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Andreas93 [3]
2 years ago
8

Two examples of generally accepted accounting principles are:

Business
1 answer:
tresset_1 [31]2 years ago
8 0
The answer to this question is: <span> accounting for leases and accounting for fair value assets
Leases and fair value assets is often used by companies in order to make their company valuation seem higher than it supposed to be. So, standardized rules regarding the proper way to make the valuation should be written under the Generally accepted accounting principles.</span>
You might be interested in
In the rule-making process, the legislature allows executive agencies wide latitude to make decisions within the broad requireme
abruzzese [7]

Answer:

<em>Discretion</em>

Explanation:

In the legal system, <em>discretion is most often described as a judge's ability to choose where, how and how severely a person who has been convicted should be sentenced.</em>

An individual decides to use his or her options and decides what to use, whether he or she is a police officer who arrests a person on the street (criminal) or expels someone from an apartment (civil) or anywhere between.

There are some cases overruling or undermining the rule of law by imposing control.

Nevertheless, legislation can not be written without discretion, so the rule of law helps to direct discretion against societal expectations, standards and, at least in part, public interest.

5 0
3 years ago
Congress missed the fact that various agencies with responsibility for supervising the banking industry were negligent in identi
stira [4]

Answer:

oversight.

Explanation:

Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.

Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.

5 0
2 years ago
The product-variety externality is associated with the A. opportunity cost of firms exiting a monopolistically competitive indus
Viefleur [7K]

Answer:

The correct answer is letter "D": consumer surplus that is generated from the introduction of a new product.

Explanation:

Externalities are defined as the effects passed on third parties as a result of the actions of another individual or organization even if the third party has nothing to do with the operations of the individuals or entities. Externalities can be positive or negative.

The product-variety externality is an example of a positive externality. The product-variety externality takes place when a new product is introduced in the market generating a consumer surplus. Thus, end-users benefit from the variety of products available in the market even if that represents more competition for companies.

4 0
2 years ago
Which one of the following account groups normally has a credit​ balance? A. equity and assets B. assets and liabilities C. asse
andrezito [222]

Answer:

a) Assets and expenses

Explanation:

Credit balance can be regarded as amount that is been owed by a business to a customer. This occur when the payment by the customer to the business exceed the current invoice stipulates. credit balances can be located or found at right side of a subsidiary ledger account, it can be found on right side of a general ledger account. credit balance that is contained on billing statement of the customers can be regarded as amount that card issuer is owing the customer.

It should be noted that one if account groups that is normally has a credit​ balance is Assets and expenses

4 0
2 years ago
You are watching the news and learn that there has been a security breach of credit card information at a large department store
Irina18 [472]

Answer: INSIDERS CREATE THREATS AT THEIR WORKPLACE AFTER WORK PLACE INCIDENTS

Explanation:

Workplace incidents create a conducive opportunity for insiders to commit crime.

In this case there have been some layoffs which can be exploited in certain ways.

It could be that an employee or employees who think they will be laid off decide to steal credit card information for financial reasons before they are laid off.

It could also be that employees or an employee who will not be laid off could use the opportunity to steal information so that it can be blamed on the employees to be laid off seeing as they will be the most likely suspects.

Workplace incidents create an opportunity to steal information and this is no different.

4 0
3 years ago
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