Answer:
The correct option is;
B. Companies use GAAP when preparing financial statements
Explanation:
Generally Accepted Accounting Principles (GAAP) are the guidelines with regards to the standards, principles, practices and procedures of financial statement compilation by accountants issued by the Financial Accounting Standards Board (FASB). It is a requirement that all publicly quoted companies make use of GAAP for their financial compilation.
GAAP comprises of the generally accepted accounting records reporting and recording methods as well as policy board standards of accounting procedures.
Answer:
The correct answer is $479,500.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the total revenue by using following formula:
Total revenue = Net sale + Dividend revenue + Rent revenue
Where, Net sales = Sales revenue - Sales return
= $445,000 - $34,000 = $411,000
By putting the value in the formula, we get
Total revenue = $411,000 + $10,500 + $58,000
= $479,500
Some of the social factors that have led to unemployment in South Africa amongst the youth are:
- High population growth.
- High poverty rates.
As a result of high population growth, the number of youth in South Africa has increased to a point where getting jobs for all of them is quite difficult.
High poverty rates also mean that a lot of the youth are unable to afford a tertiary education which means that they are unable to get the qualifications needed for a job.
Find out more on factors leading to unemployment at brainly.com/question/305041.
Answer:
employment at will
Explanation:
According to my research on different employee responsibilities, I can say that based on the information provided within the question the company can state that the layoffs were instances of employment at will. This is because the employees were only showing up when it suited them, which is not part of their contract, the employees need to show up to work on time based on their work schedule.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
