This is a False Statement.
Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.
Specifically, management accounting aims to
- provide Information for internal Organisation managers
- providing details to governmental regulating bodies
- Information for shareholders, the accounts payable department, and other parties outside the company
- information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.
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Answer:
$32.50
Explanation:
Calculation for the company's book value per common share
Using this formula
Book value per common share =[Stockholders' equity -Preferred shares*Preferred stock Stock price per share/ Shares of common stock outstanding,
Let plug in the formula
Book value per common share= [$680,000 - (500 x $60)]/20,000
Book value per common share=$680,000-$30,000/20,0000
Book value per common share= $650,000/20,000
Book value per common share=$32.50
Therefore the company's book value per common share will be $32.50
Yes, Product instruction are very useful for users to use products better which are presented on a User-Manual.
Product instruction or user guide tells people how to use the product in an efficient way. Product instruction usually contains step-by-step information about product’s feature and highlights the main features. It has proper description about how to use a particular product.
Product instruction provide information on how to use a particular product. This intents to provide proper usage advice and reduce the risk of bringing the product inoperable condition. Sometimes improper usage of product such as heat and fire generating devices; lasers and high voltage devices can cause serious injuries so it helps the user to avoid such conditions.
Product instruction explains the customer on how to use a particular feature of a product. All the information collected together in one place, so it saves time also. User does not has to look here and there for information.
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Here is the answer that would best complete the given statement above. <span>Some equity capital generally is used to start a BUSINESS REGARDLESS OF ITS LEGAL FORM. Hope this is the answer that you are looking for. Let me know if you need more help next time!</span>
Answer:
$60,000
Explanation:
Given:
Purchase price = $80,000
Old mortgage value = $65,000
Market value of house = $110,000
New mortgage value = $50,000
Equity in the house = ?
Computation of Equity in the house :
Equity in the house = Market value of house - New mortgage value
Equity in the house = $110,000 - $50,000
Equity in the house = $60,000