Business, 16.10.2019 02:10 aleilyg2005
Steve is in charge of accounting for the purchase of equipment at cal works, inc. the company has a policy that all expenditures greater than $1,000 (1% of total expenditures) have to be capitalized; less than $1,000 expensed. steve is under pressure to report high earnings. he takes one $600 and $900 expenditure, adds them together, and records a capital expenditure for $1,500. which of the following reasons and rationalizations might steve use for his action: group of answer choices
a. one-time request
b. standard practice
c. representational faithfulness
d. materiality
Answers: 2
Business, 22.06.2019 11:10
An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
Answers: 2
Business, 23.06.2019 19:50
In 1942, 120,000 japanese americans were sent by federal order to internment camps. afterward, all asian americans (regardless of their country of origin and/or u.s. citizenship status) went from being a relatively unnoticed group to being singled out for discrimination. this is known as
Answers: 3
Steve is in charge of accounting for the purchase of equipment at cal works, inc. the company has a...
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