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Temka [501]
3 years ago
15

What are generally accepted accounting principles?.

Business
1 answer:
katrin [286]3 years ago
4 0

Answer:

Generally accepted accounting principles (GAAP) are a common set of accounting rules and standards that dictate how financial statements are prepared.

Explanation:

Generally accepted accounting principles (GAAP) are a common set of accounting rules and standards that dictate how financial statements are prepared. Public companies, nonprofit organizations, and government entities are required to prepare financial statements in accordance with GAAP.

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Quatro Co. issues bonds dated January 1, 2019, with a par value of $400,000. The bonds’ annual contract rate is 13%, and interes
nexus9112 [7]

Answer:

$9850

$ 146,172  

Explanation:

The amount of premium on the bond issuance is the difference between the cash proceeds from the issue and the face value of the bond i.e $9,850($409,850-$400,000).

The total expense that would be recognized over the life of the bond is $146,172   as shown in the expense column of the attached amortization schedule.

Find attached effective interest amortization table.

The final balance is $22 more than the face value due rounding error.

Download xlsx
4 0
3 years ago
Read 2 more answers
_____means tailoring products to meet the needs of a large number of individual customers
Akimi4 [234]

Interfirm means tailoring products to meet the needs of a large number of individual customers.

Interfirm means that numerous companies will work together via the internet and via the use of other state-of-the-art era to provide services and products that customers want and want. The interfirm process recognizes that cutting-edge a success companies must operate in dynamic environments.

Inter-company networks are “a pick out, continual, and dependent set of self-reliant corporations (in addition to nonprofit corporations) engaged in growing products or services primarily based on implicit and open-ended contracts to adapt to environmental contingencies and to coordinate and shield exchanges.

Inter-firm relationships may be tested from a character or structures perspective. A man or woman attitude makes a specialty of the one-to-one courting between two firms. This is probably beneficial while reading the relationships of a pivotal company, along with a rustic's leading exporter or sole processing plant.

Learn more about the corporations here: brainly.com/question/24448358

#SPJ4

8 0
2 years ago
David founds a company and goes through the investment rounds shown below: Round Source Price Number of Shares Class A Self $0.5
juin [17]

Answer:

D. 11%

Explanation:

Step 1. Given information.

  • Cumulative shares:

400,000

500,000

300,000

400,000

2,000,000

Step 2. Formulas needed to solve the exercise.

  • Addition of the cumulative shares = 400,000 + 500,000 + 300,000 + 400,000 + 2 million = 3.6 million.
  • self share = 400000 = 0.4 million
  • David Shares = self share / addition of cumulative shares

Step 3. Calculation. and Step 4. Solution.

David's share = 0.4/3.6 = 11%

4 0
3 years ago
When denying a claim, what approach should you not use? Check all that apply. "
xeze [42]

Answer:

The correct answer is letter "A" and "D": "You" statements that sound preachy; Accusations that imply the customer is dishonest.

Explanation:

Denial letters are very sensitive communications that must be structured to make the customers understand why the claim is being denied. The letter must be direct and objective in all moments to make that understanding easier. Ambiguous or preachy phrases or must be avoided. If applies and necessary, we could let the customers know they were at fault with the facts that lead to that conclusion but not subliminally implying they were dishonest.

4 0
3 years ago
Beach Front Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, a
natulia [17]

Answer:

$76,320

Explanation:

Given that,

sales = $546,000,

costs = $295,000,

depreciation expense = $37,000,

interest expense = $15,000,

Tax rate = 32 percent

Profit before tax:

= Sales - cost - Depreciation - Interest

= $546,000 - $295,000 - $37,000 - $15,000

= $199,000

Profit after tax:

= Profit before tax (1 - Tax rate)

= $199,000 (1 - 0.32)

= $199,000 × 0.68

= $135,320

Therefore, the addition to retained earnings

= Profit after tax - Dividend paid

= $135,320 - $59,000

= $76,320

4 0
3 years ago
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