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belka [17]
2 years ago
8

Which of the following statements is CORRECT? a. Prior to the Enron scandal in the early 2000s, companies would put verbal infor

mation in their annual reports along with the financial statements. That verbal information was often misleading, so today annual reports can contain only quantitative information—audited financial statements. b. The annual report is an internal document prepared by a firm's managers solely for the use of its creditors/lenders. c. Assets other than cash are expected to produce cash over time, and the amounts of cash they eventually produce should be exactly the same as the amounts at which the assets are carried on the books. d. The primary reason the annual report is important in finance is that it is used by investors when they form expectations about the firm's future earnings and dividends and the riskiness of those cash flows. e. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity.
Business
1 answer:
Stels [109]2 years ago
7 0
It is that because it’s just that
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Education is the basic requirement for profession.Explain this statement​
True [87]

Answer:

The answer is below

Explanation:

Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.

For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.

Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.

For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.

5 0
2 years ago
Both Justin and Craig are business majors and live in the same dorm, but Justin's room looks like a Cabela's showroom, with fish
Sladkaya [172]

Answer:

The correct answer is D

Explanation:

Lifestyle is stated or expressed in both leisure and work behavior patterns and in the values, activities, opinions, attitudes, interest and allocation of income. It also states the self image of the person.

In other words, it is the way of life created through individual, society, group or culture. It comprise of patterns of interest, work, consumption and interaction that define how the person spends their time.

So, in this case, the different in the lifestyle among Craig and Justin.

5 0
3 years ago
Greg, who is from florida and a geologist for exxonmobil, decided to transfer to an office in saudi arabia. greg is a(n) ____.
Lunna [17]
The best term to the situation where Greg is in is that he is an expatriate. It is a term called to a person who resides or is living outside his country. This explains the situation where Greg is in Saudi Arabia when he originally from Florida. This is also a term that describes to a person who is living abroad.
7 0
3 years ago
Prepare adjusting entries for the following transactions.
g100num [7]

Answer:

1. Debit Depreciation expense  $1,340

  Credit Accumulated depreciation  $1,340

2. Debit Interest expense  $275

   Credit Accrued Interest  $275

3. Debit Supplies expense  $450

   Credit Supplies Account  $450

4. Debit Unearned Service revenue  $3,100

   Credit Service revenue  $3,100

5. Debit Salaries expense  $900

   Credit Accrued Salaries  $900

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

It is recorded by debiting depreciation and crediting accumulated depreciation.

When interest is incurred as an expense but yet to be paid, it will be accrued for by Debiting Interest expense and crediting accrued Interest. The same applies to salaries incurred but yet to be paid.

When Supplies is purchased, Debit supplies and credit Cash/Accounts payable. As Supplies are used up, debit supplies expense (with the amount used) and Credit Supplies account.

Amount of supplies used up = $550 - $100

= $450

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

Debit Cash account and Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

Earned revenue = $4,000 - $900

= $3,100

5 0
3 years ago
A study examined the employment benefits of getting a PhD degree.PhD degree. The researchers made inferences based on employment
ss7ja [257]

Answer:

Option D

Explanation:

This is the group whom the researcher wants to know more about and to draw inference from.

8 0
3 years ago
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