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Lynna [10]
2 years ago
6

The qualitative characteristic of using the same accounting method each period over time refers to the concept of

Business
1 answer:
Serjik [45]2 years ago
3 0
I’m not sure try looking it up
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The following information is available for Blue Spruce Corp. for 2021:
Andru [333]

Answer:

  • Other Comprehensive income = $37,500
  • Comprehensive income = $154,500

Explanation:

Other comprehensive income:

= Realized gain on sale of available-for-sale debt securities  + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income

= 11,000 + 34,000 - 7,500

= $37,500

Comprehensive income = Net income + Other comprehensive income

= 117,000 + 37,500

= $154,500

6 0
3 years ago
Suppose an increase in demand in the market for mutual funds (a financial capital market) causes the interest rate to increase f
Cerrena [4.2K]

With the increase in the demand of the mutual funds, the quantity supplied of the mutual funds will also increase because of the increase in the rate of interest.

<u>Explanation:</u>

All in all, when the rate of interest is rising, it normally makes shared assets, and different ventures, less appealing. This is on the grounds that the expense of acquiring increments with an expansion in loan fee and people and organizations has less cash to place in their portfolio.

As a result of this increase in the cost of borrowing, the quantity supplied of the mutual funds increases in the market, thus increasing the supply in the financial market.

5 0
3 years ago
Why does the moon have phases​
aleksandrvk [35]
The Moon has phases because it orbits Earth, which causes the portion we see illuminated to change.
6 0
3 years ago
The auditors of Dunbar Electronics want to limit the risk of material misstatement in the valuation of inventories to 8 percent.
Ksivusya [100]

Answer:

a. Briefly discuss what is meant by audit risk, inherent risk and control risk.

Audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.

Audit Risk = Inherent Risk x Control Risk x Detection Risk

Auditors will want their overall audit risk to be at an acceptable level. Inappropriate opinion will result in damages / costs  

Inherent risk is the susceptibility of an assertion to a misstatement that could be material individually or when aggregated with other misstatements, assuming there were no related internal controls.

Control risk is the risk that a material misstatement, that could occur in an assertion and that could be material will not be prevented or detected and corrected on a timely basis by the entity's internal control.

b. What level of detection risk is implicit in this problem?

Detection risk is the risk that the procedures performed by the auditor to reduce audit risk to an acceptably low level will not detect a misstatement

In this case the detection risk given is 0.41.

4 0
3 years ago
If 4x-3=25, Then x=<br><img src="https://tex.z-dn.net/?f=4x%20-%203%20%3D%2025.then%20x%20%3D%20" id="TexFormula1" title="4x - 3
RSB [31]
If 4x-3=25 then x= 7
8 0
3 years ago
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