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
vovikov84 [41]
3 years ago
8

Identify the framework for the entire accounting process and describe its components and how they fit together to form this fram

ework.
Business
2 answers:
jeka57 [31]3 years ago
5 0
 Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities.  Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>
lawyer [7]3 years ago
4 0
<span>The entire accounting framework is derived from the accounting equation. Accounting equation is derived from the formula in which Assets equals the summation of Liabilities and capital. Assets consist of tangible and intangible assets. Liabilities can be short term or long term in nature. Also it can be secured or unsecured. Capital refers to the investments made the owner of the company.</span>
You might be interested in
When must you sign a deposit slip?
lesya [120]
I believe the answer is: B. <span>You only need to sign a deposit slip when receiving cash.

Deposit slip would be filled with a list of cash and cash equivalent that you give to bank teller to be added to your bank account.
Most bank provide the services which allow you to take small percentage of your deposited check in the form of cash. When doing this, you need to sign it as a form of authorization.</span><span />
4 0
3 years ago
Read 2 more answers
You purchased 1,000 shares of stock in Natural Chicken Wings, Inc., at a price of $43.37 per share. Since you purchased the stoc
leonid [27]

Answer:

9.68%

Explanation:

Percent Return on Investment is calculated as Net Profit / Cost of Investment x 100

Net Profit= $46,620 (1,000 x $46.62 per share) + $950 (1,000 x $.95 per share) - $43,370 (1,000 x $43.37 per share) = $4,200

Cost of Investment= $43,370 (1,000 x $43.37 per share)

Percent Return on Investment=  $4,200 / $43,370 x 100 = 9.68%

4 0
3 years ago
True or false? Regulatory and basal transcription factors regulate transcription by binding to the promoter.? I cant find the an
VMariaS [17]
It is false that regulatory and basal transcription factors regulate transcription by binding to the promoter. 
3 0
3 years ago
Which of the following is not one of the steps for recognizing revenue? Identify the performance obligations of the contract. Id
9966 [12]

Answer:

The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.

Explanation:

There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>

In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.

4 0
3 years ago
Joan works in a clothing store she earns a salary plus 10 percent of her sales revenue the extra money that is expressed as a pe
BigorU [14]

A percentage of sales revenue paid to coworkers is called commission


8 0
3 years ago
Other questions:
  • For a fitness center purchasing a $3,000 photocopier expected to produce 30,000 copies with no salvage value at the end of the p
    13·1 answer
  • Why do pre construction and design specialists typically take an interdisciplinary to their work
    12·1 answer
  • After a school district's annual _______ revealed potential safety vulnerabilities associated with dark and isolated parking lot
    6·1 answer
  • Your client invested $10,000 in an interest-bearing promissory note earning an 11% annual rate of interest, compounded monthly.
    10·1 answer
  • According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?
    14·2 answers
  • Ahmed &amp; Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Unit selling
    13·1 answer
  • The ________ approach to developing a positioning strategy involves positioning apart from competitors through the creation or u
    10·1 answer
  • Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to cons
    12·1 answer
  • Part 1 of 4
    10·1 answer
  • you are working with william bond, cpa, and you are considering the risk of material misstatement in planning the audit of toxic
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!