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wlad13 [49]
3 years ago
13

Select the qualitative characteristics for the following statements.

Business
1 answer:
bija089 [108]3 years ago
5 0

Answer:

Options includes the followings: Relevance, Faithful representation, Predictive value, Confirmatory value, Comparability, Completeness, Neutrality, Timeliness.

a. Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena. select a qualitative characteristic.

Qualitative characteristics: Comparability

b. Having information available to users before it loses its capacity to influence decisions.

Qualitative characteristics: Timeliness

c. Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.

Qualitative characteristics: Predictive Value

d. Information that is capable of making a difference in the decisions of users in their capacity as capital providers.

Qualitative characteristics: Relevance

e. Absence of bias intended to attain a predetermined result or to induce a particular behavior.

Qualitative characteristics: Neutrality

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Meaning of creative thinking​
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The mickey and mouse cat food factory runs an aggressive marketing campaign and much to the? delight, orders surge to twice thei
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In conducting their research, economists often substitute historical events and historical episodes for
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b. laboratory experiments.

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Laboratory experiments -

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Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
kotegsom [21]
Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185

To determine the total assets, we only have to consider the following:
</span>cash                                         7,530 
accounts receivable                 2,100 
prepaid expenses                       700 
equipment                              13,700 
<span>accumulated depreciation   <u>    (1,100) </u>
</span>Total assets:                         22,930    CHOICE D.

NET INCOME: 
fees earned                                9,250 
<span>wages expense                         (2,500) </span>
<span>rent expense                             (1,960) </span>
<span>utilities expense                           (775) </span>
<span>depreciation expense                   (250) </span>
<span>miscellaneous expense         <u>       (185)</u>
</span><span>Net Income                                  3,580

LIABILITIES AND S.H.E
</span>accounts payable                        1,900 
<span>notes payable                              4,300 </span>
<span>common stock                             1,000 </span>
<span>retained earnings                       12,940 </span>
<span>dividends                                      (790) 
</span>Net Income                              <u>     3,580</u>
TOTAL LIABILITIES & SHE      22,930
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