1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex Ar [27]
2 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]2 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.

You might be interested in
Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How m
Wewaii [24]

Answer:

See below

Explanation:

Given the above information, the average debtor days is computed as seen below.

= Total receivables / Credit sales × 365

Total receivables = $246,000

Credit sales $2,430,000

Then,

Average debtor days

= $246,000 / $2,430,000 × 365

= 36.95 days

Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year

4 0
2 years ago
As a sole proprietor, Jessica took out a loan to buy equipment for her in-home business. If Jessica's business does not make eno
Jet001 [13]
Based on the given scenario above, the correct answer for this would be option A. So based on Jessica's situation, the condition that the scenario describes would be UNLIMITED PERSONAL LIABILITY. Unlimited liability<span> refers to the legal obligations that one must assume. Hope this is the answer that you are looking for. </span>
3 0
2 years ago
Economists measure the personal satisfaction someone gets from consuming goods and services with the concept of
KiRa [710]
Economists measure the personal satisfaction derived from consuming goods and services with the concept of UTILITY. Utility refers to the total satisfaction derived from consuming a good or service. The utility of a good or service has direct influence on demand  and therefore price of that product.
6 0
3 years ago
_____ is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items re
Elden [556K]

Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.

<h3>What is procurement?</h3>

Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.

Procurement give account of all the logistics involved and the materials bought.

Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.

Learn more on procurement below

brainly.com/question/21011661

#SPJ1

5 0
2 years ago
A firm's financial statements are generally assumed to include its income statement and balance sheet. Which of the following pi
stellarik [79]

Answer: Liabilities

Explanation: The Balance sheet which is also known as the statement of financial position represent or shows an entity financial position at a single point in time. That is, it shows the Owners equity(capital), Liabilities and Assets of a firm for a financial period, usually a year.

On the other hand, the income statement shows and entity profitability over a period of time

5 0
3 years ago
Other questions:
  • Risks of fixed costs of a business are more for an alliance than an independent firm.
    13·1 answer
  • Why are adjustments made to the accounting records at the end of the period? (You may select more than one answer. Single click
    15·1 answer
  • Lydia works at a medical facility in which all employees are required to wear white shoes. lydia does not agree with this rule.
    11·1 answer
  • Joan is spending time in China and wants to start an Internet business there. The Chinese government tells her that certain item
    12·1 answer
  • Xanat is grief-stricken after the death of her mother. Consequently, her productivity at work is suffering. Humberto, her superv
    13·1 answer
  • Tory invested $600 a year for three years, then $700 a year for an additional four years. In year 9, she withdrew $1,500. She wi
    10·1 answer
  • Though the ________ method of setting an advertising budget is simple to use and helps management think about the relationships
    6·1 answer
  • The rate of return is the _____.
    5·1 answer
  • When a lender requires tax and/or insurance amounts to be deposited with the lender by placing the monies in an escrow account,
    5·1 answer
  • A firm has to choose between two technologies; both produce same output with one being labor intensive and other being capital i
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!