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vodomira [7]
2 years ago
13

Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codific

ation citation (XXX-XX-XX-X) for accounting for each of the following items: Required: 1. Reporting most changes in accounting principle. 2. Disclosure requirements for a change in accounting principle. 3. Illustration of the application of a retrospective change in the method of accounting for inventory.
Business
1 answer:
Rzqust [24]2 years ago
8 0

Answer:

1. Reporting most changes in accounting principle.

FASB ACS 250-10-45-5.

Title - "Accounting changes and Error corrections - Overall - Other presentation matters - Change in Accounting principle"

2) Disclosure requirements for a change in accounting principle:

FASB ACS 250-10-50-1 :

Title - "Accounting changes and Error corrections - Overall - Disclosure - Change in accounting principle"

3) Illustration of the application of a retrospective change in the method of accounting for Inventory :

FASB ACS 250-10-55-3

Titles - "Accounting changes and Error corrections - Overall - Implementation guidance and Illustrations -Retrospective application of a change in Accounting principle."

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Answer:

Walmart

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The serviescape of a business includes the business appereance, layout, structure, signage, and equipment.

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3 years ago
Question 4 Ivanhoe Company reports the following information (in millions) during a recent year: net sales, $10,794.0; net earni
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Answer:

ROA = 0.08 or 8%

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Explanation:

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3 0
3 years ago
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Mandarinka [93]

Answer:

The correct answer is letter "D": the revenue a government created by printing money.

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<em>When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects. </em>

The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.

4 0
3 years ago
Read 2 more answers
Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. ​Then, other things rema
maria [59]

Answer:

A. Competitive markets face perfectly elastic demand and marginal​ revenue, while monopolies face​ downward-sloping demand and marginal revenue.

Explanation:

In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve

Therefore the option a is correct

5 0
3 years ago
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