Answer:
False
Explanation:
The GAAP established that when the benefits of obtaining accounting information are lower than the costs of providing that information, the information should not be provided.
For example, sometimes there are very small differences in certain accounts that don't allow a balance sheet to be balanced. If the accounting error is very small, e.g. just a few hundred dollars, then it is not reasonable to have a whole audit team check all the financial statements again to determine what caused the error. An adjusting entry could be made to close the account balances.
Imagine you are an auditor that must check the physical inventory of a factory and some boxes containing supplies are misplaced. It might take you a whole day to count again all the supplies and materials, but is it worth it? If the supplies were really expensive, probably yes, but if they were cheap components, then probably no.
Answer:
true
Explanation:
In simple words, the increase in health care benefits that most of the multinational companies provide to their employees will ultimately leads too less affection towards faculty jobs.
This is due to the fact that the cost health care has been increasing day by day and its hard to maintain a decent life style with a necessary service getting that expensive.
Thus, corporate jobs are more attractive than faculty ones as they provide more assurance to the individuals that they will not be financially destroyed due to medical services.
Answer:
$0
Explanation:
Capital assets are useful items that a business intends to keep beyond the current financial year. They are assets held for personal or investment purposes. Capital assets exclude items meant for sale in the current financial period.
Capital assets are used in the business operations to generate more revenues for the company. They are assets with a use-life that is greater than one year. Castle City General purchased a computer to be used by the city's treasurer. Castle City General will not use this item; hence it will not help in generating any revenues. The Furniture is for the mayor's office, and not the Castle City operations. These two purchases will not be included in Castle City books as capital expenditures.
Answer:
gadget companies trhssfgfkgxjgxkgd
Answer:
The correct answer is C
Explanation:
As the yogurt company, launched a effective plan for the marketing strategy. But the market responded and the consumers flocked to purchase the yogurt. So, it means that the plan does not work in the market.
Therefore, the company need to update the market plan so that the more successful the plan will be it will require a revision and a faster plan.
