Question: Why did accountants develop the expression soft number?

Why did accountants develop the expression “soft number”?

Step by Step Solution

★★★★★

3.35 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Numbers that accountants report to outsiders in financial statements are hard in the sense t... View full answer

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

Document Format (1 attachment)

Word file Icon

62-B-A-F-A (197).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Why would a number of accountants express a preference for the net realizable value method of joint cost allocation over the physical quantities method?

Q:

Develop a set of soft skills necessary for a college professors job.

Q:

Why did Chinese accounting develop differently from Eastern European accounting in the 1990s?

Q:

Soft numbers Why did accountants develop the expression "soft number"? (LO 1)

Q:

a. (1) On what financial goal does Stanley seem to be focusing? Is it the correct goal? Why or why not? (2) Could a potential agency problem exist in this firm? Explain. b. Calculate the firm's...

Q:

d. Analyze the firm's financial condition in 2015 as it relates to (1) liquidity, (2) activity, (3) debt, (4) profitability, and (5) market, using the financial statements provided in Tables 2 and 3...

Q:

CHAPTER 1 Overview of Financial Reporting Financial Statement Analysis , and Valuati Pepsico combines raw materials into a concentrate or syrup base . The ingredients and their mixes are highly...

Q:

Problem 4 [20 points] Finite Thermal Sources and the Quality of Energy Much of the discussion around Carnot engines considers engines operating between infinite thermal reseryoirs. But what if the...

Q:

Derrick's Dog Sitting and Darlene's Dog Sitting are competing for new business. The companies ran the ads shown: Derrick: $12 + $5 Darlene $18+ $3, Write and solve and equation to find the number of...

Q:

1.1. A spin-off company from UNISA enterprises that produces an environmentally friendly lixiviant for leaching refractory gold ores has determined that the price and the monthly demand of its...

Q:

Frank N. Magid Associates conducted a telephone survey of 1,109 consumers to obtain the number of cell phones in houses. The survey obtained the following results: a. Determine the sample proportion...

Q:

What is the aroma of mixture of oil and vinegar? Give the aroma or smell only no need to write long explanation

Q:

On January 3, 2024, The Brooklyn Corporation issued $5,000,000, 5 year bonds with a 6% coupon rate. The bonds pay interest on June 30 and December 31 each year. The issuance price was $4,853,800. Was...

Q:

Carmen Douglas claims that her companys performance evaluation system is unfair. Her company uses return on investment (ROI) to evaluate performance. Ms. Douglas says that even though her ROI is...

Q:

Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: For preparing the adjusting entries, the following...

Q:

We're in the business of satisfying thirst. We do it very well. We're also thirsty ourselves. Thirsty for continued profitable growth. Every gain delivers more for our shareholders. We're thirsty for...

Q:

Markets have two sides. One side of a market is the supply side. 1. State the law of supply. 2. Draw the supply curve. Label each axis. 3. Explain why the supply curve is usually upward-sloping. 4....

Q:

Simply Shine Shampoo is manufactured in two departments: Mixing and Packing. Once the shampoo mixture is completed in the Mixing Department, it is sent to Packaging, where a machine fills and seals...

Q:

Th e speed of sound in air at sea level is 340 m/s. Express this speed in miles per hour.

Q:

Salespeople at a particular firm forecast what they expect to sell next period. Their supervisors then review the forecasts and make revisions. These forecasts are used to set production and...

Q:

Golf Specialties (GS), a Belgian company, manufactures a variety of golf paraphernalia, such as head covers for woods, embroidered golf towels, and umbrellas. GS sells all its products exclusively in...

Q:

Parkview Hospital, a regional hospital, serves a population of 400,000 people. The next closest hospital is 50 miles away. Parkviews accounting system is adequate for patient billing. The system...

Q:

Round Table Rental Yards provides construction equipment, trailers, crutches, etc., on short term rentals. Historically, Art, the owner, has purchased the items that he rents out, but his business...

Q:

A flywheel connected to a punching machine has to supply energy of 400 Nm while running at a mean angular speed of 20 rad/s. If the total fluctuation of speed is not to exceed 2%, the mass moment of...

Q:

Which of the following is measured with a categorical nominal scale? Mutual funds' investment style. Mutual funds' asset allocation weights. Mutual funds' age class. None of the above.