Answer:
4. Investments by and distribution to owners (ex: stockholders) during the period.
5. Financial Position at the end of the period.
6. Cash flows during the period.
7. Earnings for the period.
Explanation:
The information that the current Generally Accepted Accounting Principles (GAAP) and Auditing Standards require the financial statements of an entity to show for the reporting period are;
1. Investments by and distribution to owners (ex: stockholders) during the period.
2. Financial Position at the end of the period.
3. Cash flows during the period.
4. Earnings for the period.
The Financial Accounting Standards Board (FASB) issued some standards, accounting principles, and procedures to be followed by public companies in the United States of America for reporting and recording statements of income, this is known as the Generally Accepted Accounting Principles (GAAP).
The GAAP is also adopted by the Securities and Exchange Commission (SEC) to measure, analyze and regulate the stock market.
Stanley goes to civil court seeking an injunction which is a court order requiring the plant to stop. An injunction is a judicial order which restrains a person or a business entity from starting or continuing an action threatening or invading the legal right of another citizen.
Answer:
D) every company is trying to implement them and hence it does not make a company different from others
Explanation:
The problem when something too popular, is that everybody is doing the same thing. This applies to individuals, businesses and even governments.
Total quality, benchmarking and reengineering were seen as complete and radical innovations during the 1980s and 1990s, and back then they really made a difference. The problem is that every company is trying to do the same now, and what makes a company successful is being different and working better than the rest.
Answer:
Value
Explanation:
Cassandra has determined that by satisfying customers they can increase their sales which is also witnessed from The VRIO analysis. This analysis shows that the product uniqueness, resources availability, internal and external analyses, etc are of the opinion that this service will bring value to the company.
Answer:
The journal entry to record the reduction in value would be:
Account Title Debit Credit
Loss on Impairment 11,700
Debt Investments (Available-for-Sale) 11,700
$76,700 - $65,000 = 11,700
In this case, a loss has occurred and the individual security should be written down. If Flint Co. has already recognized an unrealized holding loss—equity, an additional entry is needed to reverse this amount as well as eliminate the fair value adjustment (available-for-sale) account.
