What a disadvantage of principles-based standards is

Assignment Help Accounting Basics
Reference no: EM132567870

Question 1. According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations?

Select one:

a. Poor performers have good disclosure, but no relationship has been found for good performers

b. Poor performers have poor disclosure, but no relationship has been found for good performers

c. Research has not drawn any clear conclusions

d. Good performers have good disclosure, but no relationship has been found for poor performers

Question 2. A disadvantage of principles-based standards is/are:

Select one:

a. they allow accountants to use professional judgement

b. they supply broad guidelines

c. they allow managers to select policies that may not reflect the substance of a transaction

d. all of the other answers

Question 3. Agency theory predicts that managers on compensation contracts with bonuses tied to a current measure of performance would prefer to:

Select one:

a. smooth income using either expensing or capitalising

b. expense transactions rather than capitalise them

c. be indifferent to expensing or capitalising transactions

d. capitalise transactions rather than expense them

Reference no: EM132567870

Questions Cloud

What would be of the total amount of dividend expense : The following year, ABC Corporation declared a regular dividend of $8 per share. What would be of the total amount of dividend expense
What happens to the voltage across the capacitor : At an instant of time during the oscillations of an LC circuit, the current is at its maximum value at this instant
Describe a liability that could be uncovered : Describe a liability that could be uncovered and the audit procedures that could uncover it minutes of the board of directors' meetings
Direction and magnitude of the current in the loop : The loop is a square that is 5.0cm across, moving up. The magnetic field is coming out of the page.
What a disadvantage of principles-based standards is : According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations?
Standing on the surface of the earth : Joe has a weight of 854 N (about 188 lb) when he is standing on the surface of the Earth.
Find and list the major deficiencies in the audit : Graeme Brown, chartered accountant, has been the partner in charge. List the major deficiencies in the audit, and state why they took place.
What is the carrying amount of the leasehold improvement : The entity has taken a full year depreciation on this improvement. On December 31, 2019, what is the carrying amount of the leasehold improvement
Magnetic field of the earth : If your metal car moves over a wide, closed loop of wire embedded in a road surface, is the magnetic field of the Earth within

Reviews

Write a Review

Accounting Basics Questions & Answers

  Bonds payable

Bonds payable

  How much interest will he pay over the life of the loan

How much interest will he pay over the life of the loan? Find the annual savings and then discount them back to the present at the current interest rate.

  Lets also list some advantages of using a capital projects

1. when should a capital projects fund be used by a governmental entity?2. is it mandatory that a governmental entity

  Prepare Marins August journal entry

Prepare Marin's August 1 journal entry and the December 31 adjusting entry, treating the expenditure as an asset

  Pays 5 percent compounded semiannually

Would you rather have a savings account that pays 5 percent compounded semiannually, or one that pays 5 percent compounded daily? Explain.

  Calculate the times interest earned ratio

The Sales are $1.59 million, cost of goods sold is $645,000, Use the above information to calculate the times interest earned ratio for LaTonya's Flop Shops Inc

  Prepare the statement of partners capital at december

Net income for Levin-Tom partnership for 2012 was $125,000. Prepare the statement of partners' capital at December 31, 2012

  Cash and receivables journal entries

Salen Company finances some of its current operations by assigning accounts receivable to a finance company. On July 1, 2012, it assigned, under guarantee, specific accounts amounting to $150,000.

  Using the information provided estimate the fair value

Prepare the journal entry to adjust the bonds to their fair value for presentation in the December 31, 2011, balance sheet.

  Calculate the direct materials purchase price variance

Omaha Company manufactures special electrical equipment and parts. Calculate the direct materials purchase price variance

  What major factors permitted the embezzlement to take place

Frank James, a highly competent employee of Brinkwater Sales Corporation, What major factors permitted the embezzlement to take place

  What is the balance in the common stock

The ACJ Corporation was organized on January 1, What is the balance in the common stock (also called contributed capital or capital stock) on 01/01/Year 5

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