Answer: false
Explanation: The first statement in the given case is correct as accounting is based on determining net income. Whereas, the subject matter of finance is related to increase the value of the company and the value of its shareholders wealth.
Finance does not only focus on net income but it also focuses on other aspects like liquidity, future potential etc.
Hence the given statement is false.
Answer:
The answer to this question is True.
Explanation:
The one and only responsibility of the management towards financial reporting involves presenting the financial statements that were prepared by the them that is in accordance to the financial reporting framework that is applicable.
Hence the answer to this question is True.
Answer:
The correct answer is letter "B": behavioral interview.
Explanation:
A behavioral interview is the type of interview in which applicants are questioned how they reacted in front of different types of situations. This is done with the idea applicants' past actions can predict the way they are likely to behave in the future. Most interviews have behavioral questions for applicants but do not only focus on their past reactions at work.
Explanation:
On the books of Shore Co
Cash A/c Dr $111,560
Sales discount A/c $2,240 ($11,2000 x 2%)
To Accounts receivable A/c $113,800 ($112,000 + $1,800)
(Being cash is received)
On the books of Blue star
Accounts payable A/c Dr $113,800 ($112,000 + $1,800)
To Merchandise inventory A/c $2,240 ($11,2000 x 2%)
To Cash A/c $111,560
(Being cash is paid)
