Generally accepted accounting principles are accounting standards that are changed and refined in response to changes in
Question:
Generally accepted accounting principles are accounting standards that are changed and refined in response to changes in the environment in which businesses operate.
a. True
b. False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
False There is no onesizefitsall answer to this questi...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
The following audit report was drafted by an assistant at the completion of the audit of Cramdon Inc., on March 1, 20X5. The partner in charge of the engagement has decided the opinion on the 20X4...
-
(Politicization of GAAP ) Some accountants have said that politicization in the development and acceptance of generally accepted accounting principles (i.e., rule-making) is taking place. Some use...
-
The Securities and Exchange Commission has established a road map that will ultimately require U.S companies to use International Financial Reporting Standards (IFRS). Already, the SEC allows foreign...
-
Find an equation in cylindrical coordinates for the equation given in rectangular coordinates. y = x
-
Which of the following corporations are Small business corporations (SBC) as defined in ITA 248 of the Income Tax Act? a) A Ltd. is a public corporation with 95% of the fair market value of its...
-
Explain why squeeze casting produces parts with better mechanical properties, dimensional accuracy, and surface finish than expendable-mold processes.
-
Discover how a merchandiser operates within the buying team and understand their contribution to the overall buying process. LO.1
-
Riding a Loop-the-Loop A car in an amusement park ride rolls without friction around the track shown in Fig. 7.32. It starts from rest at point A at a height h above the bottom of the loop. Treat the...
-
Jason enters into a long forward based on asset A, with a forward prices of $85. He also enters into a short forward price of $95. At the spot price of S for both assets, his payoffs under the two...
-
As karma developer, Dan was in charge of hummels development and proactivity. Considering the recent media criticism it was however clear that in order to stay on track and continue hummel's work of...
-
Accounting is called: a. The language of economics. b. The language of finance. c. The language of business. d. The language of commerce.
-
The names of three accounting jobs include all but: a. Logistics manager. b. Accountant. c. Bookkeeper. d. Accounts payable clerk.
-
In Exercises 51-54, a. determine the value that the function f approaches as the magnitude of x increases. Is f (x) greater than or less than this value when b. x is positive and large in magnitude...
-
Find f(x) if y = f(x) satisfies dy dx 60yx and the y-intercept of the curve y = f(x) is 6. f(x)
-
Data on the gasoline tax per gallon ( in cents ) as of a certain date for the 5 0 U . S . states and the District of Columbia are shown below. State Gasoline Tax per Gallon State Gasoline Tax per...
-
Write a function report card where the user can enter each of his grades, after which the program prints out a report card with GPA. Remember to ask the user how many classes he took (think - why...
-
VA= 18/ A c = ? 1. For the arrangement of cable and pulleys in the figure, the velocities and accelerations of two of the bodies involved are indicated. Determine the velocity and acceleration of the...
-
Suppose there are two electric charges in 2D planeR2; one is on y-axis and the other is on x-axis: 45km 0 p1:=0,p2:=30km.(1) Thechargesareq1=4.5Catp1andq2=3.0Catp2. (a) Determine the electric field...
-
Prove the quadrilateral property in Exercise 83, assuming the coordinates of P, Q, R, and S are P(x 1 , y 1 , 0), Q(x 2 , y 2 , 0), R(x 3 , y 3 , 0), and S(x 4 , y 4 , z 4 ), where we assume that P,...
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
What types of people or organizations are interested in financial information about a firm, and why are they interested in this information?
-
What types of people or organizations are interested in financial information about a firm, and why are they interested in this information?
-
What is the purpose of the Financial Accounting Standards Board?
-
why should Undertake research to review reasons for previous profit or loss?
-
A pension fund's liabilities has a PV01 of $200 million. The plan has $100 billion of assets with a weighted average modified duration of 8. The highest duration bond that the plan can invest in has...
-
Metlock Limited has signed a lease agreement with Lantus Corp. to lease equipment with an expected lifespan of eight years, no estimated salvage value, and a cost to Lantus, the lessor of $170,000....
Study smarter with the SolutionInn App