Business, 17.09.2019 03:00 hanz73

The third level of the conceptual framework includes the: (a) elements of financial statements.(b) objective of financial reporting.(c) qualitative characteristics of accounting information.(d) recognition, measurement, and disclosure concepts

Answers: 2

Show answers

Answers

Answer from: bonnysvalentine

The correct answer is (d) recognition, measurement, and disclosure concepts.

Explanation:

The recognition principles represent the process of incorporation of economic events made in accounting, that is, changes in resources that come from transactions or other events that increase or decrease the entity's assets. This process is based on the recognition principles for assets, liabilities, income and expenses.

The principles of measurement can be summed up in two concepts: the principle of historical cost and that of fair value - market exit price. International standards for the presentation of IFRS-IFRS financial reports require that accounting be prepared on the basis of the historical cost principle and that some items be adjusted at fair value, provided that it can be demonstrated that a market measure is more useful for Users of financial statements. Thus, each standard contains the initial and subsequent measurement criteria that is most useful for users, requiring, in many cases, that the cost, as an expression of the market price or value on the date of acquisition, be adjusted in periods after the fair value.

The principles of disclosure are complied with through the financial statements, the notes and other complementary information provided by the entity. If better disclosures are made, the users of the financial statements will be able to make more accurate decisions when allocating resources to the entity and when evaluating their performance.

Answer from: Quest

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

i really hope this answer you out! it makes my day people like you and giving back to the community that has me through school! if you could do me a favor, if this you and this is the very best answer and you understand that all of my answers are legit and top notch. mark as brainliest! and have a awesome day!

Answer from: Quest

explanation:

jejdndnsbd

Another question on Business

Business, 22.06.2019 19:50

Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32

Answers: 1

Answer

Business, 22.06.2019 20:00

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:

Answers: 2

Answer

Business, 22.06.2019 21:00

Sue peters is the controller at vroom, a car dealership. dale miller recently has been hired as the bookkeeper. dale wanted to attend a class in excel spreadsheets, so sue temporarily took over dale's duties, including overseeing a fund used for gas purchases before test drives. sue found a shortage in the fund and confronted dale when he returned to work. dale admitted that he occasionally uses the fund to pay for his own gas. sue estimated the shortage at $450. what should sue do?

Answers: 3

Answer

Business, 23.06.2019 00:00

In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?

Answers: 2

Answer

You know the right answer?

The third level of the conceptual framework includes the: (a) elements of financial statements.(b) o...

Questions