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n200080 [17]
3 years ago
5

According to the Full Disclosure Principle, all thins that can materially affect the financial status of the firm must be disclo

sed somewhere in the financial statements.
True / False.
Business
1 answer:
Olenka [21]3 years ago
8 0

Answer: True

Explanation: The full disclosure principal states that any material information, that can affect the judgement of a rational investor or other stakeholder, must be stated in the financial statement.

These disclosures can be made on press releases, supplementary reports and other such communications etc.

Hence, from the above we can conclude that the given statement is true.

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_____ involves comparing the percentage of minorities and the percentage of women employed in each job category to the availabil
lisov135 [29]

Answer:

The correct answer is letter "A": Job group analysis.

Explanation:

Job group analysis is the evaluation carried out by a company to determine the amount of workforce available and the number of job positions required to cover the operations expected. Besides, it considers the diversity present among existing employees based on <em>age, race, gender or ethnicity</em> to mention a few examples.

3 0
3 years ago
Read 2 more answers
Bank capital can best be described as a. the location of most of the major banks of a country. b. the accumulated amount of rese
LenKa [72]

Answer:

c. funds contributed by shareholder purchasers of a bank's stock plus the accumulated retained earnings.

4 0
3 years ago
Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory i
xeze [42]

Answer:

230

Explanation:

Calculation for Champ’s budgeted production (in units) for May

CHAMP INC.

Production Budget For month ended May 31

Sales during the month 230

Less: Opening Stock (138)

(60%*230)

Sales units required to produce in May 92

(230-128)

Sales during June 230

Add: Closing stock of May 138

(230*60%)

Budgeted production (in units) for May: 230 (138+92)

Therefore Champ’s budgeted production (in units) for May will be 230

8 0
3 years ago
Murphy Inc. has two new liabilities. The first liability is due in one year and has a face value of $1,500,000 and present value
Tanzania [10]

Answer:

$5,896,778

Explanation:

The computation of the increase value in the liabilities section is shown below:

= Present value of the first liability due in one year + Present value of the second liability due in three years

= $1,388,889 + $4,507,889

= $5,896,778

For computing the increase value in the liabilities we simply added the present value of two liabilities given in the question

7 0
3 years ago
A country in which most economic decisions are made by individuals or private companies has a system that falls in the main cate
astraxan [27]

Answer: Market Economy

Explanation:

A country in which the economic decisions are majorly controlled by individuals or private companies is a market economy.

A market economy is an economic system where there is very little government interference which is in the form of regulations, the economy is controlled mainly by private individuals and production is determined by the forces of demand and supply.

4 0
3 years ago
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