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svp [43]
4 years ago
8

Match the financial statement with its description. To match them, click the Description and then click the Financial Report Nam

e

Business
1 answer:
kherson [118]4 years ago
7 0

Answer:

a-3 / b-2 / c-4 / d-1

Explanation:

Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.

The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.

Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.

is a process designed to provide reasonable assurance regarding the reliability of financial reporting.

Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.

Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations

Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.

are reports prepared by a company's management to present the financial performance and position at a point in time.

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Tiffany owns a health club and contracts to buy a set of weights from Dylan for $10,000. Dylan is hurting financially, so he cha
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Answer:

True

Explanation:

Dylan's alteration of the contract terms automatically discharges (terminates) the contract, since the consideration was changed. Dylan's consideration remained the same, providing some set of weights, but Tiffany's consideration was wrongfully and illegally changed by Dylan($18,000 instead of $10,000), so the contract is terminated.  

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3 years ago
Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in Overseas Bank through Newt’s investm
Novosadov [1.4K]

Answer:

B: rescind the contract on the basis of undue influence.

Explanation:

 The fact that Mona has a guardian infers that this is someone she could trust for at least her financial issues, and because this person has used his or her advantage position and knowledge, and they relationship as well,  to induce her to sign a contract she didn't understand fully, she can resort to a contract rescission on basis of undue influence.

8 0
3 years ago
Stella is 16 years old. She earned $3,500 this year at a local ice cream shop, and another $3,500 in cash babysitting her neighb
andrew-mc [135]

Answer:She does not have to file a tax return.

Explanation:She is below the poverty line.

4 0
3 years ago
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Which of following is a stargety for using credit wisley while imporant your credit score
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3 years ago
A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $62; Sec
DENIUS [597]

The gross profit for the period would be $81.

<h3>What is FIFO?</h3>

According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last.

Given that, the company made the first purchase at $62; second purchase at $69, and third purchase at $60.The company sold two units for a total of $212 and used FIFO costing.

Cost price of first two items = $62 + $69

                                           = $131

The company sold two units at $212

Gross profit = $212 - $131

                   = $81

To understand more about FIFO costing refer to: brainly.com/question/11493725

#SPJ4

7 0
2 years ago
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