Answer:
The correct answer is letter "D": Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution.
Explanation:
According to the Generally Accepted Accounting Principles (GAAP) <em>income tax accounting, cash basis accounting, modified cash basis of accounting, </em>and <em>basis of accounting to comply with a mandatory governmental authority </em>are valid to prepare financial statements. Any other method is forbidden.
When the engineers from FM Global (factory mutual) conduct inspections at industrial facilities, the interest they hired is to protect the companies that insure the properties.
FM Global is one of the global's biggest commercial and business assets coverage and chance management agencies, focusing on assets safety. we've currently ranked #447 on the Fortune 500 list of America's largest companies.
Malcolm C. Roberts is responsible for the strategic and operational direction of FM Global, one of the world's largest industrial property insurers and which insures nearly US$10.2 trillion in business belongings in greater than a hundred thirty international locations.
"FM international" is the communicative name of the organization, while the felony call is "manufacturing facility Mutual coverage organization". FM international has been named the "first-rate property Insurer inside the international” by means of Euromoney mag.
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Answer:
e. A positive economic statement can be proved; a normative statement cannot.
Explanation:
A positive economic statement are objective statement that can be tested, amended or rejected by referring to available evidence.
this means in essence that a positive economic statement is prone to improvement when proven. it is not rigid
a normative statement is subjective that cannot be changed. it is rigid.
The statements are:
Because Dazzle is not a separate tax entity, all the owners declare revenue earned through the company on their personal federal tax returns.
The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.
Answer:
The correct answer is a) the inflation differential.
Explanation:
Inflation differential is the difference we can find between two countries in exchange rates. The inflation differential can produce losses for the company if, in the country you want to buy, there is a big difference in your exchange rate, since this raises the prices of the product. As a result, the company has a loss; it can also happen if It is a case of exports.
If the inflation differential is maintained for an extended period, it can cause loss of competitiveness, since the profit margin of the products would be affected.
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