Does this policy of ignoring subscriptions due when preparing the financial statements comply with the prudence concept?
Question:
Does this policy of ignoring subscriptions due when preparing the financial statements comply with the prudence concept? Why/Why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
It does not comply with the prudence concept You will rem...View the full answer
Answered By
Shameen Tahir
The following are details of my Areas of Effectiveness. The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
Business Ethics Business Ethics An introduction to business studies Organization & Management Legal Environment of Business Information Systems in Organizations Operations Management Global Business Policies Industrial Organization Business Strategy Information Management and Technology Company Structure and Organizational Management Accounting & Auditing Financial Accounting Managerial Accounting Accounting for strategy implementation Financial accounting Introduction to bookkeeping and accounting Marketing Marketing Management Professional Development Strategies Business Communications Business planning Commerce & Technology Human resource management General Management Conflict management Leadership Organizational Leadership Supply Chain Management Law Corporate Strategy Creative Writing Analytical Reading & Writing Other Expertise Risk Management Entrepreneurship Management science Organizational behavior Project management Financial Analysis, Research & Companies Valuation And any kind of Excel Queries.
4.70+
16+ Reviews
34+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
Question Posted:
Students also viewed these Business questions
-
The audit of Liverpool Ltd had been completed and the audit seniorfor the engagement prepared items for discussion. He argues that the following list of accounting changes violates the consistent...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Freeburn Co. (Freeburn) is a manufacturer of womens outerwear. Most of Freeburns merchandise is manufactured in Canada. Although production costs are higher in Canada, the company finds that the high...
-
Reading material Raymond Frost, Alexa K. Fox & Judy Strauss (2019). Product: The Online Offer. E-Marketing , 9, 206 - 228. Raymond Frost, Alexa K. Fox & Judy Strauss (2019). Price: The Online Value....
-
Tyler Hawes and Piper Albright formed a partnership, investing $210,000 and $70,000, respectively. Determine their participation in the year's net income of $290,000 under each of the following...
-
Utilize time value of money calculations in preparing a loan application and negotiating a loan.
-
Summarize design activities for each of the five components of an information system. Explain six categories of procedure that need to be designed.
-
The government has decided that the free-market price of cheese is too low. a. Suppose the government imposes a binding price floor in the cheese market. Draw a supply- and-demand diagram to show the...
-
Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances:...
-
Gow, Short and Hill are partners. They share profits and losses in the ratios of 3/11, 4/11 and 4/11 respectively. For the year ending 31 July 2016, their capital accounts remained fixed at the...
-
Read the following and answer the questions below. On 1 January 2015 the Happy Haddock Angling Club had the following assets: During the year to 31 December 2015 the Club received and paid the...
-
A clump of soft clay is thrown horizontally from 8.50 m above the ground with a speed of 20.0 m/s. Where is the clay after 1.50 s? Assume it sticks in place when it hits the ground.
-
Sunn Company manufactures a single product that sells for $180 per unit and whose variable costs are $141 per unit. The company's annual fixed costs are $636,000. The sales manager predicts that next...
-
Question 22(5 points) Silver Corp. declares a 15% stock dividend to its shareholders on 1/18. On that date, the company had 15,000 shares issued and 12,000 shares outstanding. Silver Corp. common...
-
Select your a diagnosis from the DSM-5. using your information found through a search of the literature available on your selected diagnosis using appropriate references of peer reviewed journal...
-
Problem 1: Grand Monde Company manufactures various lines of bicycles. Because of the high volume of each type of product, the company employs a process cost system using the FIFO method to determine...
-
Draw the shear force, bending moment diagram of a beam for the loading condition as shown in the figure. Determine the maximum bending moment, and shear force in the beam. Support reactions are pre-...
-
Explain General Electrics strategic planning grid approach to evaluating opportunities.
-
Graph one period of each function. y = 4 cos x
-
Cash from Operating Activities: ______________ Cash from Investing Activities: ______________ Cash from Financing Activities: ______________ Problem 2: Financial Ratios The GAP Macys 1 Current Ratio...
-
On January 1, 2021, Winky Enterprises issued 12% bonds dated January 1, 2021, with a face amount of $2,800,000. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market...
-
Using the following accounts and balances, prepare the stockholders' equity vection of the balance sheet. Pilty thousand shares of common stock are authorised, and 1,000 shares have been recoured,...
Study smarter with the SolutionInn App