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arlik [135]
3 years ago
7

The FASAB’s Statement of Accounting and Reporting Concepts Statement No. 1 identifies four objectives of federal financial repor

ting. The requirement to be publicly accountable for laws and regulations related to spending tax revenues relates to which of the four objectives?
Business
1 answer:
Dennis_Churaev [7]3 years ago
3 0

Answer:

The correct answer is c) Budgetary integrity.

Explanation:

This principle means that every time a budget is made, all the forecasts for resources and all expenses must be presented in full without any direct compensation between them. An example could be when collecting a tax, which must be presented in a consolidated manner in the budget, that is, the expenses incurred in order to collect it should not be discounted.

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Test Pilot, Inc. reported a net operating loss of $25,000 for its tax year ended December 31, 2018. Test Pilot reported income o
aalyn [17]

Answer:

Net income after operating loss for 2019 is equal to $0 dollars and amount of net operating loss carried forward available in 2020 is equal to $5000.

Explanation:

Net loss is not deductible in the current year but can however be carried forward to the subsequent year and deducted against income in that year. Therefore the loss can only be deducted from 2019 on wards. The remainder of the net loss after deducting against 2019 income will be carried over into the subsequent  year and therefore $5000 is carried forward to the year 2020.

6 0
3 years ago
Read 2 more answers
Frozen Gold is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to prov
irina [24]

B.

Customers will have a variety of flavors to choose from

3 0
3 years ago
Marigold’s Pest Control Products has the following information available: net income, $15800; cash provided by operations, $2170
tester [92]

Answer:

The Maigold's free cash flow can be calculated using the below formula:

Cash Provided by Operations-Capital expenditure-Dividends paid

Explanation:

Cash provided by operations   $21700

Capital expenditure                  ($10100)

Dividends paid                          ($3500)

Free cash flow of Maigold's     $8100

8 0
3 years ago
g Companies can help to ensure they do their part toward achieving the Sustainable Development Goals set out by UNCTAD by
Lunna [17]

The correct answer to this open question is the following.

Companies can help to ensure they do their part toward achieving the Sustainable Development Goals set out by UNCTAD by establishing a continuing education program so employees can do what is expected on this issue. Management can start funding campaigns to donate some money to the cause. Ask employees to give volunteering time to noble causes and environmental. The company has to set an example from top management to the operational level to do the right thing always, no matter the circumstances.

We are talking about the sustainability development goals created by the United Nations Conference on Trade and Development (UNCTAD).

8 0
3 years ago
How can you make yourself "visible" when telecommuting?
Lesechka [4]
-Effective Remote Performance

-Company culture and customs

-Visibility with boss and co-workers.

-Call your Boss everyday

-Talk with Co-Workers everyday
4 0
3 years ago
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