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almond37 [142]
3 years ago
10

What is the objective of financial reporting? Provide information that clearly portrays nonfinancial transactions. Provide infor

mation about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors. Provide information that excludes claims to the resources. Provide information that is useful to management in making decisions.
Business
1 answer:
sladkih [1.3K]3 years ago
8 0

Answer:

Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.

Explanation:

Financial reporting refers to the presentation and disclosure of financial information of an entity to the public, investors, lenders and other stakeholder.

Financial reporting is carried out by reporting financial statements (balance sheet, income statements), statement of cash flows and other relevant/necessary disclosures, notes as required by law or statute or which are essential for better comprehension of such financial information.

Such information helps lenders to know the financial health of the entity, helps investors to decide whether it would be beneficial to invest in the entity, assures government of the compliance of laws by the entity, etc.

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The _____ ensures the safety and quality of foods sold across state lines with the exception of red meat, poultry, and egg produ
-Dominant- [34]

Answer:

The correct word for the blank space is: Food and Drug Administration.

Explanation:

The U.S. Food and Drug Administration (<em>FDA</em>) is the agency responsible for regulating foods, medicines, cosmetics, medical equipment, biological products, and blood derivatives. The FDA's main role is to protect public health and to regulate the development and use of new drugs.

4 0
3 years ago
Explain why unions have declined in power in the last few decades.
Agata [3.3K]

Answer: See explanation

Explanation:

There are a number of reasons for the reduction in the power of unions in the last few decades.

One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.

Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.

Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.

7 0
3 years ago
Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales p
Juliette [100K]

Answer:

The answer is option E) The type of analysis that Jamie is doing is best described as scenario analysis.

Explanation:

scenario analysis assesses the effect of changing all the input variables at the same time.

Scenarios being considered can relate to a single variable, such as the relative success or failure of a new product launch, or a combination of factors, such as the results of the product launch combined with possible changes in the activities of competitor businesses. The goal is to analyze the results of the more extreme outcomes to determine investment strategy.

In this case, scenario analysis is used in analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales price, and the cost estimates.

4 0
3 years ago
Which one of the following groups of accounts only have debit balances
scoray [572]

Answer: b. Sales Returns, Wages, Machinery, Discount Allowed

Explanation:

Sales returns reduce the sales made. Sales are put on the credit side so transactions that will reduce sales such as sales returns would have to go on the debit side.

Wages are an expense and expenses are debited to show they are increasing so they have a debit balance.

Machinery is an asset and assets have debit balances.

Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.

4 0
3 years ago
The ________ is a federal statute passed in 1990 that requires food manufacturers and processors to provide nutrition informatio
balandron [24]
<span>Nutrition Labeling and Education Act
   This act requires nutrition labeling on food and standardizes terms such as serving size, "low fat", "light", and the such. It prevents things such as claiming "low calorie" cause the "calories per serving" is only half of the competitors, while specifying an absurdly low serving size that's also half the size the competitors use.</span>
8 0
3 years ago
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