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Hatshy [7]
2 years ago
6

An investor found the following in an annual report: "The financial statements, in our opinion, present fairly the financial pos

ition, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." In which section of the annual report did the investor find this?
Business
1 answer:
Flura [38]2 years ago
8 0

Answer:

Report of the Independent Accountants

Explanation:

From the question we are informed about An investor who found the following in an annual report: "The financial statements, in our opinion, present fairly the financial position, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." The section which the annual report was fond by the investor is Report of the Independent Accountants. Independent Accountant's Report can be regarded as a report that encompass broad spectrum of work that has been carried out through an accountant of an independent firms. And this is usually carried for

charitable as well as commercial organisations in public as well as private sector.

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Answer:

Charu Khanna

The Net capital loss is:

= $2,000.

Explanation:

a) Stock Transactions and Data during 2019:

Stock                                  Date      Date Sold  Sales Price ($) Cost Basis ($)

                                      Purchased

4,000 shares Green Co. 06/04/07 08/05/19       12,000              3,000

500 shares Gold Co.        02/12/17 09/05/19      54,000            62,000

5,000 shares Blue Co.   02/04/08  10/08/19       18,000            22,000

100 shares Orange Co.     11/15/18   07/12/19       19,000            18,000

Total                                                                   $103,000       $105,000

Net capital loss:

Long-term capital loss = $3,000

Short-term capital gain = $1,000

Net capital loss =            $2,000 ($3,000 - $1,000)

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Countries that are partly industrialized but extract profits from poor countries to pass on to core countries are called?
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Semiperipheral countries. they have traditional values and institutions.

<h3>What is Semi-periphery countries?</h3>
  • According to world-systems theory, the industrialising, primarily capitalist countries that are situated halfway between the periphery and the core countries are the semi-periphery countries, also known as merely the semi-periphery.
  • Semi-periphery countries are frequently situated physically between core and peripheral regions as well as between two or more competing core regions.
  • They have organisational traits with both core countries and periphery countries.
<h3>What do you mean by semi-peripheral regions?</h3>
  • Semi-peripheral areas in world systems theory are those that are situated halfway between the core and the peripheral.
  • The organisational structure of these nations or areas is made up of both core and peripheral nations, and they are frequently situated geographically between two or more core nations.

Learn more about Semi-periphery countries here:

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