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REY [17]
3 years ago
12

Qualitative characteristic being employed when companies in the same industry are using the same accounting principles. select a

n appropriate qualitative characteristic (b) Quality of information that confirms users’ earlier expectations. select an appropriate qualitative characteristic (c) Imperative for providing comparisons of a company from period to period. select an appropriate qualitative characteristic (d) Ignores the economic cons
Business
1 answer:
Sidana [21]3 years ago
7 0

Answer:

The correct answer is comparability.

Explanation:

One of the qualitative characteristics of financial information is the comparability that is defined as allowing general users to identify and analyze the differences and similarities with the information of the same entity and with that of other entities, over time. The Financial Information Standard A-4, Qualitative characteristics of the Financial Statements, describes this characteristic in detail. The financial figures allow us to observe the evolution of our own company and evaluate the distance that separates us from other organizations.

In the case of publicly traded companies, such comparisons can be made that allow us to refine our financial criteria and guide, for example, our decisions as investors. Of course, there are many elements to consider and the more we consider, the stronger our performance will be.

You might be interested in
Which of the following statements is true? Group of answer choices The further in the future you receive a dollar, the less it i
nataly862011 [7]

Answer:

B). The further in the future you receive a dollar, the less it is worth today.

Explanation:

The second option asserts a true claim that 'the later we receive a dollar in future, the less it is worth today' as the market value of dollar can be seen significantly rising and therefore, it's value is much higher in relation to the value of other currencies across the globe. If a person receives a dollar today, it's worth can be much higher in the upcoming time and therefore, a lower amount today can become a huge amount tomorrow, if invested properly today. Thus, <u>option B</u> offers a true statement while the others state incorrect claims.

7 0
3 years ago
Scarborough Faire Herb Farm is a small company specializing in selling organic fresh herbs, teas, and herbal crafts. Currently,
kirza4 [7]

Answer:

Sales This year will be $180,800

Explanation:

Total Sales Last Year = $160,000

Growth rate of sales = 13%

Sales This year = Total Sales last year x (1+Growth rate)

Sales This year = $160,000 x (1+13%)

Sales This year = $160,000 x (1+0.13)

Sales This year = $160,000 x 1.13

Sales This year = $180,800

4 0
3 years ago
A(n) ____ is the transfer of the control of operations and management from one firm to another with the former becoming a unit o
olya-2409 [2.1K]

Answer:

acquisition

Merger

Explanation:

Acquisition is when a company purchases almost all the shares of another company in order to have full control over it. For companies that are distressed or are not able to operate as a going concern, such can put up the company for sale.

In acquisition, the buying company oftentimes retain its name which is already a brand , work and build on the strength of the old company in order to achieve returns. Companies acquire other companies in order to have large market shares and also to diversify their business operation.

One of the benefit of acquisition is that it gives room for fresh ideas due to coming together of different people and also brings people that are experts in their various fields.

Merger is when two or more firms comes together to form a single entity.

Companies or firm merge in order to form an alliance and also send strong signals to other competitors.

Firms also merge in order to increase their financial capacity. This will enable them to be able to finance their business operations. They are also able to increase their asset base as a result of the merger.

4 0
3 years ago
Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happe
Alexxandr [17]

Answer:

It would fall

Explanation:

The unemployment rate measures the amount of people who are out of a job for at least 4 weeks, and are actively seeking to find a new job. If a person is not willing or able to search for a job, he/she is not considered unemployed nor part of the labor force.

If unemployed people just quit looking for jobs, the unemployment will decrease even though the number of people who are out a job increases. This happens because as soon as someone quits looking for new job, they are not considered unemployed anymore.

6 0
3 years ago
Which of the following is a likely reason for choosing FDI instead of licensing?
Romashka [77]

Answer:

The correct option is B

Explanation:

FDI is an investment in the business through an investor from another country and control is with the foreign investor over the company purchased.

Licensing means all the contracts to which the third part has granted or licensed any right to its subsidiaries or company.

So, the reason for preferring FDI instead of license is sharing the intellectual know how with the foreign rival might be risky as this is a limitation in licensing.

8 0
3 years ago
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