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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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Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits of using standa
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Answer:

c. used to indicate where changes in technology and machinery need to be made

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Standard Costs are established through past experiences and hence they can be used to control costs, and plan production schedules.

Changes in technology and machinery need to be made is part of perfomance management with a future outlook.

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A __________ is a private investment pool open only to wealthy or institutional investors that is exempt from sec regulation and
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The non payment of the N500 installment by Roland constitute a breach of the sales contract, However an evidence of a commitment to be liable for additional cost that will be incurred will make it possible for Selina to recover the damages.

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Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of mone
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The statement " An economist would look for data on past changes in the money supply, and note the resulting changes in the price level " is correct.

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Red Co. acquired 100% of Green, Inc. on January 1, 2012. On that date, Green had inventory with a book value of $42,000 and a fa
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D) $15,000.

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and we will amortize the equipment at 14,000 per year

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