Brecken wishes to certify financial statements that materially depart from GAAP. She believes that it is necessary to do so in o
rder to prevent the statements from being misleading in light of a new federal statute, which GAAP has not been amended to accommodate. In order to implement this departure, Brecken should do which of the following: A. Describe the departure from GAAP.
B. Describe the departure's approximate effects.
C. State the reasons why compliance with GAAP would mislead.
D. All three choices provided.
The three bottom line in the social responsibility are :
- Economic - Social - Environment
This three bottom lines could directly affect each other. For example, as the company experienced an economic growth, it could increase the quality of the social and environmental element around the company through various Corporate social responsibilities.
This is due to the indirect affect of tax on the purchase of new vehicle because a new tax on gasoline reduces the consumers incentive to the buy the new vehicles. Therefore, it is a negative indirect incentive.
Also, there is a fall in the number of cars or vehicles purchased because of the tax imposed on the gasoline.
Yes, effective leadership involves chosing the right style for the situation. Every leadership situation has different variables and followers. Think of a coach that fails with one team and wins with another.
It is called value factor. There are two kinds of value factor one is present value factor and second is future value factor. The business or anything in the business has their value on their own. The future value factor is used to calculate the future value of the amount per dollar of its present value. It is the amount greater than a dollar and you can see this on the table when you calculate the future value or FV. Present Value factor is based on the time and money when you borrow or it is the debt that can grow in the span of time.
