Business

22 March, 01:16

Generally accepted accounting principles are: Select one:

A. Guides to action that apply primarily to the process of managerial accounting

B. Accounting standards enforced by the Internal Revenue Service

C. Accounting standards that never change

D. Guides to action that apply primarily to the process of financial accounting

E. None of the above

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Generally accepted accounting principles are: Select one: A. Guides to action that apply primarily to the process of managerial accounting ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Which of the following is true if the volume of sales increases (within a relevant range) ? A. total fixed cost increases B. total variable cost decreases C. total variable cost increases D. total fixed cost decreases

When workers are not motivated to achieve organizational goals, the fault is often with the workers themselves. true false?

A multinational enterprise, such as starbucks, is a firm that engages in foreign direct investment by directly investing in, controlling, and managing value-added activities in other countries. a. True b. False

Credit Losses Based on Credit Sales Lewis Company uses the allowance method for recording its expected credit losses. It estimates credit losses at 5% of credit sales which were $900,000 during the year.

Economies of scope differ from economies of scale in that A. C) scope refers to the reach of defined savings within the value chain, while scale refers to the magnitude or size of the operation itself. B.

New Questions in Business

One of Simplex Company's products has a contribution margin of $44,000 and fixed costs totaling $54,000. If the product is dropped, $37,000 of the fixed costs will continue unchanged.

When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm's research yields technological knowledge that can then be used by society as a whole. c.

Shot-term financial goals include saving for

The current sections of Sandhill Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Sandhill Co's net income for 2022 was $137,700. Depreciation expense was $24,300.

Vincent Corporation has 92,000 share of $105 par common stock outstanding. On June 30, Vincent Corporation declared a 3% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $118 a share on June 30.