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ICE Princess25 [194]
4 years ago
13

The Financial Accounting Standards Board has the authority to develop generally accepted accounting principles. Choose the optio

n below that contains the steps used by the FASB in developing GAAP.
a. steps include: publishing a notice in the newspaper, seeking public opinion, and issuing a statement of principle.
b. steps include: issuing a discussion memorandum, filing a legal draft, and notifying the SEC.
c. steps include: filing a complaint with the SEC, issuing an internal report, and issuing a statement of principle.
d. steps include: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle.
Business
1 answer:
olga2289 [7]4 years ago
4 0

Answer:

d.

Explanation:

Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.

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Whats effect unemployment in economy?​
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Answer:

when someone is unemployed(does not have a job), but still benefits the economy in some way

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3 years ago
Read 2 more answers
How do prevention and resistance technologies stop intruders from accessing and reading sensitive information?A) Content filteri
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Answer: A. Content filtering, encryption and firewalls.

Explanation:

Due to fraud and other security challenges, prevention and resistance technologies are important in order to help computer and internet users to protect their informations.

Ways to achieve this include content filtering, encryption and firewalls. Content filtering is when the access to a particular web content is restricted. Encryption has to do with the translation of data into another form so that it won't be accessible to anyone without the password. Firewall is also done on order to curb unauthorized access.

7 0
4 years ago
The receivable that is usually evidenced by a formal instrument of credit is a(n) A. trade receivable.B. note receivable.C. acco
evablogger [386]

Answer:

B. note receivable

Explanation:

The note receivable require the debtor to pay the promise amount at the moment that was agreed.

The note receivable represent a claim over a debtor of credit issued as evidence of debt, it usually requiere the debtor to pay interest.

If the note receivable is due within 1 year it's considered a current asset in the balance sheet.  

6 0
3 years ago
(Ignore income taxes in this problem.) Henscheid Roofing is considering the purchase of a crane that would cost $104,972, would
shutvik [7]

Answer:

IRR is 12%

Explanation:

The internal rate of return on the investment can be computed using the IRR formula in excel:

=IRR(values)

The values are the cash flows for the relevant years arranged as shown below:

Years   Cash flows

0             -$104,972

1                $23,000

2               $23,000

3               $23,000

4               $23,000

5               $23,000

6                $23,000

7                $23,000

=irr(values from -$104,972-$23,000 in year 7)

irr=12%

Kindly find attached excel with the computation of IRR as well

The internal rate of return is the rate of return on investment where present value of cash inflows equal the initial investment

Download xlsx
3 0
4 years ago
What happens when supply goes down, economics,effects,business?
I am Lyosha [343]
Supply of goods and services can go down.The needs and demands of people are unlimited and there are limited resources.So it is common that supply can go down anytime.In this case it not only effects the business but also the people cant be able to fulfil their wants and deires.There will be problems in the economic growth in the country.There will be rising poverty , unemployment if it lasts for too long.
6 0
3 years ago
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