Match the following assertions with their associated description:
(a) existence/occurrence
(...
Business, 20.08.2021 01:20 xxtonixwilsonxx
Match the following assertions with their associated description:
(a) existence/occurrence
(b) completeness
(c) rights and obligations
(d) valuation or allocation
(e) presentation and disclosure.
1. The recorded balances reflect the true underlying economic value of those liabilities.
2. Accounts payable balances include all accounts payable transactions that have taken place during the period.
3. The company actually owes a liability for the accounts payable as of the balance sheet date.
4. Accounts payable is properly classified on the balance sheet and disclosed in the notes to the financial statements.
5. Accounts payable balances exist at the balance sheet date.
Answers: 2
Another question on Business
Business, 22.06.2019 13:30
If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?
Answers: 2
Business, 22.06.2019 21:10
You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?
Answers: 1
Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
Business, 22.06.2019 23:40
Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?
Answers: 2
You know the right answer?
Questions
Advanced Placement (AP), 04.12.2019 05:31
Biology, 04.12.2019 05:31
Mathematics, 04.12.2019 05:31
English, 04.12.2019 05:31
