Business, 29.11.2020 14:40 melikefood01

Identify which basic assumption of accounting is best described in each/some item(s) presented below:a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports. b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation. c) Walgreen Co. reports current and non-current classifications in its balance sheet. d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t

Answers: 3

Answer

Business, 22.06.2019 01:30

Emil motycka is considered an entrepreneur because

Answers: 2

Answer

Business, 22.06.2019 07:30

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Answers: 3

Answer

Business, 22.06.2019 10:00

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

Answers: 1

Answer

You know the right answer?

Identify which basic assumption of accounting is best described in each/some item(s) presented below...

Questions