Business, 18.08.2021 23:40 harris435942
Instructions
Identify by number the accounting assumption, principle, or constraint that describes each situation
below. Do not use a number more than once,
a. Allocates expenses to revenues in the proper period.
b. Indicates that fair value changes subsequent to purchase are not recorded in the accounts. (Do not
use revenue recognition principle.)
c. Ensures that all relevant financial information is reported.
d. Rationale why plant assets are not reported at liquidation value. (Do not use historical cost principle.)
e. Indicates that personal and business record keeping should be separately maintained.
f. Separates financial information into time periods for reporting purposes.
Assumes that the dollar is the "measuring stick" used to report on financial performance.
Answers: 1
Business, 21.06.2019 13:50, fseftrwer4378
Recently, algonquin books partnered with barnes & noble to offer a unique if you purchase one of 12 paperback books published by algonquin, you can choose one of 12 e-books for $3 (a much lower price than a regular e-book). the goal is to increase traffic in bookstores.
Answers: 3
Business, 21.06.2019 19:10, victorialeverp714lg
Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:
Answers: 1
Business, 22.06.2019 20:00, oliviac0327
Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)
Answers: 3
Instructions
Identify by number the accounting assumption, principle, or constraint that describes...
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