FREE Trial

Do public and private companies follow the same set of accounting rules? Explain.

Question:

Do public and private companies follow the same set of accounting rules? Explain.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 80% (10 reviews)

There are about 15 000 public and more than 29 million private co…View the full answer


answer-question
Answered By
tutor-profile-image
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects. I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle. I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+ 392+ Reviews 587+ Question Solved
Related Book For  answer-question
Forensic Accounting

Forensic Accounting

ISBN: 978-0133050479

1st Edition

Authors: Robert Rufus, Laura Miller, William Hahn

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: March 04, 2015 08:43:52
See More Questions

Students also viewed these Accounting questions

Q:
Who sets accounting standards for public and private companies in Canada?
A:
Canadian accounting standards are set by the Accounting Stan......
Q:
Majic Corporation sells phone cases to public and private companies the employee 200 full-time employees who work in sales, customer service and office support roles . They have had an annual...
A:
Gross pay 2 000 Taxable income 1 890 CPP contribution 38 EI premium 19 Federal and provincial taxes......
Q:
How do public and private financial markets differ?
A:
Public financial markets are the markets where standardized contracts or securiti......
Q:
An air-filled X-band rectangular waveguide has dimensions a = 2.286 cm and b = 1.016 cm. If the waveguide has copper walls ( = o , = o , = 5.8 x 10 7 S/m), find the attenuation in dB/m due to the...
A:
The cutoff frequency of......
Q:
A diagonal spread is created by buying a call with strike price K2 and exercise date T2 and selling a call with strike price K1 and exercise date T1(T2 > T1). Draw a diagram showing the value of the...
A:
There are two alternative profit patterns for part a These......
Q:
Calculate the heat of vaporization of water (kJ/mol) at 50C and low pressures from the tabulated heat of vaporization in Table B.1 and data in Table B.2 and Table B.8. Show clearly the process path...
A:
T 100 00C H O 1 50C H 0 1 100C A 40 656 kJ mol AH 50C AH 10......
Q:
For each of the following lists of premises, derive the indicated conclusion and complete the justification. For double negation, avoid the occurrence of triple tildes.
A:
Click to View...
Q:
The Polishing Department of Estaban Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production:...
A:
a Physical Units Work in process September 1 Units started into production Units trans......
Q:
Research a topic that has two opposing positions (for and against) and use the rational approach to develop an argument in support of one of those positions. Gun debate: gun rights or gun control...
A:
Main Argument Gun control is essential to reducing gun violence and protecting public safety Support......
Q:
Darwin Company manufactures only one product that it sells for $200 per unit. The company uses plantwide overhead cost allocation based on the number of units produced. It provided the following...
A:
1 a The estimated total manufacturing overhead cost is computed as follows Y 1 000 000 12 00 per unit 50 000 units Estimated fixed manufacturing overhead 1 000 000 Estimated variable manufacturing ove......
Q:
Identify and discuss seven fundamental accounting principles that are important to the presentation and analysis of financial statements.
A:
Seven fundamental accounting principles are a Cost principle The cost principle highlights the propo......
Q:
Define conservative, neutral, aggressive, and fraudulent accounting choices made by managers of firms.
A:
Accounting choices made by managers can be classified......
Q:
The following limits are the derivatives of composite function g at a point a. a. Find a possible function g and number a. b. Use the Chain Rule to find each limit. Verify your answer using a (x 3)5...
A:
a h x x 2 3 5 a 2......
Q:
Document for Analysis: Poor Response to Customer Inquiry About Social Media Create a draft of your paragraph Does the paragraph have a topic sentence? Does the paragraph have one controlling...
A:
Paragraph Draft Dear Ms Nunez Thank you for your interest in All Matters Media and the exciting realm of social media Understanding the nuances and st......
Q:
A strip footing is founded on sand having strength parameters (0 =44 and c = 0 kPa). Dry and saturated unit weights of the soil are 18 and 20.1 kN/m respectively. The foundation is designed to to...
A:
The answer provided below has been developed in a clear step by step manner Step 1 since 44 fo......
Q:
How do you think the merging internet of Things will change the way current and future presidents seek to influence the American public? 2) What guidelines would you offer to media consumers to help...
A:
The merging Internet of Things IoT is likely to have a profound impact on how current and future presidents seek to influence the American public Here s an analysis 1 Influence through Data driven Tar......
Q:
As a pharmacist, you have received the following response from a physician after making an intervention for a patient. How will you respond to this letter from the physician. Dear Pharmacist, I have...
A:
Dear Physician s Name Thank you for your prompt response and consideration of my intervention......
Q:
Company ABC has two employees. Last week the closing of the weekly payroll period. First employee earns $7.25 per hour, worked 38 hours (including two during the lunch period), 10% withheld of...
A:
To calculate the net salary of each employee and the employer contributions we ll go step by step fo......
Q:
On April 1, 2022, Sarkar Sailboats sold 15,000 of its 11%, 15-year, R$1,000 face value bonds to yield 12%. Interest payment dates are April 1 and October 1. On April 2, 2023, Sarkar took advantage of...
A:
a April 1 2022 issuance of the bonds Debit Cash 15 000 x R 1 000 R 15 000 000 Cred......
Q:
Is that Yelp review real or fake? The article A Framework for Fake Review Detection in Online Consumer Electronics Retailers (Information Processing and Management 2019: 12341244) tested five...
A:
Click to View...
Q:
What role do graphics play in an investigation?
A:
Graphics can be used as an investigative tool By visually putting to......
Q:
Why is sales skimming called an off- book fraud?
A:
Skimming is the theft of cash from a victim......
Q:
What steps should an organization take to prevent fraudulent shipments of merchandise?
A:
To prevent fraudulent shipments of merchandise organizations should make sure that every......
The Bit And The Pendulum From Quantum Computing To M Theory--The New Physics Of Information 1st Edition - ISBN: 0471399744 - Free Book