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makkiz [27]
3 years ago
12

Under the going concern​ principle, accountants must provide proof that the business will remain in operations long enough to us

e existing resources for their intended purpose. T/F
Business
1 answer:
Crazy boy [7]3 years ago
3 0

Answer:

The correct answer is True.

Explanation:

The ongoing business is an accounting term for a company with the necessary resources to continue operating without the threat of a liquidation in the foreseeable future, generally considered as at least within twelve months. It implies for the business the declaration of intention to continue with its activities at least during the next year.

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Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in this chapte
zaharov [31]

Answer: let-government-do-it

Explanation:

The narrow corporate social responsibility has to do with the fact that corporations and businesses already contribute a positive quota to tye economy by generating revenue when they make profit, which they use in supporting the wages of employees, provision of employment, investments opportunities, and payment of taxes.

The argument believes that government should be allowed to do some other things.

5 0
3 years ago
If the annual growth rate in Real GDP is 4 percent, then it will take 25 years for the economy to double in size.
AVprozaik [17]

Answer:

False

Explanation:

The growth of 4% for 25 years would nominally signify a 100% increase and you might think that the economy has double its size. But you must take into account that’s this is a compound growth then the economy would reach the double of its size before 25 years.  

Think that he initial size of the economy is 10 and it grows 4% then an annual growth will be 10,4 now the compound grow is adding up 0,4 to the initial size of 10. Then you recalculate a growth of 4% for the second year this means 10.816 grow.  

If you notice the extra 0.016 increase for the second year is the effect of calculating the 4% increase based on the previous size 10 plus 0.4.

5 0
3 years ago
Which of the following situations could cause a budget deficit for the federal government?
Sindrei [870]
The answer is letter C. There is a recession. It is a temporary economic decline when trade and business activities are lessened which leads to the GDP of the country to reduce in numbers. If the decline would last for at least 6 months, this will cause a major impact on the real GDP,
7 0
3 years ago
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The estimated variance for an activity with a most likely time (m) equal to 11 days, the optimistic time (a) equal to 6 days , a
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<span>4 days. This has to do with business management and the idea that different types of time based on the mindset varies between how much work and activity will actually be done.</span>
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4 years ago
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What does future consideration mean in job application?
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It means the employer is currently viewing your application but will consider hiring you in the future.
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