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
Aloiza [94]
2 years ago
8

48. What does management say they are doing to assure the public that the financial information is reliable

Business
1 answer:
WARRIOR [948]2 years ago
6 0

Answer:

Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.

Explanation:

There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.

You might be interested in
What is market penetration
nalin [4]

Answer:

the extent to which a product is recognized and bought by customers in a particular market.

4 0
3 years ago
Journalizing issuance of stock—at par and at a premium
suter [353]

Answer:

a.

Cash                                                                           27000 Dr

     Common Stock                                                            13500 Cr

     Paid in capital in excess of par-Common stock         13500 Cr

b.

Cash                                                    135000 Dr

     Preferred Stock                                   135000 Cr

Explanation:

a.

When we issue stock at premium, we always record the amount received from such issuance of stock at full. So, the cash account will be debited for 4500 * 6 = 27000

However, we record the common stock issued at par value and the remaining is credited under the reserve account which is Paid in capital in excess of par.

Thus the common stock will be credited by its par value of 4500 * 3 = 13500 and the remaining 4500 * 3 will be credited to the Paid in Capital account.

b.

The par value of the preferred stock is 4500 * 30 = 135000

Thus the preferred stock is issued at par and we simply debit the cash received from the issue and credit the preferred stock.

4 0
3 years ago
g Cathy Rogers deposits $200 in currency in her checking account at a bank. This deposit is treated as:
Step2247 [10]

Answer: 4) No change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits

Explanation:

The money supply refers to the total amount of money currently in circulation. In this instance it remains the same because no new money was introduced into the economy.

All that has happened is that Ms. Rogers took her $200 which was already in circulation and part of money supply and deposited it in her checking account. The money is therefore still in circulation, just not in immediate cash.

Money supply therefore remains the same.

4 0
3 years ago
Match the terms with the appropriate definition.
Bond [772]
1.) data
2.)aptitude
3.)skill
4.)personality trait
5.)intrapersonal
6.) learning style
8 0
3 years ago
If each extra worker produces four additional units of​ output, how do the total product of​ labor, average product of​ labor, a
Ne4ueva [31]

So the thing here is that n workers produce n units of output, and so the total product of labor equals the number of workers: q = L

MP_{L} will differ by labor because the extra workers creates one more units of output, MP_{L}= ∆q/∆L= 1

AP_{L} will differ by how much labour was put into it:divide both sides of the production function, AP_{L}= q/L= 1

---------------------

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)  

- Cutiepatutie ☺❀❤

4 0
3 years ago
Other questions:
  • Executives at mary kay cosmetics' european operations are conducting a study analyzing why households have stopped purchasing ce
    11·1 answer
  • ctivity-Based Costing Casual Cuts Inc. has total estimated factory overhead for the year of $225,000, divided into four activiti
    10·1 answer
  • Your company sells a variety of NFL logo t-shirts for various teams for $15. Your rental cost of the silk-screening equipment is
    9·1 answer
  • The economy is in equilibrium, TP = TE. Then, net exports fall. As a result, the __________ curve shifts __________, inventory l
    15·1 answer
  • Adam smith believed the invisible hand would do what for the economy?
    8·1 answer
  • Can someone help me please
    6·1 answer
  • Program trading is defined as automated trading generated by computer algorithms designed to react rapidly to changes in market
    12·1 answer
  • Evan and Rosa have two young children. Evan has a full-time job as a truck driver, and Rosa is currently applying for jobs. What
    15·1 answer
  • Dorothy and matt are ready to purchase their first home. their current monthly cash inflows are $4900, and their current cash ou
    14·1 answer
  • Who is the sixth chief minister of Uttarakhand​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!