1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SOVA2 [1]
3 years ago
8

The accounting standards state that management is responsible to evaluate the​ entity's ability to continue as a going concern

within one year after the date the financial statements are issued. True or False
Business
1 answer:
Firdavs [7]3 years ago
6 0

Answer:

True

Explanation:

The FASB's norms (FASB Accounting Standards Update No. 2014-15 , August 2014) state that management is responsible for evaluating the conditions necessary for the company to continue operating and meeting its obligations within one year after the financial statements have been prepared.

Under the GAAP, management should continue to prepare financial statements as long as the company is able to operate until the company's liquidation is imminent. The going concern accounting principle states that the company will continue operating for the foreseeable future.  

You might be interested in
Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion co
Studentka2010 [4]

Answer: 60%

Explanation:

Find the ending work in process.

Materials are complete at inception so the Equivalent units of Materials represent the total units.

Ending WIP will therefore be:

= Materials EUP - Units started and completed

= 5,000 - 3,500

= 1,500 units

Stage of completion is based on Conversion.

Conversion EUP = Total started and completed + (x% * Closing WIP)

4,400 = 3,500 + (x% * 1,500)

4,400 = 3,500 + 15x

15x = 4,400 - 3,500

15x = 900

x = 900/15

x = 60%

<em>Conversion is 60% complete so this is the stage of completion. </em>

7 0
3 years ago
"what is unsolicited email that plagues employees at all levels and clogs email systems?"
Naddik [55]
Unsolicited email that plagues employees at all levels and clogs email systems is also known as spam. Spam emails are typically flooding everyone within the organization, with the same message and is usually something one would not choose to receive. The majority of spam emails that are sent out are commercial advertising which takes time away from receiving other necessary emails. 
4 0
3 years ago
The concept of risk management is based on an assessment of benefits gained compared to the ___:
Tanzania [10]

Answer:

potential risk/threat

Explanation:

the concept of risk management is based on mitigating risk or avoid potential threat and plans of minimizing the impact should they occur.

5 0
4 years ago
Um...look what i found
Ksju [112]
NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA
8 0
2 years ago
Plz helpp ill love u forever
LiRa [457]

Answer:

The answer is A.

Explanation:

In each other presentation, choosing the “Reuse Slides” tool and then browsing to find the credits slide in the original presentation.

Brainliest please!!!!!!!!!

5 0
2 years ago
Other questions:
  • Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world. Jeremy is of the view
    5·1 answer
  • Interest versus dividend expense Michaels Corporation expects earnings before in- terest and taxes to be $50,000 for the current
    11·1 answer
  • ___________ is a collection of materials and products of value that a company purchases to either create or provide a product or
    9·1 answer
  • Refer to the given consumption schedules. DI signifies disposable income and C represents consumption expenditures. All figures
    6·1 answer
  • When estimating income, it is better to be:
    15·1 answer
  • The process begins when a customer steps into line and ends when the customer receives the receipt and leaves the store. The pro
    12·2 answers
  • 2
    11·1 answer
  • On August 31 of the current year, Pine Corp. issued 100,000 shares of its $20 par value common stock for all of the net assets o
    15·1 answer
  • Organizational culture is likely to be particularly salient when viewing the organization through a _______ lens
    15·1 answer
  • Read these articles on the importance of setting goals, Article 1 and Article 2. As you read, think about how each article defin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!