QUESTION 8 Choose 3 of the assumptions and principles that are used in financial reporting and...
*Choose one of the main differences between generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). *Fully explain the selected difference. *In addition, discuss how that difference impacts financial reporting. *Lastly, discuss which standard you think is more appropriate to apply to financial accounting and why.
Exercise 2-36 Assumptions and Principles Presented below are the four assumptions and four principles used in measuring and reporting accounting Information Assumptions Principles a. Economic entity e. Historical cost b. Going-concern f. Revenue recognition Time-period 9 Expense recognition d. Monetary unit h. Conservatism Required: Identify the assumption or principle that best describes cach situation below. 1. Requires that an activity be recorded at the exchange price at the time the activity occurred. the owners. 2. Allows a company to report...
QUESTION 30 REMINDER: You will choose 8 of these 10 questions to respond to. Leave the two -2-4 sentences in length. Explain what an Institutional Review Board (IRB) is and what purpose it serves. Τ Τ Τ Arial 3 (12pt) T E 25 Path: P
L01-3 EXERCISE 1.3 What Is Financial Reporting? A major focus of this course is the process of financial reporting. a. What is meant by the term financial reporting? b. What are the principal accounting reports involved in the financial reporting process? In general terms, what is the purpose of these reports? c. Do all business entities engage in financial reporting? Explain. d. How does society benefit from the financial reporting process? LO1-5 EXERCISE 1.4 Generally Accepted Accounting Principles Generally accepted...
plz help the inoculating loop After you use an inoculating loop to transfer bacteria from a culture tube onto a slide, you should before putting it away For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac). TTTT Paragraph Arial 3 (12pt) E - T %D0Q TT. Пнти се QIX I Path: P Words:0 QUESTION 3 In lab, bacterial cultures (Petri plates and tubes of culture broth) should be kept covered at all times. This is partly to protect us from...
QUESTION 3 How many bytes does UTF-8 store a character in? 2 QUESTION 4 In binary files, integers are stored in which byte-type format? ASCII Chars Decimal Hexidecimal Explain the use of the keyword transient' and give a practical example of when you would use it. TTT Arial 3(12pt) T E S. 25 Words:0 Path:p QUESTION 2 What happens if you keep reading at the end of a stream? EOFException IOException FileNotFoundException Object MismatchException
Suppose I am modeling a bank. For a CUSTOMER entity, explain why a customer's social security number is a better identifier than (LastName, FirstName). ABC T T T Arial 3 (12pt) T M i Path: P Words:0
Many plasmids used to express recombinant protein also carry a gene which codes for resistance to an antibiotic. Why is such a gene often included? TTT Arial 3 (12pt) - T - = - = - S e Path: p Words:0
Question Completion Status: QUESTION 7 What is the difference, if any, between Quantity Demanded and a change in Quantity Demanded. Off an example in your interpretation , T. :-·-·卧ン囚 Arial ▼ 3 (12pt) Path: p Words: QUESTION 8
Path: P Words:0 QUESTION 9 Provide examples of merchandise which may have a relatively long shelf life as well as examples of merchandise with extremely short lives (2 examples each). And discuss why a retailer or wholesaler would want to turn merchandise over rapidly? TTT Arial 3 (12pt) T. Path: P Words:0 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All