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Alexxx [7]
3 years ago
9

Four different competent accountants independently agree on the amount and method of reporting an economic event. The concept de

monstrated is:
Business
1 answer:
Savatey [412]3 years ago
7 0

Answer:

The correct answer is: Verifiability.

Explanation:

Verifiability implies that the accounting information displayed in the financial statements must be verified by more than one accountant. The concept also implies the information provided in the records are reliable enough so that different professionals can eventually come to the same conclusions using similar accounting methods.

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The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of
ollegr [7]

Answer:

one that reallocates income

7 0
3 years ago
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Investment is a a. small part of real GDP, so it accounts for a small share of the fluctuation in real GDP. b. small part of rea
Colt1911 [192]

Answer: Option (b) is correct.

Explanation:

Correct option: Small part of real GDP, yet it accounts for a large share of the fluctuation in real GDP.

Investment contains spending on equipment, machinery, structures and property are called as fixed investment and investment in stock. It is normally a small part of real GDP but it is responsible for the large fluctuations occur in the real GDP.

It is an important component of GDP because it increases the productivity and boosts the employment opportunities.

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3 years ago
What is the product 0.3 × 8.7? please help me
mixas84 [53]

Answer:

2.61

Explanation:

8 0
3 years ago
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Journalizing issuance of stock—at par and at a premium
suter [353]

Answer:

a.

Cash                                                                           27000 Dr

     Common Stock                                                            13500 Cr

     Paid in capital in excess of par-Common stock         13500 Cr

b.

Cash                                                    135000 Dr

     Preferred Stock                                   135000 Cr

Explanation:

a.

When we issue stock at premium, we always record the amount received from such issuance of stock at full. So, the cash account will be debited for 4500 * 6 = 27000

However, we record the common stock issued at par value and the remaining is credited under the reserve account which is Paid in capital in excess of par.

Thus the common stock will be credited by its par value of 4500 * 3 = 13500 and the remaining 4500 * 3 will be credited to the Paid in Capital account.

b.

The par value of the preferred stock is 4500 * 30 = 135000

Thus the preferred stock is issued at par and we simply debit the cash received from the issue and credit the preferred stock.

4 0
3 years ago
Which situation best Illustrates the effects of inflation
Vitek1552 [10]

Answer:

creo que son 600000 pero no estoy segura busca en otro sitio

8 0
3 years ago
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