Answer:
The given statement is <u>False.</u>
A balance sheet is often described as a "snapshot of a company's financial condition.
Correct option: real value
The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.
Answer:
MAX WEBER
Explanation:
Legal domination, its purest type is bureaucratic domination, is based on the fact that any right can be created and modified by means of a statute sanctioned correctly in terms of form, that is, through this type of domination the ruling class uses legal bodies to achieve its goal of maintaining domain control.
In a position, his performance demands all the performance of the official; This means that whoever occupies the position must be efficient in their functions, therefore a high level of performance is expected from the leaders of the bureaucratic organization.
Answer:
The correct answer is C)
Explanation:
A pledge in this context is a vow or a promise to make a donation or give something at a future date. It may be vocalized or communicated in writing.
The Financial Accounting Standards Board (FASB), sets out the criteria for recognizing a pledge or a promise as follows:
- Relevance— If the promise is important enough to make a difference in the users decisions, then it ought to be recognized
- Definitions—If the item satisfies the definition of a component of a financial statement, then it ought to be recognized;
- Dependability— When the pledge is based on a fact that can be recorded, verifiable, and neutral, then it can be recognized
- Measurability— if it allows for measurability, then it should be recognized
It is clearly stated that where the certainty or reliability of a promise or a vow is difficult that measure, it is better to decline from recognizing such a pledge.
Cheers!
Selling for much less than their selling prices just two to three years ago.
