Business, 18.08.2021 23:40 harris435942
Instructions
Identify by number the accounting assumption, principle, or constraint that describes each situation
below. Do not use a number more than once,
a. Allocates expenses to revenues in the proper period.
b. Indicates that fair value changes subsequent to purchase are not recorded in the accounts. (Do not
use revenue recognition principle.)
c. Ensures that all relevant financial information is reported.
d. Rationale why plant assets are not reported at liquidation value. (Do not use historical cost principle.)
e. Indicates that personal and business record keeping should be separately maintained.
f. Separates financial information into time periods for reporting purposes.
Assumes that the dollar is the "measuring stick" used to report on financial performance.
Answers: 1
Business, 22.06.2019 13:30
The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.
Answers: 2
Business, 22.06.2019 14:30
Whatβs the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695
Answers: 2
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
Instructions
Identify by number the accounting assumption, principle, or constraint that describes...
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