A firm conducted a market analysis and determined that a new wo

APB Opinion No. 28, Interim Financial Reporting, concluded that interim financial reporting should be viewed primarily in which

Effectus [21]

Answer: C. As reporting for an integral part of an annual period.

Explanation:

Interim Financial reporting should be treated as an important and complete part of the annual financial statement. It should follow all the generally accepted accounting principles. More reason for that is tax rates used in interim report is the same that is used in the annual financial statement as well (due to the estimate taken in the interim report). Many of the firms consider the interim financial reporting as an integral part of the annual report.

7 0

4 years ago

Elements of a sucessful entreptrneu

zlopas [31]

Knowledge Hungry. There are people whose personality predisposes them to running their own business. However, entrepreneurship like most skills is largely learned and perfected over time.
Persistence. The reason many people who’d love to be their own boss end up sticking to their 9-to-5 is because business is tough.
Self-Reliant. Great entrepreneurs are good managers. They know how to marshal the troops, rally them toward a cause and ensure everyone in the team is pulling their weight.
Change-Ready. The business environment is never static. It’s in a constant state of flux with ever changing technologies, regulations, competitors and customer expectations.
Self-Care. When you are an employee, you are part of a team working toward a defined goal. Ergo, you share with others the burden of achieving this goal.

5 0

3 years ago

Read 2 more answers

Reversing entries make possible the entering of the transactions of the succeeding accounting period in a routine manner. true f

In-s [12.5K]

Reversing entries make possible the entering of the transactions of the succeeding accounting period in a routine manner. true false

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100% true

5 0

3 years ago

1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the followi

Iteru [2.4K]

Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

To Cash A/c $150

(Being the establishment of petty cash is recorded)

2.

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

6 0

3 years ago

When, at the end of a year, the inventories in a flour mill business are $10,000 above what they were at the beginning of the ye

natita [175]

Answer:

. c It's counted in I (investment spending)

Explanation:

Inventories purchased by businesses is included in investment spending when calculating GDP.

Investment spending includes all investments made by businesses e.g. purchasing equipment

I hope my answer helps you

7 0

3 years ago