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Alex Ar [27]
3 years ago
9

Different companies using the same accounting principles is an example of _________________. For instance, this occurs when two

different companies both use the accrual accounting rather than cash-basis accounting or when both companies use the same method to compute depreciation rather than using two different methods.
Business
1 answer:
iris [78.8K]3 years ago
4 0

Answer: Comparability

     

Explanation: Financial statements of an organisation indicates the position of the business on the market and what are its future prospects. Thus, every organisation markets have to follow same accounting principles while preparing financial statements so that investors in the market could compare different alternatives.

Hence the given statement is an example of comparability.

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Downward sloping ; more elastic.
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2 years ago
Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c
kipiarov [429]

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numerous cost pools and numerous cost drivers

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Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

6 0
3 years ago
Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an
Nezavi [6.7K]

Answer: Corporate charter

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