Answer:
Explanation:
1. A company uses the same accounting principles from year to year.(CONSISTENCY)
2. Information that is free from error.(VERIFIABLE)
3. Information presented in a clear and concise fashion.(UNDERSTANDABILITY)
4. Information that makes a difference in a decision.(RELEVANCE)
5. Information accurately depicts what really happened.(FAITHFUL REPRESENTATION)
To have a standard financial statement in accounting , there's are some qualities that are needed to put into consideration such as fundamental qualities as well as Enhancing quality of accounting. fundamental qualities are needed to obtain relevancy and reliability in preparing accounting statement.Enhancing quality of accounting are also to have
Comparability,Consistency, Understandability, Relevance, Verifiable
as well as Faithful representation
Answer:
The communication and education strategies Will be my guidelines in achieving my goals
Explanation:
With the right knowledge of effective communication, in the areas of individual and group communication respectively, I will be able to effectively harness proposes plans and goals that awaits me as a HR professional. Secondly, with a sound understanding of educational tools which are inevitable in Management - Subordinate relationship, I will also be able to channel my focus to various results oriented trainings for various categories of workers.
Three Ethical challenges HR encounters
1. communication gap: This is the most difficult issues a HR can encounter. Some employer relegate the role if an HR to a mere admin manager, neglecting the fact that every employee wishes to be involved in the basic operations of the organisation. With a clear communication policy, such can be managed.
2. Gender differences: Some men teds to be bullies to their female counterpart at same level. A professional HR will always have a policy on discrimination.
3. Compensation and rewards: getting the approval and consent of other management team can be dicing as a HR professional. Organizing an award and recognition program can manage most if these challenges.
Answers: i*r*t = 2000*1*4%=80
2000+80=
$2080.00
Answer:
$48000
Explanation:
Given: Accounts payable $30,000;
Accrued liabilities payable $4,000;
Short-term notes payable $14,000.
Current Liability: It is a financial obligation of the company that need to be paid in a short period of time, within one year or within normal operating cycle.
Now, computing current liabilities from the given information.
Current liability= 
⇒ Current liability= 
∴ Current liability= $48000
Hence, Pioneer's total current liabilities is $48000.
Answer: 1. Goodwill
2. a. Record no entry in the books
b. Record a loss in the books
Explanation:
1. The Special asset created by Heartland Telecom's acquisition of Surety Wireless is Goodwill.
Goodwill is the difference between what the company was worth and what it was purchased for if the purchase price was higher than the worth (market value).
2. a. Goodwill should be accounted for by recoding it in the Long term Assets under Intangible Assets in the balance sheet. It should not be amotrized. If Goodwill increases, there should be no recording this <u>gain</u> on the books.
b. If the value of the asset has decreased, Heartland should record a loss in the books to represent the loss on this account.
