Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the correct terms for those defination? 1- financial reports should provide intamanion that is of sufficient importance to influence the Judgment and decisions

what is the correct terms for those defination?

1- financial reports should provide intamanion that is of sufficient importance to influence the Judgment and decisions of an informed user

2- Decreases in net assets due to payment to owners.

3-The entity is assumed for accounting purposes to continue will have a long life.

5- Financial information that has value as in assisting investors to Torm their own realistic expectations about the future.

6- The market value of what is given up provides reliable evidence of the cost of the item acquired.

7- The Calendar constraint, sccounting measures and reports on the economic elements of the entry for a series of short time periods (such as a year)

8-Revenues are recognized then the expenses incurred in generating that revenue should be determined.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Organisational Change Audit

Authors: Ralph Houston

1st Edition

1907766014, 978-1907766015

More Books

Students also viewed these Accounting questions

Question

What is cultural tourism and why is it growing?

Answered: 1 week ago