A plot in
Cartesian axes.
This kind
of graph has two exes: x (horizontal) and y (vertical). X represents the
independent variable, in this case: time. Y represents the dependent variable,
which is the one that is changing over time.
For example,
you can make this graph with temperature along the year. You will usually have
higher temperatures in summer, which will be represented in the upper part of
the graph, and lower temperatures in winter, which will be represented in the
bottom part of the graph. January will be on the left and December will be on
the right.
Answer:
Richard should have use <u>b</u><u>r</u><u>e</u><u>v</u><u>i</u><u>t</u><u>y</u> and <u>p</u><u>e</u><u>r</u><u>c</u><u>i</u><u>s</u><u>i</u><u>o</u><u>n</u><u> </u>in his ad to make it better.
Explanation:
Brevity is similar to shortness and percision is the most suitable answer because fluidity means changable and the comparability mean it can be similar and comparable
Any has to file a tax report
International Financial Reporting Standards (IFRSs) are not authoritatively proclaimed by International Accounting Principles.
<h3>What are IFRS and what are their tenets?</h3>
The reporting of specific kinds of transactions and events in financial statements is governed by a set of accounting standards called International Financial Reporting Standards (IFRS). The International Accounting Standards Board created and maintains them (IASB).
<h3>Why is it necessary to use International Financial Reporting Standards (IFRS)?</h3>
By improving the quality and comparability of financial data on a global scale, IFRS Accounting Standards increase transparency and empower investors as well as other market players to make wise financial decisions.
<h3>Why is IFRS based on principles?</h3>
The adoption of principles-based accounting is necessary because IFRS is intended for international application. Hard-set norms from one nation may not be accepted in another due to disparities in business practices or legal systems.
Learn more about International Financial Reporting Standards (IFRS): brainly.com/question/16244998
#SPJ4
<u>Answer: </u>Option A
<u>Explanation:</u>
Prospective approach is used for bring changes into accounts. In the LCNRV rule the accounting principle of lesser value of the stock is so that the amount sold can be mentioned as the net realizable value (NRV). Here the principle of using low cost of net realizable value is known as LCNRV. This cannot be changed using prospective approach.
Other changes such as the depreciation from straight line to double declining depreciation, LIFO from average costing for inventories and other change from double declining to straight line depreciation can be done with the prospective approach.