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Kamila [148]
2 years ago
6

Robles Manufacturing has eight different accounting policies that they need to disclose in their financial statements as well as

a statement of the risks, uncertainties, and estimates they used to calculate account values. The best way for Robles to disclose this information is to _______.
Business
2 answers:
Vladimir [108]2 years ago
6 0

Answer:

The correct answer is a Summary of Significant Accounting Policies.

Explanation:

An accounting policy is a set of specific principles, rules and procedures that are adopted by an entity to prepare and carry out the accounting statements or documents. Therefore, the existence of accounting policies is due to the fact that international standards-issuing agencies, and the country-specific accounting plans (which tend to establish the standards issued by those bodies), leave some freedom. That is, in various aspects, entities can choose between different options when presenting their financial statements. In addition, there may be cases that are not regulated by the rules.

nirvana33 [79]2 years ago
5 0

Answer:

include a summary of significant accounting policies with the financial statements.

Explanation:

The summary of significant accounting policies is a separate section that is included with the financial statements of a company. The SEC requires public corporations to include a summary of significant accounting policies as additional notes to financial statements. This summary describes the key accounting policies followed by the corporation's accounting department and by its external auditors. Both the GAAP and the IFRS require that companies include this summary, even if they are not publicly traded, but the legal obligation comes from the SEC.

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Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
below are the choices that can be found from other sources
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3 years ago
The following data are available for the Phelps Corporation for a recent month: Product A Product B Product C Total Sales $ 150,
mrs_skeptik [129]

Answer:

$277,000

Explanation:

Break even is the point where neither profit nor a loss is made by the company.

<u>Determination of Break-even Sales</u>

Sales - Variable Expenses - Fixed Expenses = 0

Therefore, Solving Algebraically

Sales = Variable Expenses + Fixed Expenses

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         = 277,000

Therefore Break-even sales for the month for the company is closest to $277,000

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3 years ago
john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c
jeka57 [31]
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4 0
3 years ago
According to the Securities Act of 1933, an individual who participates in the original distribution of securities by selling su
mamaluj [8]

Answer:

D. underwriter

Explanation:

Based on the information provided within the question it can be said that the individual being described in the question is called an underwriter. Like mentioned in the question this is an individual who guarantees sale of securities and accept the financial risk of liability arising from the guarantee on behalf of the issuer of the securities in question.

3 0
3 years ago
59. What is a contingency? a. An existing situation where certainty exists as to a gain or loss that will be resolved when one o
Vera_Pavlovna [14]

Answer:

Correct option is D.

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In business, a contingency plan is a plan or course of action a company would implement if an unexpected event occurs. Basically, what this means is that a company is preparing for any outcome.

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3 years ago
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