Answer:
The answers are,
Items not easily quantified in dollar terms are not reported in the financial statements.
Monetary Unit Assumption
Accounting information must be complete, neutral, and free from error.
Faithful representation
Personal transactions are not mixed with the company's transactions.
Entity Assumption
The cost to provide information should be weighed against the benefit that users will gain from having the information available.
Cost constraint
A company's use of the same accounting principles from year to year.
Consistency
Assets are recorded and reported at original purchase price.
Historical Cost
Accounting information should help users predict future events, and should confirm or correct prior expectations.
Relevance
The life of a business can be divided into artificial segments of time.
Periodicity assumption
The reporting of all information that would make a difference to financial statement users.
Full Disclosure principle
The judgment concerning whether an item's size makes it likely to influence a decision-maker.
Materiality
10. Assumes a business will remain in operation for the foreseeable future.
Going concern
12. Different companies use the same accounting principles
Comparability
Explanation:
D Reflect upon the feedback and mofify his approach so its more effective.
It is the percentage between the people joining and people leaving.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manufacturing costs $16.00 per square
Manufacturing cost= direct material + direct labor + manufacturing overhead
MC= 12,000 + 16* 50,000= $812,000
This business uses a Peer-to-peer technique
Explanation:
P2P is a shared application framework which separates the tasks or workload from each other (partitioning tasks or workloads). Participants in the program are equally qualified and fit. It is called a system of nodes peer to peer.
Peer services, for instance computing power, disk storage and bandwidth, are made available to other network users directly without the central control of the servers or secure hosts. Peers, in comparison to the conventional customer service model where resource utilization and distribution are separated, are both the providers and consumers of services.
