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
Ket [755]
3 years ago
11

Select the accounting principle, assumption, or related item that best completes the sentence. Ex: Material. Full disclosure. Fa

r value. Relevance. Periodicity. Consistency. Revenue recognition. Comparabitlity. Confirmatary value.1. _________and ___________are the two fundamental qualities that make accounting information useful for decision making.2. Information that helps users confirm or correct prior expectations has __________.3. _________enables users to identify the real similarities and differences in economic events between companies.4.________ is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.5. Information is __________if omitting it or misstating it could influence decisions that users make on the basis of the reported financial information.6. The _________characteristic requires that the same accounting method be used from one accounting period to the next, unless it becomes evident that an alternative method will bring about a better description of a firm's financial situation.7._______means that a company cannot select information to favor one set of interested parties over another.8. Providing information that is of sufficient importance to influence the judgement and decisions of an informed user is referred to as _________.9. Corporations must prepare accounting reports at least yearly due to the____________ assumption.10._____________occurs when the performance obligation is satisfied.
Business
1 answer:
KIM [24]3 years ago
4 0

Answer:

1. Relevance and faithful 2.confirmatory value 3.Comparability 4. fair value 5. material 6. consistency 7. neutrality 8.Full disclosure 9. periodicity 10. Revenue recognition

You might be interested in
Why is it important to maintain a career portfolio?
Leno4ka [110]

Answer:

The answer is D

Explanation:

4 0
2 years ago
Indirect materials include ______. multiple choice question. supervisor salaries salt and pepper laptop computer keyboards facto
Kobotan [32]

Indirect materials include <u>salt and pepper.</u>

<u></u>

<u></u>

<u></u>

What are indirect materials ?

  • Indirect materials are goods that, while part of the overall manufacturing process, are not integrated into the final product.
  • For example, disposable gloves, personal protective equipment, tape, etc., may be essential to a production line, but they are not part of the actual product created on that line.
  • When cost savings take priority, it’s important to control spending and compliance by using a unified source-to-pay (S2P) platform for indirect materials.
  • Among S2P platforms, cloud-native ones offer the best functionality: they are easy to set up, deploy, learn and use, and they offer real-time, end-to-end visibility.
  • Unlike indirect materials, direct materials are components that are integrated into a manufactured product.
  • For example, chips in a mobile phone are direct materials in mobile phone production.

To know more about indirect materials, refer:

brainly.com/question/14896549

#SPJ4

5 0
2 years ago
As a graphic artist, Randy has just finished a new calendar. The calendar cost him $1.00 for the glossy paper, $3.00 for the six
Yanka [14]

Answer:

Break-even units = 66.67 units

Explanation:

<em>Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.</em>

<em>The break-even point is calculated as </em>

<em>Units to achieve target profit = (Total general fixed cost for the period + target profit)/ contribution per unit</em>

Contribution per unit = Selling Price - Variable cost

Contribution per unit = 15- (1+3+0.50) = 10.5

Fixed cost = 500 +( 50× 4) = 700

So the units requited to achieve break-even point:

Break-even point =  700/10.5

                            = 66.67 units

4 0
3 years ago
Umbridge Purses Unlimited sells purses with a sales price of $35 each. Each purse costs the company $20 to produce, and the stor
aivan3 [116]

Answer:

Break-even point in units= 20,000 units

Explanation:

Giving the following information:

Selling price= $35

Unitary variable cost= $20 t

Total fixed cost= $300,000

<u>To calculate the break-even point in units, we need to use the following formula:</u>

<u></u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 300,000/ (35 - 20)

Break-even point in units= 20,000 units

3 0
3 years ago
If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B
son4ous [18]

Answer:

Correct answer is (C)

Explanation:

At the beginning of the year.

Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.

7 0
2 years ago
Other questions:
  • Next to the following list of eight characteristics of business organizations, select a brief description of how each characteri
    11·1 answer
  • Payback Period Jan Booth is considering investing in either a storage facility or a car wash facility. Both projects have a five
    8·1 answer
  • Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash divide
    9·1 answer
  • 4. Why would someone choose to remain a nonemployer?
    5·1 answer
  • What are two companies that are becoming extinct from the digital disruption?
    11·1 answer
  • Quillpen Company is unlevered and has a value of $45 billion. An otherwise identical but levered firm finances 25% of its capita
    13·1 answer
  • Why is the profit motive considered an incentive in a market system?
    12·1 answer
  • Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
    8·2 answers
  • g How would you define the role of human resources in your organization? How does it compare with the information in this week's
    14·1 answer
  • Punishments help comfort your behavior right
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!