Answer:
4. Investments by and distribution to owners (ex: stockholders) during the period.
5. Financial Position at the end of the period.
6. Cash flows during the period.
7. Earnings for the period.
Explanation:
The information that the current Generally Accepted Accounting Principles (GAAP) and Auditing Standards require the financial statements of an entity to show for the reporting period are;
1. Investments by and distribution to owners (ex: stockholders) during the period.
2. Financial Position at the end of the period.
3. Cash flows during the period.
4. Earnings for the period.
The Financial Accounting Standards Board (FASB) issued some standards, accounting principles, and procedures to be followed by public companies in the United States of America for reporting and recording statements of income, this is known as the Generally Accepted Accounting Principles (GAAP).
The GAAP is also adopted by the Securities and Exchange Commission (SEC) to measure, analyze and regulate the stock market.
Answer:
INTEREST RECEIVABLE - - - - - - - - - 1500
INTEREST REVENUE - - - - - - - - - - - 1500
Explanation:
Lent amount = $40,000
Interest rate = 9%
Duration = August 1 - December 31st = 5 months
Lent amount × interest rate × duration
$40,000 × 0.09 × (5/12)
= $1500
Adjustment :
INTEREST RECEIVABLE - - - - - - - - - 1500
INTEREST REVENUE - - - - - - - - - - - 1500
Answer:
Please see explanation
Explanation:
property taxes
-Assign to Factory cost pool
heat and air-conditioning-Assign to Factory cost pool
electricity, machines
-Assign to machine cost pool
plant depreciation
-Assign to Factory cost pool
electricity, plant
-Assign to Factory cost pool
machine maintenance wages-Assign to machine cost pool
Answer:
Unilateral contract
Explanation:
A unilateral contract is one which is agreed to based on the performance of one party.
Simply put, a unilateral contract in one in which there is agreement based on performance.
From the above question, the carpenters performance determines the contract. If he fixes the job within Saturday, he gets $1,000. If he doesn't finish within saturday, the carpenter doesn't get $1,000. The 'saturday' is the conditon for the payment of $1,000.
Answer:
The correct answer is letter "B": maximize the current value per share of the existing stock.
Explanation:
Financial management collects several strategies to add value to the company in the long-term. This could be achieved by generating revenue sustainably and increasing the value per share of the firm's stock which boosts the value of the overall entity in the market.
<em>One of the most important goals financial management has is to maximize the stakeholders' wealth.</em>
