Define generally accepted accounting principles and explain why they are necessary.
Question:
Define generally accepted accounting principles and explain why they are necessary.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Let r and s be solutions to the quadratic equation x 2 b x + c = 0. For n N, define d0 = 0 d1 = r s dn = b dn1 c dn2 (n 2) Prove that dn = r n s n for all n N. [4 marks] (b) Recall that a commutative...
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
WorldCom generally maintained its own lines for local service in heavily populated urban areas. However, it relied on non-WorldCom networks to complete most residential and commercial calls outside...
-
A teacher traces a small circle on the palm of a kindergartener's hand to let him know it is time for free play. What type of disability does this child most likely have? A. Traumatic Brain Injury B....
-
For hypothesis tests in this section that were two-tailed, we found only the upper critical value. (Recall that for two-tailed tests, the significance level that you look up in the F distribution...
-
Using these reactions, find the standard enthalpy change for the formation of 1 mol of PbO(s) from lead metal and oxygen gas. PbO(s) + C(graphite) Pb(s) + CO(g) H = 106.8 kJ 2 C(graphite) + O 2 (g) ...
-
Show by example that the law of one price can hold but there can still be arbitrage opportunities.
-
PAR AND NO-PAR, COMMON AND PREFERRED STOCK Valdez Company had the following stock transactions during the year: (a) Issued 24,000 shares of $1 par common stock for $26,000 cash. (b) Issued 20,000...
-
ook Show Me How Calculator Perpetual Inventory Using UFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Purchases Sales Dec. 1 3,300...
-
Explain the objective of financial reporting and the qualities necessary to achieve this objective.
-
What is the Walt Disney Company's key objective? Go to Financial Information and click on the most recent annual report. a. What are the key businesses of the Walt Disney Company? Identify whether...
-
Discuss limitations of relying on legal documentation in legal closing.
-
Over the past 40 years, union membership has declined, and it continues to do so. Instead, many companies are turning to alternative dispute resolution. We know one of the best union avoidance...
-
Article "A Leader's Journey" by Pamela Kruger Photographs by Nigel Dickson. For this discussion, let's try and unpack the key factors that led to his transformation. 1. What are your key takeaways...
-
Describe the collaborative roles of the team leader and the team coach in helping a group of people come together to form a team. Recommend strategies for Alex as team leader to use in helping to...
-
a. Complete the table with all marginal totals and cell counts. b. Calculate the following probabilities. i. For a male to be a Republican. ii. For a voter to be female. iii. For a voter to be either...
-
1. Will the Coronavirus Pandemic Make Working from Home the New Normal?" Address the following below. Define the problem described in this case. What are the management, organization, and technology...
-
Assume that the president of Elkhead Brewery made the following statement in the Annual Report to Shareholders: The founding family and majority shareholders of the company do not believe in using...
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
Oct. 31: Paid salaries, $45,000 ( 75% selling, 25% administrtive). Data table Data table them to retail stores. The company has three inventory items: and floor lamps. RLC uses a perpetual inventory...
-
question 1- You borrow a simple loan of SR 500,000, interest rate is 20%, it matures in one year. what's the yied to maturity? question 2- calculate_i for One-Year Discount Bond with price(p) =...
-
Taste of Muscat is a reputed chain of restaurants operating in Oman. Assume You are working as a management accountant for this restaurant chain which is specialized in all types of Arabic food. Your...
Study smarter with the SolutionInn App