Question: Legal system has influence in developing the accounting practice. Which of the following is not characterizing the code taw Select one: Oa. Accounting focuses

following is not characterizing the code taw Select one: Oa. Accounting focuses

on legal form O b. Accounting tends to be prescriptive and procedural.

Legal system has influence in developing the accounting practice. Which of the following is not characterizing the code taw Select one: Oa. Accounting focuses on legal form O b. Accounting tends to be prescriptive and procedural. Oc. Accounting focuses on economic substance d. Accounting standards and procedures are incorporated into national laws

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Institute for Statistics Education at Statistics.com asks students to rate a variety of aspects of a course as soon as the student completes it. The Institute is contemplating instituting a...

Hana company completed Job No. Z40 during 2021. The job cost sheet listed the following: Direct materials Direct labor SR110,000 $60,000 Manufacturing overhead applied $40,000 3,000 units 1,800 units...

Please find the assignment on page 30 of the attached file(unit outline), which is: Task 2 - Research Focused Project - 25% I need $4000 words for this research paper. Please Use Academic journal...

Rieg, Robert, Zarzycka, Ewelina, & Dobroszek, Justyna. (2021). Determinants of separating management accounting from financial accounting in SMEs and Family Firms - evidence from Poland and Germany....

File attached...all questions Chapter 1Multiple Choice Questions ___________________________________________________ 1) Examining the interests of stakeholders is probably required for: a. High...

Who qualifies as an expert witness? 100 - 150 Words 13 DOCUMENTING AND PRESENTING THE CASE INTRODUCTION This chapter will explain how to pull everything together into a coherent report, and then,...

A report examine theprovisions and contingencies in two different company, one is Rheinmetall AG aapliesGerman local GAAP, another is GentrackGROUP LIMITED appliesInternational Financial Reporting...

Question 1 Alexandria is a claims supervisor who demands that her claims representatives are up to date on the latest insurance laws. She knows that laws are important because laws can be said to...

Please help me to answer the question: why is IFRS an appropriate direction for accounting practice to ensure consistency and comparability of accounting practice across the world? Use the attach...

Hi, I'm having an issue with this Simnet project and I was wondering if anyone could help me. There is only one issue: Step 3a, in the instruction pdf that I have attached. When my project is graded...

Abstract Accounting frameworks follow stipulations of existing Accounting Theories. This exploratory research sets out to trace the evolution of accounting theories of Charge and Discharge Syndrome...

What is a view? Discuss the difference between a view and a base relation.

Zander Consulting, a real estate consulting firm, specializes in advising companies on potential new plant sites. The firm uses a job cost system with a predetermined indirect cost allocation rate...

A ( n ) _ _ _ _ _ _ interview informs an employee of his or her dismissal, while a ( n ) _ _ _ _ _ interview gathers information about why the employee is leaving. Question 1 9 options: termination;...

What are the shortest-wavelength X-rays emitted by electrons striking the face of a 33.5-kV TV picture tube? What are the longest wavelengths?

A beam of electrons with kinetic energy 45keV is shot through two narrow slits in a barrier. The slits are a distance 2.0 X 106m apart. If a screen is placed 35.0cm behind the barrier, calculate the...

A cable passes around three 2-in.-radius pulleys and supports two blocks as shown. Pulleys C and E are locked to prevent rotation and the coefficients of friction between the cable and the pulleys...

A welder using a tank of volume 0.0750 m' fills it with oxygen (molar mass 32.0 g/mol) at a gauge pressure of 3.00 X 105 Pa and temperature of 37.0C. The tank has a small leak, and in time some of...

A shell-and-tube exchanger (two shells, four tube passes) is used to heat 10,000 kg/h of pressurized water from 35 to 120C with 5000 kg/h pressurized water entering the exchanger at 300C. If the...

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Accounting Principles and Assumptions The following basic accounting principles and assumptions were discussed in the chapter: Going concern Economic entity Monetary unit Cost principle Time period...

Organizations and Accounting Match each of the organizations listed below with the statement that most adequately describes the role of the group. Securities and Exchange Commission International...

Effect of Forms of Organization an Accounting for the Entity Entities can be organized as sole proprietorships, partnerships, or corporations. The following is a list of entities: 1. A snow cone...