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Kruka [31]
3 years ago
5

The Restatement (Second) of Torts Approach

Business
1 answer:
Tems11 [23]3 years ago
8 0

Answer:

d. Expands an accountant's legal liability to third parties identified by the client as intended recipients of work.

Explanation:

The Restatement of Torts Approach is basically an amendment in American Law. It expands the scope of accounting to be more true and fair in representing the results.

Further it expands the liability of an accountant in the company towards the third party to assure the remaining balance to be paid in proper manner.

This is to confirm the proper outstanding amounts as the company aims, to match the balance with that in the books of third party.

Thus, correct statement is D.

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The term soft money refers to illegal contributions made to candidates from lobbyists attempting to gain access.a. True b. False
aksik [14]

Answer:

False

Explanation:

Soft money is a donation not directly given to a candidate but to a party to be used in National Committees, but not in a federal campaigners.

It is not so regulated as the Hard Money.

Since the Supreme Court has allowed this in 2014 after being banned by legislation in 2002 (<em>Bipartisan Campaign Reform Act</em>) it is not illegal. But it has some rules.

3 0
4 years ago
If the required reserve ratio is 10% and the fed conducts an open market purchase of $100, what is the maximum possible change i
PSYCHO15rus [73]

The maximum possible change in the money supply would be $1,000.

<h3>An open market notion is what?</h3>

A system of commerce that is open to free-market activity has few to no restrictions on it. An open market is one that doesn't have any tariffs, taxes, licensing requirements, subsidies, unionization, or other rules or behaviors that obstruct the operation of the free market.

<h3>What do open market operations aim to achieve?</h3>

The goal of open market operations is to alter the reserve balances of American banks and trigger retaliatory changes to the current interest rates. The Fed can boost the amount of money in the country by purchasing securities.

To know more about open market visit:

brainly.com/question/28290429

#SPJ4

3 0
1 year ago
Capital goods are goods that will be used in the future to produce more goods and services. True or False
MissTica

Answer:

The statement is: True.

Explanation:

Capital Goods are <em>assets with more than one year of useful life</em> that are used to generate other goods and income. <em>Capital goods and assets</em> as terms apply to the same category of resources but the context defines which one is being used. In the context of economic analysis, <em>capital goods</em> are used to refer to the amount of capital goods purchased and used in the overall economy. <em>Capital assets</em> is a term that is used more commonly in accounting and finance.

3 0
3 years ago
During its first year of operations, Ivanhoe Company had credit sales of $2,781,600, of which $368,300 remained uncollected at y
Sergeeva-Olga [200]

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $19,340

      To Allowance for doubtful debts $19,340

(Being estimated uncollectible amount is recorded)

For recording this journal entry, we debited the bad debt expense account and credited the  Allowance for doubtful debts so that the amount is correctly recorded in the correct item.

7 0
4 years ago
A relatively small team of people who collaborate on the same project is called a:
agasfer [191]
Enterprise, it's called an enterprise
5 0
3 years ago
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