Find why is a rule-making process for information contained

Assignment Help Financial Accounting
Reference no: EM132721030

Problem 1: Why is there a rule-making process for information contained in financial reports?

Select an answer:

Option 1: so outsiders can compare different companies

Option 2: so companies in different industries can have custom rules

Option 3: so companies know how to use the information internally

Option 4: so outsiders can compare different industries

Reference no: EM132721030

Questions Cloud

Complicated budgeting policies and procedures : All health care organizations have complicated budgeting policies and procedures.
Find and show the actual dollar cash flows at time zero : Find and Show the actual dollar cash flows at time 0 and at the expiration of the futures contract. Show that the actual futures price (BEY of 4.9%)
Public health workforce hiring strategies : One of the major factors in the successful operation of any public health organization is whether appropriate people have been hired for the roles.
Make a bank reconciliation for hammond company for june : Make a bank reconciliation for Hammond Company for June 30, 2017. The bank statement balance is $7,650. The cash account balance is $6,422
Find why is a rule-making process for information contained : Find why is a rule-making process for information contained in financial reports? so outsiders can compare different companies.
Present public health and healthcare trends : Given present public health and healthcare trends, where are employment opportunities for public health professionals most likely to arise in the coming years?
Find how would organize the business : Find How do you think the leadership of that company monitors routine activity and reacts to unexpected events? How would you organize the business?
Indicate the accounts that are increased to remove equipment : Indicate the accounts that are increased and/or decreased to remove the equipment from the books of Brown Company on March 31, 2015.
Prepare a schedule of raw materials placed in production : Schedule of raw materials placed in production. Prepare a schedule of raw materials placed in production for the month of April

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss the goals and purpose of capital budgeting

Discuss the goals and purpose of capital budgeting. What is net present value and why is it critical to capital budgeting? Explain in detail

  Changed from straight-line to DDB depreciation

Our company changed from straight-line to DDB depreciation. Which does the journal entry to record the change include?

  Prepare the required journal entry for romano services

Prepare the required journal entry for Romano Services on June 30th. The entry includes. A debit to accounts receivable of $46,600

  Which items that are dissimilar in nature must be presented

Which Items that are dissimilar in nature must be presented separately in financial statements unless? the directors approve aggregation of the items.

  Calculate the balance in the allowance for doubtful accounts

Calculate the balance in the allowance for doubtful accounts at December 31, 2021. THE Company uses the net credit sales method to estimate bad debt

  Investment in certificates of deposit and other securities

Investment in certificates of deposit and other securities that do not change in value are reported in the balance sheet as:

  Create trial balance using the accounts and balances

The following are the accounts and balances for XYZ Inc as of December 31, 2015. Create a trial balance using the accounts and balances given above – assume all accounts have a normal balance.

  Compute diluted earnings per share

In 2013, Chirac Enterprises issued, at par, 75 $1,070, 7% bonds, each convertible into 110 shares of common stock. Chirac had revenues of $20,900 and expenses other than interest and taxes of $9,450 for 2014. (Assume that the tax rate is 40%.) Throug..

  Find what is the regular payback period for each project

According to internal rate of return (IRR) which project should be accepted if they are independent?What is the regular payback period for each project?

  What is the rationale for using the accounts and amounts

Let's examine unearned revenue and revenue recognition using an example. When I lived in Arizona I was a season ticket holder to Arizona Diamondbacks (D’backs) games. In the autumn of each year I paid for season tickets for the next season. The ticke..

  Calculate the predetermined allocation rate

Oscar prizes, a manufacturer of gift articles, uses a single plant wide rate to allocate direct costs. The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base. Estimated overhead cost for t..

  What is change in fair value less estimated point-of-sale

What is the change in fair value less estimated point-of-sale costs of the vines for the reporting period 30 June 2012 in accordance with NZ IAS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd