1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anvisha [2.4K]
2 years ago
14

Which of the following statements is false?

Business
1 answer:
ella [17]2 years ago
3 0

Answer: D

Explanation:

Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.

You might be interested in
For each of the following transactions, identify the net asset classification (without donor restrictions, with donor restrictio
Igoryamba
2 donor donated a nonprofit of cash in 65k in June
7 0
3 years ago
Bonita Industries purchased a depreciable asset for $174500. The estimated salvage value is $14300, and the estimated useful lif
jok3333 [9.3K]

Answer:

Annual depreciation= $16,020

Explanation:

Giving the following information:

Purchase price= $174,500

Salvage value= $14,300

Useful life= 10 years

T<u>o calculate the depreciable base, we need to use the following formula:</u>

<u></u>

Depreciable base= purchase price - salvage value

Depreciable base= 174,500 - 14,300

Depreciable base= $160,200

N<u>ow, we can determine the annual depreciation:</u>

Annual depreciation= depreciable base /estimated life (years)

Annual depreciation= 160,200 / 10

Annual depreciation= $16,020

6 0
2 years ago
The AFL represented: a. A Knights of Labor committee that handled the strategic planning duties and a group that supported the b
GREYUIT [131]

Answer:

OPTION (e) is the right answer.

Explanation:

AFL is been expressed as <u>a federation or service organization that unions could join and still retain their separate identities and collective bargaining firms</u><u>.</u> Because the organization did not strive to organize untrained laborers, they made few profits among new laborers around the year 1920, meanwhile, the increase of the economy took place during mass productions such as rubber, automobiles, chemicals, as well as services.

7 0
3 years ago
What are the two principal animal research regulatory documents used by the public health service?
BARSIC [14]
<span>"Public Health Service Policy on Humane Care and Use of Laboratory Animals" by the US Deparment of Health and Human Services; and "Guide for the Care and Use of Laboratory Animals" by the National Research Council of the National Academies.</span>
6 0
3 years ago
the u.s. internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms
Tresset [83]

The US internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms’ shareholders' double taxation of dividends.

Revenue is the entire quantity of income generated by means of the sale of products or services related to the organization's number one operations. Revenue, additionally known as gross income, is regularly known as the "top line" as it sits at the pinnacle of the income declaration. Profits, or net earnings, are an agency's general profits or income.

In accounting, revenue is the entire quantity of profits generated by using the sale of goods and services related to the primary operations of the business. commercial sales will also be known as income or as turnover. Some corporations get hold of sales from interest, royalties, or different expenses.

Whilst comparing sales vs income you have to understand that “sales” refers to the total amount of cash a company generates before getting rid of any fees. “income”, then again, is equal to sales minus the fees of doing commercial enterprise, which include depreciation, hobby, taxes, and other expenses.

Learn more about revenue here brainly.com/question/16232387

#SPJ4

8 0
1 year ago
Other questions:
  • Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing
    9·1 answer
  • The purchase of U.S. goods and services by foreigners A. requires the purchase of dollar-denominated bonds. B. increases the dem
    8·1 answer
  • Monthly payments are higher with a 15 year , fixed rate mortgage. What are two advantages of a 15 year fixed rate mortgage over
    13·1 answer
  • When do you think home prices peaked? Why?
    10·1 answer
  • Describe how you are currently experience or have overcome academic or personal obstacles
    6·1 answer
  • Weekly demand for private label washing machines at Arcelik, a Turkish department store chain, is normally distributed with a me
    11·1 answer
  • The U.S. GAAP lower of cost or market rule for inventories may be applied to total inventory, to groups of similar items, or to
    8·1 answer
  • Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 18,400 Desired inven
    7·1 answer
  • Chris purchased a new piece of equipment to be used in its new facility. The $410,000 piece of equipment was purchased with a $6
    10·1 answer
  • Jordan has $5. 37, which he is using to buy ingredients to make salsa. He is buying one red pepper for $1. 29 and three pounds o
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!