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Solnce55 [7]
2 years ago
11

Financial statements are prepared: Group of answer choices For corporations, but not for sole proprietorships or partnerships. P

rimarily for the benefit of persons outside of the business organization. Only for publicly owned business organizations. In either monetary or nonmonetary terms, depending upon the need of the decision maker.
Business
1 answer:
telo118 [61]2 years ago
8 0

Answer:

Primarily for the benefit of persons outside of the business organization.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. Thus, it includes balance sheet, statement of retained earnings and income statement. The information that are found in a financial statement are revenues, expenses, liability, equity and assets.

Hence, the primary objective of financial accounting is to provide accounting information for external users so as to enable them have a good understanding of the financial inclination of a business firm and thus, make an informed decision whether or not to invest in the business firm.

In Accounting, the external users of a financial accounting information includes customers, creditors, investors shareholders and government regulators.

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In the context of experimental research, the logic of random assignment is
zimovet [89]
The answer to this question is: <span>groups have equal and balanced composition.
</span>Which means that each groups in experimental research are not displaying the too mcuh difference in term of average characteristics.
This will make sure that the data that acquired during the research are stable and can be trusted (not affected by a special variance)
3 0
3 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

8 0
3 years ago
The amount of a good that must be given up to produce another good is the concept of:
Vesna [10]
E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.
3 0
3 years ago
Nonverbal communication is often referred to as body language.<br><br> True<br> False
Paraphin [41]

True!

Why?

Well, non-verbal communication is talking, but without words. It includes of body language, think of sign language, you use your hands. :)

Please award brainliest if I helped you, if not........ oh, well.

Stay happy

4 0
3 years ago
Read 2 more answers
__________ is an example of a capability that is based in the functional area of distribution. Group of answer choices Effective
ICE Princess25 [194]

<u>Effective use of logistics management techniques</u> is an example of a capability that is based in the functional area of distribution.

<u>Option: C</u>

<u>Explanation:</u>

An aspect of supply chain management that is utilized to fulfill consumer expectations by planning, monitoring and enforcing the efficient transportation and storage of relevant information, goods and services from source to destination, thus understood as a logistic management.

This is accompanied by a logistics approach that is a collection of guiding principles, attitudes and driving forces that will help you manage plans, priorities and initiatives through any supply chain among different partners. It allows companies to increase performance in the supply chain while enhancing supply chain management overall.

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3 years ago
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