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3 years ago

ASC Topic 235, Notes to Financial Statements

1 answer:

Nutka1998 [239]3 years ago

4 0

Answer: d. Requires description of all significant accounting policies to be included as an integral part of the financial statements.

Explanation:

There are several accounting and valuation policies that a company can use when presenting its financial information for the year. Companies are meant to follow the policies that would most fairly represent their assets and liabilities.

When they pick these valuation methods, it is important that the people who study their financial statements know the valuation and accounting methods used so that they can understand the figures.

To this end, ASC Topic 235 requires that the company should include the significant accounting policies that it used as notes so that financial statement users understand how the company reached the figures it recorded.

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What are the three main transmission mechanisms by which the yield curve affects the economy

Travka [436]

The three main transmission mechanisms through which the economy is been affected as a result of yeild curve are:

Corporate impact

global impact

consumer impact

The yield curve can be regarded as graph which shows how the yield that comes from debt instruments vary with respect to their years remaining to maturity. This debt instrument could be bond.

The monetary transmission mechanism can be regarded as the process whereby asset prices as well as general economic conditions are been affected due to monetary policy decisions

The transmission that affect the economy are

Corporate impact
global impact
consumer impact

All these transmission all have effect on the aggregate demand as well as interest rates, and amounts of money in the economy

Therefore, transmission mechanisms have serious effect on the economy.

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3 years ago

Suppose a stock had an initial price of $62 per share, paid a dividend of $2.50 per share during the year, and had an ending sha

matrenka [14]

Answer:

Div1.45/920.01576086961.5760869565Merc(104-92)/920.130434782613.043478260914.6214.62%

Explanation:

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3 years ago

Melanie is the director of human resources for a small manufacturing firm. She has a strong personal interest in technology, and

zepelin [54]

Answer:

Influencer

Explanation:

An influencer is a person that has the ability to affect the purchasing decision of customers through their authority, position, relationship, or relationship.

They have good social relations and this is an asset in directing customer buying decision.

In the given scenario Melanie has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies.

This knowledge will be beneficial in the buying centre, where she can be an influencer.

7 0

3 years ago

Flamingo Company borrows $30,000 using a five-year, long-term installment note payable. The rate on the note is 5 percent and Fl

masya89 [10]

Answer:

Interest expense = 30,000*5%*1/12

Interest expense = 30,000*0.00416666667

Interest expense = $125.0000001

The journal entry will be:

Description Debit Credit

Interest expense $125

Notes payable $441.14

Cash $566.14

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3 years ago

A person who is on property with the consent of the landowner and who brings an economic benefit to the landowner, such as a tic

timama [110]

Answer:

A business invitee

Explanation:

A business invitee is any person or group of people who enters another person's commercial property to do business. A business invitee's purpose is to engage in a commercial transaction with property or landowner. The landowner is liable to any injuries or harm suffered by a business invitee due to dangerous conditions on the property.

Commercial property or premises refers to land or building designated for business transactions such as a retail store or a restaurant. In law, customers are business invitees. The assumption is that customers enter commercial premises to do business with the business owner.

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3 years ago