a. What is meant by the term assumption? b. What are three important assumptions of accounting, and
Question:
a. What is meant by the term assumption?
b. What are three important assumptions of accounting, and what does each mean?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
a The term assumption means something that is taken for granted b The three important as...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is meant by the term operating cycle?
-
What is meant by the term antidilution? Give an example.
-
What is meant by the term income smoothing?
-
It is an extremely hot and sunny day on Far Rockaway beach. However, there is only one shop selling non-dairy ice cream; the shop is a monopolist retailer of ice cream. There are two types of people...
-
What are some other benefits that can be obtained from networking?
-
Will the force transmitted to the base of a spring-mounted machine decrease with the addition of damping?
-
Under what circumstances does a nonparty have an absolute right to intervene?
-
A large St. Louis feed mill, Robert Orwig Processing, prepares its 6- month aggregate plan by forecasting demand for 50- pound bags of cattle feed as follows: January, 1,000 bags; February, 1,200;...
-
22. An investor has $50 000 to invest. The asset allocation will be as follows Security Investment Beta Stock A $20,000 1.7 Stock B 150000 0.5 T-bill 150000 0 What is the beta of the portfolio which...
-
Given a Q-point of IDQ = 3 mA and VGS = -3 V, determine IDSS if VP = -6 V.
-
Match the letter next to each form of business with the appropriate items in the following list of advantages and disadvantages. You may use a letter more than once. Use the form provided in your...
-
Three basic accounting assumptions follow: Business entity is the assumption that for accounting purposes, a business exists separately from the personal holdings of its owner. The owners personal...
-
(a) Graph the line, (b) Use the utility to determine the two intercepts, (c) Use the utility to find the y-coordinate of the point on the line with x-coordinate 2. 1. y = -3x + 6 2. y = .25x - 2
-
After 6 months, the Central Bank cuts interest rates to 3% and the analysts update their forecasts as follows. Economic Outlook Probability Stock 1 return Stock 2 return Market Positive 35% 14% 38%...
-
Cobb, an unmarried individual, had an adjusted gross income of $200,000 in 2023 before any IRA deduction, taxable Social Security benefits, or passive activity losses. Cobb incurred a loss of $30,000...
-
A heated copper bar placed in an air flow perpendicular to its axis. The characteristics of the bar are the following: Copper: p=8940 kg/m, Cp = 380 J/kg.K, = 385 W/m.K Bar: d=12mm, L= 80mm, T = 20C...
-
Solve for y. Assume that all other variables are nonzero. 81 (y+w) -3=5R y = (Simplify your answer. If there is more than 1 answer, use a comma to separate answers.
-
Designate whether the supplies and equipment are indicated or not indicated for performing the skill of hand hygiene.
-
Listed below are six pairs of stocks. Pick one of these pairs and then, using the resources available at your campus or public library (or on the Internet), comparatively analyze the two stocks....
-
(a) Given a mean free path = 0.4 nm and a mean speed vav = 1.17 105 m/s for the current flow in copper at a temperature of 300 K, calculate the classical value for the resistivity of copper. (b)...
-
Describe a recent purchase you made. Indicate why that particular product was available at a store and, in particular, at the store where you bought it.
-
Define the functions of marketing in your own words. Using an example, explain how they can be shifted and shared.
-
Online computer shopping at websites makes it possible for individual consumers to get direct information from hundreds of companies they would not otherwise know about. Co n sumers can place an...
-
On a particular day, there were 300 stocks that advanced on the NYSE and 800 that declined. The volume in advancing issues was 1000 and the volume in declining issues was 3000. What is the trin ratio?
-
A coupon bond that pays interest of $30 annually has a par value of $1000, matures in 6 years, and is selling today at $850. What is the yield to maturity on this bond?
-
A callable bond pays annual interest of $40, has a par value of $1000, matures in 4 years but is callable in 3 years at a price of $1100, and has a value today of $1020. What is the yield to call on...
Study smarter with the SolutionInn App