Answer:
3.each principle is approved by the SEC.
Explanation:
Generally Accepted Accounting Principles are primarily specific accounting guidelines controlled by the Financial Accounting Standards Board (FASB) for financial reporting purposes. As such the practice has become universally accepted overtime, and every accountant considers GAAPs useful to their profession. Furthermore, most companies see it as an authority in accounting reporting.
However, not all GAAPs are approved by the SEC, primarily the SEC is concerned about those principles and standards that affect companies with public traded securities while it delegates the setting of appropriate standards for private organisations to the Committee on Accounting Procedure which was then later delegated to the FASB.
Answer:
idk i'm just trying to get my brainly points up
Explanation:
Answer: A. legal but not ethical
Explanation: Introducing mortgage plans to consumers in other to cater for their needs by a mortgage-loan officer is not a legal crime which will be penalized by the law. However, it is an ethical obligation on the path of the mortgage-loan officer to explain the modalities attached to a certain mortgage plan to consumers, both the advantages and the demerits. In the options ARM mortgage plan, it affords consumers to pay below the interest rate on the mortgage, this short paid interest are later added to the principal and the rates increases. This may cause a lot more harm than good to consumers who do not have detailed knowledge of this particular loan process.
Answer:
The answer is: Average return Gary earned is 14.97%.
Explanation:
Please find the below for detailed explanation and calculations:
The total increase of Gary's investment in large U.S. stocks from 2012 to 2015 is calculated as : (1+15.05%) x (1+33.35%) x (1+11.50%) + (1+ 2.10%) = 1.747 times. That is, he will get 1,000 x 1.747 = $1,747 at the end of 2015.
The average return of Gary's investment in large U.S. stocks from 2012 to 2015 ( 4 year period) is: [ (The fourth root of 1.747) - 1] x 100% =14.97%.