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
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
During 20X0, Pard Corp. sold goods to its 80%-owned subsidiary, Seed Corp. At December 31, 20X0, one-half of these good were inc
wolverine [178]

Answer:

The amount to be repot is $1,450,000

Explanation:

in this question, we are asked to calculate the amount of selling expenses to be recorded in the company’s consolidated income statement for that year.

To answer this question, we employ a mathematical approach;

Mathematically;

Selling expenses = Total expenses - Contra Expenses

from the question, we identify that total expenses is (1,100,000 + 400,000) = $1,500,000

Contra expenses = $50,000

The selling expenses is thus; 1,500,000 - 50,000 = $1,450,000

4 0
3 years ago
A savings account is useful for all of the following purposes EXCEPT…
Dimas [21]

Answer:

The correct answer is letter "A": Putting aside money for retirement.

Explanation:

Savings accounts are those where individuals' can deposit money to profit from the annual interest banks and financial institutions provide. Retirement accounts, on the other hand, are those funded with money discounted from employees' paychecks and do not allow withdrawals unless there is a major qualifying event -<em>if the type of retirement account allows it</em>.

8 0
3 years ago
Read 2 more answers
Violations of security policies are considered to be a(n) __________ issue upon which proper disciplinary actions must be taken.
kari74 [83]

<u>Answer: </u>

Violations of security policies are considered to be a law enforcement issue upon which proper disciplinary actions must be taken.

<u>Explanation: </u>

  • The security policies put into place by the organization actually serve as the first wall of protection for the organization.
  • The organization makes it clear through its security policies what actions would be deemed as an attempt to breach the security and what actions are prohibited within and outside the premises of the organization as an employee of the organization:
4 0
3 years ago
Douclamp, a steel manufacturing company, makes small investments in three iron ore plants in different cities. When one of the p
Bess [88]

Answer: Options-based planning

Explanation:

The Option based planning is one of the concept that helps in maintain the flexibility of the various types of plans for making the various types of investments.

The main purpose of the option based planning is that it helps in maintaining the slack resources are are specifically used in the for  of extra resource for the purpose of adapting the various types of changes and also the problems.

According to the given question, the Douclamp is one of the type of manufacturing company that basically making small level of investments on the iron ore plant.

Therefore, Douclamp is using the options based planning based on the given scenario.  

8 0
3 years ago
The writing format includes all but the following _____.
BlackZzzverrR [31]
I think that the answers is c
5 0
3 years ago
Read 2 more answers
Other questions:
  • o reduce its stock price, Shriver Food Systems, Inc., declared and issued a 100 percent stock dividend. The company has 800,000
    14·1 answer
  • Consider the recorded transactions below.
    6·1 answer
  • Using the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $54,000. If the balance
    6·1 answer
  • Which of these can a student use a career assessment for?
    11·1 answer
  • When completing a worksheet, the
    11·1 answer
  • Commercial paper is issued with maturities that do not exceed 270 days because: A. Companies do not want to pay high interest ra
    13·2 answers
  • You just signed a business consulting contract with one of your clients. The client will pay you $50,000 a year for five years f
    14·1 answer
  • Which are the four longest standing departments in the federal bureaucracy?
    14·1 answer
  • You purchased 100 shares of stock for $78 per share. You sold the stock four years later for $92 per share. What is your gain af
    7·1 answer
  • Language is the most complex challenge global marketers face.<br><br> True<br> False
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!