1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ICE Princess25 [194]
3 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]3 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.

You might be interested in
Now that you have learned about the different types of decision-making styles, write a short essay about the kind of decision ma
Lunna [17]

Answer:

just copy and paste something random in there, they only grade it for completing it they don't go back and check

Explanation:

I take that class in edmentum

5 0
3 years ago
Which of the following reasons would cause a company to reject an offer to accept business at a special price?
zysi [14]

Answer:

The additional sale will not conflict with regular sales.

Explanation:

Accept business at a special price if the additional sales conflict regular sales. That is, special price must maintain the status quo or improve it.

8 0
2 years ago
Lipstik, Inc. makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying o
Zanzabum

Answer:

Fraud.

Explanation:

Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.

In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.

Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.

8 0
3 years ago
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their feres
Scorpion4ik [409]

Solution:

Let's start by assuming that the taxi ride demand is extremely elastic, to the extent that it is vertically sluggish! If the cabbies raise the fair price by 10% from 10.00 per mile to 11.00 per kilometre, the number of riders remains 20.

Total income before fair growth= 20* 10= 200.

Total income following fair growth = 11* 20= 220.

A 10% increase in the fare therefore leads to a 10% increase in the driver's revenue.

Therefore, the assumption in this situation is that the cab drivers think the taxi driving requirement is highly inelastic.

The demand curve facing the drivers of the cab is still inelastic, but not vertically bent.

When the rate increased from 10% to 11, riders declined from 20% to 19%

Total revenue before fair growth is 20* 10= 200

The gap between revenue and fair growth is 19* 11= 209

This means that a realistic 10% raise doesn't result in a 10% boost on income Because the market curve for taxi rides is not 100% inelastic, but rather low inelastic, so that a fair increase (control) allows consumers to lose their incomes.

7 0
3 years ago
1) What are the three primary determinants of behavior in organizations?
scoray [572]

Answer:

The three primary determinants of behavior in organizations are employee dynamics, available resources and work environments.

6 0
3 years ago
Other questions:
  • The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex
    12·1 answer
  • Which controls almost all of the media industry?
    8·2 answers
  • From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. The
    12·1 answer
  • Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
    9·1 answer
  • Which resource management activity identifies and verifies that personnel are qualified for a particular position? A. Qualifying
    12·1 answer
  • A bond has a standard deviation of 10.7 percent and an average rate of return of 6.4 percent. What is the coefficient of variati
    13·1 answer
  • Trying to get the answer to this
    5·1 answer
  • The word local describes:
    13·1 answer
  • Let's pretend you have $1,200 a month to spend on rent. Be sure that there is at least
    14·1 answer
  • Which 2 statements are true about payment links in QuickBooks<br> Online?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!