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Ronch [10]
2 years ago
13

The _____ principle states that accounting information is based on actual cost.

Business
2 answers:
Ierofanga [76]2 years ago
7 0

The cost principle principle states that accounting information is based on actual cost.

<h3>What is cost principle?</h3>

The cost principle  cannbe regarded aa an accounting principle that stressed that an asset should be recorded at the purchase price.

Therefore, cost principle, stressed that accounting information is based on actual cost.

Learn more about cost principle at:

brainly.com/question/13186211

tamaranim1 [39]2 years ago
4 0

People are engage in different aspect of Accounting. The Cost Principle states that accounting information is based on actual cost.

<h3>What is Accounting about?</h3>
  • The primary purpose for accounting is to know, record, and pass on vital, reliable, and comparable information that pertains to an organization's business dealings so as to help internal and external people who uses it to make good decisions.

Cost Principle is known as a type of principle which implies that accounting information is due to the use of actual costs incurred in business transactions.

Conclusively, This type of cost is often measured on cash or equal-to-cash methods.

Learn more about Accounting from

brainly.com/question/24516871

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Do you really believe that having a written code of conduct will reduce fraud and other dishonest acts in an organization
kirza4 [7]

Explanation:

Yes, it is necessary to have a written code of conduct so that employees have an instrument that regulates and regularizes fraud situations in the company. The code of conduct is a necessary document so that employees can guide the ideal ethical behavior for a professional, as well as serving as a protection document for those who suffer an unethical act by third parties.

It is necessary, in addition to the written code of conduct, that behaviors be guided and valued when positive, starting with leaders, who must behave based on ethics and respect for employees. Through shared ethics, an organizational culture favorable to the development and motivation of employees is created.

4 0
3 years ago
The format displayed is used by Gee, Inc., for its Year 4 statement of changes in equity. When both the 100% and the 5% stock di
Nutka1998 [239]

Answer:

If company issued stock dividend then

company's retained earnings will decrease by stock dividend's market value and company's additional paid in capital will increase.

in this question 5% stock dividend declared

answer is

Additional paid in capital Retained earnings

c Increase                             Decrease

3 0
4 years ago
Read 2 more answers
For a monopolist facing this demand curve, the profit-maximizing quantity is ______ and the profit-maximizing price is ______.
hram777 [196]

For a monopolist facing this demand curve, the profit-maximizing quantity is 50 and the profit-maximizing price is $2.

The curve is a payment card that aggregates multiple payment cards via a companion mobile app, allowing users to pay and withdraw from one card. You can 'change the bank card you paid with after each transaction is completed.

The curve allows you to change the card used for a particular purchase 30 days after purchase. This is useful if you accidentally use the wrong card or need to manage your credit limit.

In a simple closed curve, the shape is closed by lines or curves. Triangles, squares, circles, etc. are examples of closed curves. A curve that has the same start and end points and does not intersect is called a simple closed curve. A circle is a simple closed curve.

Learn more about curves here

brainly.com/question/26430220

#SPJ4

6 0
2 years ago
Active policy making refers to
Contact [7]
Nondiscretionary policy making.

relying on policies that act as automatic stabilizers.

actions taken by policy makers in response to or in anticipation of some change in the overall economy.

policy making that is carried out in response to a rule.
5 0
3 years ago
Schager Company purchased a computer system at a cost of $60,000 on 1/1/2019. The estimated useful life is 8 years, and the esti
MaRussiya [10]

Answer:

$11,250

Explanation:

The computation of depreciation expense for the second year is given below:-

Double declining rate = 1 ÷ 8 × 2

= 25%

Here, for computing the depreciation for 2nd year we need to first calculate the 1st year of depreciation.

Depreciation for the 1st year = Purchase cost × Double declining rate

= $60,000 × 25%

= $15,000

Depreciation for the 2nd year = (Purchase cost - Depreciation for the 1st year) × Double declining rate

= ($60,000 - $15,000) × 25%

= $45,000 × 25%

= $11,250

3 0
3 years ago
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