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vodomira [7]
3 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]3 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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Jeff's Pizzeria can handle 30 orders during the day. It wanted to increase this number, so it started making its delivery boys d
klasskru [66]

Answer:

The options for this question are:

a. dominance

b. synergy

c. anarchy

d. compromise

The correct answer is b. synergy.

Explanation:

usiness synergy is an interesting concept if we use it in the business world, since we find the possibility of growth and improvement. Remember! The whole is more than the sum of its parts and achieves the best business strategy.

In an altruistic way it is also possible to obtain a benefit or even establish a new professional relationship in order to obtain more work and promotion that otherwise would not have been obtained.

5 0
3 years ago
Betty, a teenager, starts a business selling cupcakes to coffee shops and restaurants. she strives to increase either the market
pav-90 [236]
I believe this illustrates <span>sales-oriented pricing
The purpose of </span><span>sales-oriented pricing is to increase the total market shares that the company has for a certain type of product.
Large market shares means that the company had the most awareness and obtain a certain advantage compared to other competitors.</span>
5 0
4 years ago
The CPI of a country in October is given to be 210. In November, the CPI rises to 220. What is the rate of inflation from Octobe
Aleks [24]

The rate of inflation is 4.8%.

Given that,

  • The CPI of a country in October is given to be 210. In November, the CPI rises to 220.

Based on the above information, the calculation is as follows:

= (220 - 210) ÷( 210)

= 4.8%

Learn more: brainly.com/question/17429689

5 0
2 years ago
Read 2 more answers
Andre is considering an investment in Bristol Inc. and has gathered the following information. What is the expected standard dev
liberstina [14]

Answer:

c. 24.78%

Explanation:

For computing the expected standard deviation first we have to find out the expected rate of return which is shown below:

Expected rate of return = Respective return × Respective probability

=(0.4 × -10) + (0.2 × 10) + (0.4 × 45)

= 16%

Now we have to find out the total probability which is shown below:

Probability Return Probability × (Return - Expected Return)^2

0.4                  -10         0.4 × (-10-16)^2         = 270.4

0.2                    10         0.2 × (10 - 16)^2        = 7.2

0.4                   45         0.4 × (45 - 16)^2       = 336.4

Total                                                                   = 614%

As we know that

So

Standard deviation= [Total probability × (Return - Expected Return)^2 ÷ Total probability]^(1 ÷2)

= (614)^(1 ÷ 2)

= 24.78%

8 0
3 years ago
A business organized as a separate legal entity from its owners is a: Proprietor Partnership Government unit Corporation
Evgen [1.6K]

Answer:

Corporation.

Explanation:

A business organized as a separate legal entity from its owners is a corporation.

A limited liability company (LLC) can be a corporation and basically it refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested. The LLC can be referred to as a hybrid business entity that combines the limited liability-shield of a corporation with the pass-through taxation of a sole-proprietorship or partnership business.

In the United States of America, the owner of a LLC is not legally liable for the company's liability or debts.

Additionally, it is very important that in the decision-making process, an organization consults a variety of its key or essential staffs such as managers, directors, stakeholders and executives. Furthermore, when the decision making process has been completed and a position taken, it is necessary that the organization communicates in clear and concise terms the details or parameters which influenced the choice to its audience such as investors, customers, employees etc.

3 0
3 years ago
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