Business, 18.01.2020 00:31 bbbbriasutton
Which of the following statements includes the most useful guidance for practicing accountants concerning the fasb accounting standards codification.
a) the codification includes only fasb statements.
b) the codification is the sole source of u. s. gaap, for nongovernmental entities.
c) the codification significantly modified the content of gaap when it became effective.
d) an accountant can be sure that all sec rules are included in the codification.
Answers: 3
Business, 21.06.2019 23:50
Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?
Answers: 1
Business, 22.06.2019 00:30
Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale
Answers: 1
Business, 22.06.2019 11:00
%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket
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Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
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Which of the following statements includes the most useful guidance for practicing accountants conce...
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