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Novosadov [1.4K]
3 years ago
9

Which accounting assumption or principle is being violated if a company is a party to major litigation that it may lose and deci

des not to include the information in the financial statements because it may have a negative impact on the company's stock price?
Business
1 answer:
joja [24]3 years ago
8 0
The accounting assumption is the full disclosure. For a business, the full disclosure rule requires an organization to give the important data with the goal that individuals who are acclimated to perusing monetary data can settle on educated choices concerning the organization. 
A disclosure is an extra data connected to an element's money related proclamations, normally as a clarification for exercises which have fundamentally affected the substance's monetary outcomes.
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A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n)________.
ozzi

Answer:

d. account This answer is correct

Explanation:

There are various types of accounts that are reported in the financial statements. The financial statement comprises of the income statement, balance sheet, statement of stockholder equity and the cash flow statement.

The recording of the increase in the specific asset, liability, revenue, expense, etc is called as an account

Just in net income, the revenue and expense account is reported. The asset, liability, stockholder equity which is reported in the balance sheet. The change in the values of the item is reported in the respective amount

7 0
3 years ago
On December 1, 2020, Sheridan Corporation incurs a 15-year $400000 mortgage liability in conjunction with the acquisition of an
Novosadov [1.4K]
Yessss when u get the answer tell meee
6 0
3 years ago
An office has 5 copy machines that need to be serviced approximately once an hour either for paper, staples, or toner or repair.
Anton [14]

Answer:

a. Average number of copiers in line is 0.275

b. Average number of copiers still in operation is 4.23

c. Average number being serviced is 0.496

d. No, the office should not do it

Explanation:

N = number of copy machines = 5

U = average time between unit service requirements = 1 hour = 60 minutes

T = average service time = 7 minutes

M = number of servers = 1

Cost of copier downtime = $20

Cost of attendant = $15

(a)  Service factor, X = T / (T+U) = 7 / (60+7) = 0.105

From the Finite Queuing Tables for a Population of N = 5,

For X = 0.105 and M=1, the efficiency factor, F = 0.945

So,  The average number waiting in line, L = N × (1 - F) = 5 × (1 - 0.945) = 0.275

(b) Average number in operation, J = N×F×(1 - X) = 5×0.945×(1 - 0.105) = 4.23

(c) Average number being serviced, H = F×N×X = 0.945×5×0.105 = 0.496

(d)  For M=1

The average number of copier down = N - J = 5 - 4.23 = 0.77

So, cost of downtime per hour = $20×0.77 = $15.4

Also, the cost of the server per hour = $15×M = $15×1 = $15

So, total cost = 15.4 + 15 = $30.4 per hour (i)

For M=2

From the Finite Queuing Tables for a Population of N = 5, with X = 0.105 and M=2, the efficiency factor, F = 0.997

J = N×F×(1 - X) = 5×0.997×(1 - 0.105) = 4.46

The average number of copier down = N - J = 5 - 4.46 = 0.54

So, cost of downtime per hour = $20×0.54 = $10.8

Also, the cost of the server per hour = $15×M = $15×2 = $30

So, total cost = 10.8 + 30 = $40.8 per hour (ii)

Comparing (i) and (ii), we can say that having another attendant is not cost-effective.

8 0
3 years ago
The present value of free cash flows is $15 million and the present value of the horizon value is $100 million. Calculate the pr
svet-max [94.6K]

Answer:

$115 million

Explanation:

Calculation for the present value of the business.

Using this formula

Present value=Free cash flow+Horizon value

Where,

Free cash flow =$15 million

Horizon value=$100 million

Let plug in the formula

Present value=$15 million +$100 million

Present value=$115 million

Therefore the Present value of the business will be $115 million

8 0
3 years ago
Describe how each of these accounts would appear after the following:______a) A cash dividend of $1 per shareb)10 percent stock
mamaluj [8]

Answer:

the stock will spilt

Explanation:

5 0
2 years ago
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