C11 Study 3 Quiz fall 2023_ stafani_Answers

Answer without explanation , quickly as possible as

Business 123 Introduction to Investments May I please have the solution of the following objective: Investigate Regulation FD (Fair Disclosure) and how financial statements and other important data about companies are disseminated? Thank you!

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Customers who want to know if a company will stay in business in the long term to honour warranties are considered ________ of accounting information. Select answer from the options below external users    primary users      indirect users internal users

Please answer with reason for all the options why correct and why remaining incorrect

Knowledge Check 01 Which of the following statements about the equity method are true? Note: Select all that apply. Check All That Apply International accounting standards require the equity method for use with significant influence investees. U.S. GAAP require the equity method for use with significant influence investees. U.S. GAAP requires that the accounting policies of investees be adjusted to correspond to those of the investor when applying the equity method. Both IFRS and U.S. GAAP provide the fair value option for all investments that qualify for the equity method.

Comprehension questions 11 and 12 page 58 11. How does accounting information reduce agency problems in relationships between management and debt holders?

a INOUS OF ADCOUNTING O F E/20OISTAOSEMESTERPRINCIPLES orADACCOLNTINGPRINCIPLESSJOOr2DACCOUNTINGNO3sASS20200 pd V Draw Y Highight Q Frase A Read aloud as a LECTURE Z - ACCountIng Coicepts Question • Define the following accounting concepts and explain for each their implications for the preparation of financial statements a) The Entity concept b) Going concern c) Materiality d) Realization e) Fair presentation (true and fair view)

SUMMATIVE TEST IN FUNDAMENTALS OF ABM1 Encircle the best answer that corresponds to each item 21. To become a CPA one must pass the CPA Licensure Exam by the government through the___?   a. Professional Regulatory Commission c. Board of Accountancy b. Philippine Institute of Certified Public Accountant d. Commission on Audit    22. The present law governing practice of accounting in the philippines which is also known as the Accountancy Act of 2004?   a. Republic Act 8424 b. Republic Act 9298 c. Republic Act 9892 d. Republic Act 3104   23. It mainly focuses on the proper custody of government funds and their purposes?   a. Cost of Accounting c. Management Accounting   b. Government Accounting d. Financial Accounting   24.Accounting is the process of identifying, measuring, & communicating economic information to permit informed judgments & decision by users of the information.   a. American Accounting Association c. Financial Reporting Standards Council   b.American Institute…

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Q8

It is one of the most important business obligations of any organization:        Question 42 options:   a)  Payroll            b)  Bank loan            c)  Insurance            d)  Accounts Payable

O d. compliance with applicable laws and regulations Clear my choice What is an engagement to attest on internal control over financial reporting? (C Paragraph BIEE Path: p

question 41 choose the correct answer from the choices

D6

What type of organization primarily offers tax compliance auditing and consulting service A. Corporation B. Public accounting firms  C. Government entities D. Universities

B16.

Question 12         What is the objective of financial reporting? Answers: Provide information that clearly portrays nonfinancial transactions.    Provide information that excludes claims to the resources.   Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.   Provide information that is useful to management in making decisions.

Question 19 What is the major objective of financial reporting? A. Provide information that excludes claims to the resources. B. Provide information that is useful to management in making decisions. C. Provide information that is useful to present and potential equity investors, lenders, and other creditors in making decisions.. D. Provide information that clearly portray nonfinancial transactions.

QUESTION 16 Which of the following are users of University of West London's financial statement? a. Shareholder, suppliers, and employees b.Students, suppliers, and employees C. Shareholders, Government, and students d.Suppliers, employees, and Investors

Research in detail regarding the following topics   1. Adoption Tax Credit   2. Non Business Casualty and Theft Losses