What term describes any accounting period of 12 months?
Question:
What term describes any accounting period of 12 months?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
If a set of financial statements cover the results of an entire year then the accounting period is o...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Explain why an accounting period of 12 months is used as the basis for reporting to external users of financial statements?
-
What term describes a payment in cash or the commitment to pay cash in the future for the purpose of generating revenues?
-
What term describes how Conrad is running the Marketing Department? Define it in your words. Does this seem like a good idea or a bad idea and why (you might to look beyond Chapter 12 for this...
-
How does national culture relate to business structures?
-
The Southern Rail Company ships coal by rail from three coal mines to meet the demand requirements of four coal depots. The following table shows the distances from the mines to the various depots...
-
Would education expenses incurred by a self employed individual be allowed in 2023 for the following expenses? Cost of a CPA review course Accounting continuing education expenses (including travel,...
-
Each year, 33 race cars start the Indianapolis 500. How many ways can the cars finish first, second, and third?
-
You have been hired as a benefit consultant by Jean Honore, the owner of Attic Angels. She wants to establish a retirement plan for herself and her three employees. Jean has provided the following...
-
For the following stress condition, calculate: a. Using the free body technique, the normal and shear stress in a plane inclined at 53 to the horizontal. b. Using the general stress equations at a...
-
The mean preparation fee H&R Block charged retail customers last year was $183 (The Wall Street Journal, March 7, 2012). Use this price as the population mean and assume the population standard...
-
Jacqueline earns 18% commission on sales. Her sales for three months were: $2,870, $3,150, and $3,940. What was her total commission for the three months? a. $9,960.00 b. $1,792.08 c. $1,792.80 d....
-
Recording account information in chronological order is called a. Posting. b. Journalizing. c. Analyzing. d. Processing.
-
For the following exercises, graph one full period of each function, starting at x = 0. For each function, state the amplitude, period, and midline. State the maximum and minimum y-values and their...
-
What measures can be implemented to combat the proliferation of illicit trade networks and transnational criminal organizations in an era of globalization ?
-
How can the international community effectively address the complex nexus of migration, displacement, and refugee crises while upholding principles of humanitarianism and human rights ?
-
How do international treaties and agreements adapt to address transboundary environmental challenges in the face of climate change and resource depletion ? Explain
-
5. Two vectors, A and B are added together to form the vector C = A + B. The magnitude of these vectors are related as the following: Cx = 0, Cy A Sin 600+ B Sin 30 = Ax and By point in the positive...
-
What are the implications for global labor markets and income inequality, and how can international policy frameworks be designed to address these emerging challenges while promoting innovation and...
-
Let S be a subspace of an inner product space V. Let {x1,..., xn} be an orthogonal basis for 5 and let x V. Show that the best least squares approximation to x by elements of S is given by x, X)...
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
Zoysia University must purchase mowers for its landscape department. The university can buy five EVF mowers that cost $8,700 each and have annual, year-end maintenance costs of $2,025 per mower. The...
-
Hailey, Inc., is considering the purchase of a $655,000 computer with an economic life of five years. The computer will be fully depreciated over five years using the straight line method. The market...
-
A firm is considering an investment in a new machine with a price of $9.66 million to replace its existing machine. The current machine has a book value of $2.52 million, and a market value of $4.37...
-
Which line of the following author reading segment would causes issues? 1: bookArr[i].authors = calloc(bookArr[i].numAuthors, sizeof(author_t)); 2: for (j=0; j < bookArr[i].numAuthors; j++) { 3: 4:...
-
3. (20 points) Consider three periodic tasks A, B and C with their respective periods as 4ms, 6ms and 8ms. The execution time required for each task is 1 ms. (a) Draw a figure/table to execute these...
-
Write a method (pseudocode) to reverse the queue using another empty queue. You may only use queue operations such as enqueue(), dequeue(), and size(). No other data structure can be used other than...
Study smarter with the SolutionInn App