Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.
<h3>What is financial statement?</h3>
Financial statement help to summarize the financial position of a business and it as well help to show the day to day transaction of a company or day to day activities of a business at a particular period of time.
Financial statement of a company can be prepared more that once in a year and financial statement may tend to have fiscal year end that is other than last month of the year which is 31st December.
Therefore Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.
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The complete question is:
Financial statements ______. (Select all that apply.)
a. must have a calendar year end of December 31
b. may be prepared more than once a year
c. may have a fiscal year end other than December 31
d. are prepared just once a year
Answer:
- what will be the new price in the United States
c $33750
Explanation:
Initial Price:
$3,000,000 PRICE
100 USD Exchange
$30,000 PRICE USD
Updated Price:
$3,000,000 PRICE
80 USD Exchange
$37,500 PRICE USD
As the pass through indicates that the exchange rate impact only a 50%, then the final price of the car it's defined as:
$7,500 Exchange Impact
0.50 Pass through
$3,750 Final Exchange Impact
Initial Price : $30,000
Final Exchange Impact: $3,750
Final Price: $30,000 + $3,750 = $33,750
Answer:
The correct answer here is option b.
Explanation:
When here is an increase in capital, the firm would like to produce more. So, the demand for labor would increase. Though the supply of labor would remain the same as it is not affected by the change in capital.
With the shift in the demand curve, the quantity of labor hired would increase as well. With no change in labor supply, the wage rate will increase as well.
The correct answer is true.
It is completely true that most codes of ethics created by professional organizations have two main parts. One part outlines what the professional organization aspires to become, and the other part lists rules and principles by which members of the organization are expected to abide.
The code of ethics is an obligated set of ethic statements that serves one purpose in the Organization: that every member of the company follows the code directions and applies moral values in every decision-making process to have an honest company that maintains its reputation in the business and that public opinion can never question its procedures and decisions.
inventory cost flow assumption influence by tax implications of choice ,financial statement effect, actual physical flow of inventory.
<h3>What Is Cost Flow?</h3>
The way or channel that costs move through a company is referred to as the flow of costs. The flow of costs typically pertains to manufacturing businesses where accountants are required to quantify expenses associated with raw materials, work in progress, finished goods inventory, and cost of goods sold.
Four commonly acknowledged methods—specific cost, average cost, first-in, first-out (FIFO), and last-in, first-out—are available for allocating expenses to ending inventory and cost of goods sold (LIFO).
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