believe it will benefit the workers in their workplace.
6 0
3 years ago
Classify each of the following based on the macroeconomic definitions of saving and investment.1. Susan borrows money to build a
MrMuchimi

Answer:

1. Investment

2. Savings

3. Savings

4. Investment

Explanation:

In macroeconomics we define the savings as an outcome of earnings not spent.

And that the investment is amount spent on sources generating long term income, and increasing the wealth, that is durable.

The money borrowed for building a lab, will create a capital asset for the company with which the company can generate the funds and earnings.

The stock purchased is reflection of extra money available with the company, that represents savings.

Government bonds also reflects the utilization of savings.

Condominium is a huge building or complex, again capital in nature, creates an investment for the company.

4 0
3 years ago
Oscar Cinema Studios rewards its retiring officers with miniature gold statuettes if the officers complete at least 10 years of
bixtya [17]

Answer: $800

Explanation:

In this scenario in the question, we should note that there's is no discrimination which favors the officers.

The deduction for the gifts by Oscar will then be $400 for every recipient and the cost spent on each statuette by the company.

Therefore, the amount that Oscar can deduct for these gifts will be:

= $400 + $400

= $800

6 0
3 years ago
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