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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.

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In Brooklyn, New York, a pharmacy technician works in a neighborhood with many ethnicities. Many people are direct descendents o
Kay [80]

Answer:

A difference in languages between the parties

Explanation:

If the people are different ethnicities like, Russian, Polish, and Hebrew, they most likely do not speak the same language as each other or as the pharmacy technician.

6 0
3 years ago
As of December 31, 2015, Juneau Company had total cash of $155,000, notes payable of $85,600, and common stock of $52,400. Durin
Illusion [34]

Answer:

ending RE 30,000

Explanation:

Using the acounting equation we solve for the beginning RE

<em>Assets = liab + equity</em>

155,000 = 85,600 + 52,400 + Retained Earnings

155,000 - 85,600 - 52,400 = <em>17,000</em>

beginning RE 17,000

net income

revenues 36,000 - 20,000 expenses = 16,000

dividends: 3,000

ending RE: 17,000 + 16,000 - 3,000 = 30,000

6 0
3 years ago
Gross pay minus deductions is known as take home pay.<br><br> True<br> False
IceJOKER [234]
Gross pay minus deductions<span>. Also </span>called take-home pay<span>. A special checking account used to </span>pay<span> a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, </span>deductions<span>, and net </span>pay<span> for each employee.

Hopes this information helps

</span>
6 0
3 years ago
G4S is a company that provides security services. Saving lives is not the employees' primary job. Which of the following options
professor190 [17]

Answer: A

Cross training

Explanation:

Cross training involves teaching an employee the the skills required to execute the task he/she was employed for and also the skills required to perform a different job function. G4S is a security firm and the primary job function of its recruit will be protecting life but there might be case of an injured individual that need quick medical help, in such cases an employee is required to know basic first aid. Hence the need for cross training.

3 0
3 years ago
ssume that interest rate parity exists. You expect that the one-year nominal interest rate in the U.S. is 7%, while the one-year
EleoNora [17]

Answer:

The answer is A. $5,784,000

Explanation:

[(1.08)/(1.11)] -1 = -3.6%

Thus one year forward rate is 0.60*[1 +(0.036)] = $5784

$5784 * 10 000 000= <u>$5,784,000</u>

8 0
3 years ago
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