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SOVA2 [1]
2 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]2 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.  

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Net exports equal GDP minus domestic spending on:
Ksju [112]

Answer:

a. all goods and services.

Explanation:

Exports are the goods and services produced within the country but sold to customers in foreign nations. Net export is the difference between total exports and total imports.

GDP is the total value of the goods and services produced in a country in a period. GDP will include all products consumed within the country or exported. Exports are, therefore, a part of a country's GDP.

Since exports are consumed outside the country, net exports can be calculated by deducting exports from all the goods and services produced within the country.

3 0
3 years ago
Rx Corp. stock was $60.00 per share at the end of last year. Since then, it paid a $1.00 per share dividend last year. The stock
Aleksandr-060686 [28]

Answer:

Percentage Return  = 5.83%

Explanation:

Given data:

per share cost =$60.00

dividend $1.00 per share

stock price $62.50

total number of share  = 400

WE know that return is given as

Return = (Ending Value - ( Beginning Value + Income)

where,

Ending value = stock price* number of shares

Beginning value  = per share cost * number of shares

income =  dividend* number of shares,

so we have return value

           = ($62.50 x 400) - ($60.00 x 400 + $1.00 x 400) = $1400

Percentage\ Return = \frac{1400}{60 x 400}

Percentage Return  = .0583

Percentage Return  = 5.83%

3 0
2 years ago
Beverly, a real estate licensee, doesn’t represent either party to a specific real estate transaction. She merely helps the part
inn [45]

Beverly, a real estate licensee is taking up  the role of a transactional broker by not representing either party to a specific real estate transaction.

<h3>Who is a transactional broker?</h3>

A transaction broker is the one that provide third-party real estate services various buyers and sellers in exchange for a comission.

Here,  transactional broker is a neutral person to parties in a real estate transaction.

Hence, Beverly, a real estate licensee is taking up  the role of a transactional broker by not representing either party to a specific real estate transaction.

Learn more about transactional broker here : brainly.com/question/26052661

8 0
2 years ago
_____ is the part of the total sales held by one seller. For example, a monopolist holds 100 percent of total sales.
Firlakuza [10]
Market share is the part of the total sales held by one seller.

For example, a monopolist holds 100 percent of total sales. The 100 percent refers to the market share. In a monopoly, only one business has the good or service that is being offered in the market. Thus, consumers have no other choice but to purchase said good or service from the monopolist.
7 0
3 years ago
What two conditions must hold for a competitive market to produce efficient outcomes? Group of answer choices Firms must maximiz
faltersainse [42]

Answer:

The answer is: Supply curves must reflect all costs of production, and demand curves must reflect consumers´ full willingness to pay.

Explanation:

The characteristics of a competitive market are:

  • Many buyers and sellers
  • Companies make a similar product.
  • Both buyers and sellers have access to perfect information about price.
  • No transaction costs.
  • No barriers to entry into or exit from the market.

Theoretically if all of the above conditions occur, profit maximizing companies will combine with utility maximizing consumers, and markets will tend to produce efficient outcomes.

6 0
3 years ago
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