Explain what is meant by each of the following: (a) Comparability; (b) Understandability; and (c) Materiality?
Question:
(a) Comparability;
(b) Understandability; and
(c) Materiality?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
According to IASB Conceptual Framework in order to become information useful information for users t...View the full answer
Answered By
SATYAM AGRAHARI
I have qualified IIT-JEE (2020) ,completed my class 12 with 94% .I am persuing B-tech and have a deep intrest in teaching. I have teaching experience of one year and have taken private home tution for many board students and students who prepare for JEE.I can understand student need properlyand can teach him at his level upto advanced level.I relate the problems of physics with daily life and solve the problems in avery simple manner.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Briefly explain what is meant by each of the following ethical standards for managerial accountants: a. Competence, b. Confidentiality, c. Integrity, d. Credibility
-
How has the dual system of financial statements impacted the financial reporting of state and local governments?
-
Explain what is meant by each of the following: (a) Relevance; (b) Faithful representation;
-
Cherokee Company had an accounts receivable balance of $16,000 on December 31, 2013. Projected sales for the first three months of 2014 are: January $120,000 February 130,000 March 100,000 All sales...
-
A permanent magnet has the shape of a sufficiently thin disc magnetized along its axis. The radius of the disc is R = 1.0 cm. Evaluate the magnitude of a molecular current I' flowing along the rim of...
-
Congratulations! You have been chosen to participate in the future crime scene investigator program. You participated in a ride-along with a team of crime scene investigators and want to share what...
-
Determine the horizontal displacement of joint \(C . A E\) is constant. L P L A -L. B
-
1. Dave is not absolutely sure that the "side" constraint of at least as much gas A as gas B is necessary. What is this constraint costing the company? That is, how much more revenue could Jansen...
-
3. [20] Assume a particular 4Gb DDR4-3600 chip organized as 512M x 8 uses 15-15-15 timing. a. [10] Assuming the device is in the pre-charged state, how long (in nanoseconds) will it take to complete...
-
Costello Labs supplies 500- cc bottles of treated Elixir plasma solution to Mercy Hospital. Several factors are important in assessing plasma quality, such as purity, absence of AIDS or hepatitis...
-
Explain what is meant by each of the following: (a) Freedom from error (b) Neutrality; (c) Completeness;
-
Explain the accounting principles of each of the following: (a) Going concern; (b) Accruals; (c) Consistency; (d) The concept of prudence?
-
On April 1, 20X5, Marsh Ltd. purchased 25% of the outstanding common shares of King Corp. for $ 6,000,000. The carrying value of Kings net assets was $ 16,000,000, an amount that also approximated...
-
A cross-section of a beam is shown in Figure Q2. If the shear force in this section is V determine the value and the location of the maximum shear stress in the section. In Figure Q2, a = 68 mm and...
-
Ethane (C2H6) enters a reactor shown in the figure at a temperature of 25C and a pressure of 100 kPa; It burns completely with 100% of theoretical air at the same temperature and pressure. Combustion...
-
Given a hollow ball made of an isotropic elastic material, the inner and outer surfaces of which are concentric spheres of radius a and b, respectively. Pressure pa acts in the cavity of the sphere,...
-
A small hydro turbine is placed between tank 1 and tank 2. The water is flowing at a mass flow rate of 2.2 kg/s from tank 1 to tank 2. There are three pipe sections between the two tanks as follow:...
-
10. At a certain point at the beach, the coast line makes a right angle bend, as shown in part (a) of the below figure. The flow of salt water in this bend can be approximated by the potential flow...
-
On April 1, 2020, Estefan Company received a condemnation award of $430,000 cash as compensation for the forced sale of the companys land and building, which stood in the path of a new state highway....
-
Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?
-
The following information has been gathered from the accounting records of Pets Parlour: Assets and liabilities at 31 December Year 4 ....................................................................
-
Explain why an accounting period of 12 months is used as the basis for reporting to external users of financial statements?
-
Explain how the structure of the statement of financial position (balance sheet) corresponds to the accounting equation?
-
We have initially touched on some critical elements of an IT security program through our readings, class discussions, and class lectures. For this discussion provide a substantive post depicting...
-
On January 2, Year 4, Brady Ltd., a private company, purchased 80% of the outstanding shares of Partridge Ltd. for $5,420,000. Partridge's statement of financial position and the fair values of its...
-
Read string fav_color from input, and output the following, all separated by spaces: 'My favorite color' The value of fav_color 'contains' The length of fav_color 'characters ?
Study smarter with the SolutionInn App