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podryga [215]
2 years ago
8

The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance

on when a company must recognize revenue. Prescribes that a company report the details behind financial statements that would impact users' decisions. Prescribes that a company record the expenses it incurred to generate the revenue reported. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
Business
1 answer:
MrMuchimi2 years ago
4 0

Answer:

Prescribes that a company report the details behind financial statements that would impact users' decision

Explanation:

The Full Disclosure Principle refers that the information i.e. relevant and significant for understanding the financial statement of the company should be involved at the time of filing in the public company

Also it reports the information behind the financial statement that have an effect on the decision of the users

Therefore the above statement represent an answer

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Consider an economy that only produces two goods: DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD playe
dangina [55]

Answer:

$4,000

Explanation:

Given that,

Last year:

DVDs sold = 10

Selling price of each DVD = $20

DVD players sold = 5

Selling price of each DVD player = $100

This year:

DVDs sold = 150

Selling price of each DVD = $10

DVD players sold = 10

Selling price of each DVD player = $60

Real GDP:

= (No. of DVDs sold this year × Selling price of each DVD last year) + (No. of DVD players sold this year × Selling price of each DVD player last year)

= (150 × $20) + (10 × $100 )

= 3,000 + 1,000

= $4,000.

3 0
3 years ago
When Jack takes a class, he saves all his work for that class with the name of the course. What is most likely happening to his
mojhsa [17]

Answer:

He has lost the previous files as he has been replacing them.

Explanation:

When you save a file in your computer, you need to save it with a name that is different from the names of the other files you have in the computer. If you save file with the same name of another file, you will replace that file and will lose the information you had. So according to this, as Jack is saving all his work for the class with the name of the course, it means that he has saved everything with the same name and he has lost the previous files because everytime he saves a new file he replaces the previous one.

8 0
3 years ago
The degree of risk is associated with the probability or magnitude of loss.
pochemuha

The degree of risk is associated with the probability or magnitude of loss. The given statement is true.

The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.

Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.

Learn more about probability here

brainly.com/question/24756209

#SPJ4

4 0
1 year ago
Prepare journal entries for Buffalo to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adju
Nataly_w [17]

Answer:

1) Debit Account Receivable/Bank Account - Sales Amount

Credit Sales Account - Sales amount

Credit Inventory Account - Cost of the product

Debit Cost of Sales  - Cost of the product

2) Debit Sales Account - Sales Amount

Credit Cost of Sales - cost of the product

Credit Account Receivable/ Bank - Refund Amount

Debit Inventory Account- Cost of the product

3)

a)Any increase in returns over estimate

Debit Sales Account - Difference in sales Value

Credit Cost of Sales -  Difference in cost of the product

Credit Account Receivable/ Bank -  Difference Refund Amount

Debit Inventory Account- Difference in Cost of the product

b) Any Decrease in returns over estimate

Debit Sales Account - Decrease in Sales Amount

Credit Cost of Sales - Decrease in cost of the product

Credit Account Receivable/ Bank - Decrease in refund Amount

Debit Inventory Account- Decrease Cost of the product

Explanation:

8 0
3 years ago
Read 2 more answers
If nicotine in cigarettes is highly addictive, why would it make economic sense for producers of cigarettes to offer free sample
makkiz [27]
If the nicotine cigarettes are highly addictive and they were to offer the free samples to young adults then it will make the people be highly addictive in the nicotine cigarettes and this will cause the economy in the producers to have a less demand in elasticity. If it has a less elasticity, then it will cause a large price change, affecting the consumed quantity by the consumers.
8 0
3 years ago
Read 2 more answers
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