All categories

2 years ago

Identify the accounting assumption or principle that is described below.

Business

1 answer:

Inga [223]2 years ago

7 0

Answer and Explanation:

a. Going Concern Assumption : It means the organization would be remain open always whether the people go or not

b. Economic Entity Assumption

: The owner and the business records should be maintained separately.

c. Monetary Unit Assumption

: It means all the transactions should be recorded in monetary terms

d. Periodicity Assumption

: It means for a period of time different financial information could be recorded

e. Historical Cost Principle : Always used the orginial cost at the time of recording

f. Full Disclosure Principle: All information should be disclosed to the notes to the financial statements

You might be interested in

A faculty group wants to determine whether job rating (x) is a useful linear predictor of raise (y). Consequently, the group con

Studentka2010 [4]

Answer:

The answer is "D".

Explanation:

Since the value of b1 is negative, the regression line decreases as b1 increases

For a 1-point increase in an administrators rating, we estimate the administrators raise to decrease $2,000.

7 0

3 years ago

(consider this) consumers might leave a fast-food restaurant without being served because:

Liula [17]

The reason why consumers leave without being served because the consumers must have felt mad or upset about the service being served to them-- causing them to leave their orders or to even wait for their time for their turn of having to get their menu taken.

4 0

3 years ago

____ is a pattern of basic assumptions that is developed by a group as it learns to cope with problems of external adaptation an

Eduardwww [97]

Answer:

d) Organizational culture

Explanation:

Organization culture is the assumptions, beliefs, values, and ways of interactions that make an organization unique. It the organization's established ways of doing things.

Organization culture will include experiences, expectations, and philosophies that guide its members. Members of an organization express culture by the way they interact internally and with the outside world. Culture incorporates customs, attitudes, written and unwritten rules of an organization.

7 0

3 years ago

Vert Company purchased Dextrin common stock for $150,000. At December 31, Year 2, the Fair value adjustment account had a debit

VashaNatasha [74]

Answer:

B. Credit to the fair value adjustment for $6000

Explanation:

December 31 (year 2)

Fair value adjustment account balance = $10,000 (Debit)

December 31 (year 3)

Fair value adjustment account balance = $154,000 - $150,000 =$4,000 (Debit)

As you can see in year 2 there were only $10,000 (debit) in fair value adjustment account but in year 3 the value dropped down to 4,000 debit which leads us to the journal entry of $6,000 Credit in fair value adjustment account balance

7 0

2 years ago

If the amount of variability due to within group differences is equal to the amount of variability due to between group differen

Anna11 [10]

If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

<h3>What is the F value?</h3>

In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.

The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.

In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

Learn more about the F value here:

brainly.com/question/24515272

#SPJ1

8 0

1 year ago