Business, 05.09.2019 19:30 brendaesme
Listed below are several terms and phrases associated with the fasb’s conceptual framework. pair each item from list a with the item from list b that is most appropriately associated with it.
list a
(1) predictive value
(2) relevance
(3) timeliness
(4) distribution to owners
(5) confirmatory value
(6) understandability
(7) gain
(8) faithful representation
(9) comprehensive income
(10) materiality
(11) comparability
(12) neutrality
(13) recognition
(14) consistency
(15) cost effectiveness
(16) verifiability.
(a) decreases in equity resulting from transfers to owners.
(b) requires consideration for the costs and value of information.
(c) important for making interfirm comparisons.
(d) applying the same accounting practices over time.
Answers: 1
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Following is stanley black & decker’s income statement for 2016 (in millions): stanley black & decker, inc. income statement for the year ended december 31, 2016 ($ millions) sales $11,406.9 cost of goods sold 7,139.7 gross profit $ 4,267.2 selling, general and administrative expenses 2,602.0 other operating expenses 268.2 operating income 1,397.0 interest and other nonoperating expenses 171.3 income before income tax 1,225.7 income tax expense 261.2 net income $ 964.5 compute stanley black & decker’s gross profit margin.
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Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii
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You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?
Answers: 3
Listed below are several terms and phrases associated with the fasb’s conceptual framework. pair eac...
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