Q Briefly discuss the following issues & aucounting theory 1_ The accoilnta nt canmt complete the accounting mea suremeyt. withad the need for certain ingredients. 2-which theories explain property rights in .companies according to their ownership? 3. How to check the accountant from service Ymcompanies can_nomatter how natire of their activity can use one basis to recagnize Bayad believe that asrets are valued at historical cost anly 5- Mhany
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- FAR- Conceptual Framework Kindly help me answer the following: 11. Which is an implication of the going concern assumption? * a. Depreciation and amortization policies are justifiable and appropriate. b. The current and noncurrent classification of assets and liabilities is justifiable and significant. c. All of these are an implication of going concern. d. The historical cost principle is credible. 12. The concept of accounting entity is applicable * a. Only to business organisations b. Only to the economic aspects of business organizations c. Only to the legal aspects of business organizations d. Whenever accounting is involved 13. The overall objective of financial reporting is to provide information * a. That allows owners to assess management performance. b. About assets, liabilities and equity of an entity. c. That is useful for decision making d. About financial…Find out the missing value assets in an accounting equation if liabilities is OMR 320000 and capital is OMR 119000 Select one : O a . OMR 439000 assets O b . OMR 201000 assets O c . OMR 349000 assets O d . OMR 102000 assets Clear my choiceselect the item that best completes each of the decriptions below A(n)____ is a record of increases and decreases in a spefic asset, liability, equity, revenues, or expenses items. A(n)____ is a resource owned or controlled by a company A common stock and dividendes are examples of___ accounts A(n)____ is a obilgations to transfer assets to others ___ are people and organziations that are entitlied to recieve payments from a company
- a. Discuss using practical example to explain how the concept of dualism increases the liability of a business with respect to capital raised b. Discuss the double entry principle and how it contributes to preparation of balance shhet. c. Discuss, mentioning two current assets and how they will contribute to the growth of a business.Q3) Which of the following legal forms of business is owned and usually operated by a person who is responsible for its debts? Select one: a. Corporation b. Cartel c. Sole proprietorship d. General partnership e. Limited partnership This multiple choice question from BUSINESS MATHEMATICS course.just write for me the final answer.Transaction: Company received land in exchange for ownership in company. In the table below, show the effect of the transaction above to each of the categories below (Assets, Liabilities, Equity) and the specific account within the category. (Note: every dropdown box requires an answer. Assets Assets will account. Liabilities Liabilities will account. Equity Equity will account. due to the due to the due to the <><>
- _______ 1. Financial assets at amortized cost shall be measured at fair value through profit or loss. _______ 2. Transaction costs include fees and commission paid to agent, levies by regulating authorities, transfer taxes and duties. _______ 3. As a rule, transaction costs that are directly attributable to the acquisition of a financial asset should be capitalized as cost of the financial asset. _______ 4. Financial assets held for trading are reported at cost. _______ 5. The stockholder theoretically realized income from dividend at the data of record. _______ 6. As investee is an entity over which the investor has significant influence. _______ 7. Trading bond investment are reported at face amount. _______ 8. A gain or loss on sale of trading bond investment is the difference between sale price and fair value. _______ 9. The interest rate written on the face of the bond is known as nominal rate. _______ 10. Major spare part and standby equipment which are expected to be used…The following relates to the different income components: Employment or loss Business income or loss Property income or loss Capital gain or loss Use the above details to answer questions 11 and 12. What are the most possible sources of income to a business, corporation or trust? Question 8 options: a) i, ii and iii b) ii, iii and iv c) i and iv d) All of the aboveE2.5 ( L02 ) ( Elements of Financial Statements ) Five interrelated elements that are most directly related to measuring the performance and financial status of an enterprise are provided below . Assets Income Liabilities Expenses Equity Instructions: Identify the element or elements associated with the following nine items . a . Obligation to transfer resources arising from a past transaction . b . Increases ownership interest by issuance of shares . c . Declares and pays cash dividends to owners . d . Increases in net assets in a period from non - owner sources . e . Items characterized by service potential or future economic benefit . f . Equals increase in assets less liabilities during the year , after adding distributions to owners and subtracting investments by owners . g . Residual interest in the assets of the enterprise after deducting its liabilities . h . Increases assets during a period through sale of product . i . Decreases assets during the period by purchasing the…
- Please answer in details for the discuss part. Thanks. May I know is it using total asset or average total asset for part 1 and average shareholder's equity or shareholder's equity for part 3True or False _______ 1. Financial assets at amortized cost shall be measured at fair value through profit or loss. _______ 2. Transaction costs include fees and commission paid to agent, levies by regulating authorities, transfer taxes and duties. _______ 3. As a rule, transaction costs that are directly attributable to the acquisition of a financial asset should be capitalized as cost of the financial asset. _______ 4. Financial assets held for trading are reported at cost. _______ 5. The stockholder theoretically realized income from dividend at the data of record. _______ 6. As investee is an entity over which the investor has significant influence. _______ 7. Trading bond investment are reported at face amount. _______ 8. A gain or loss on sale of trading bond investment is the difference between sale price and fair value. _______ 9. The interest rate written on the face of the bond is known as nominal rate. _______ 10. Major spare part and standby equipment which are expected…13-A financial report provides information that assists users in making decisions. a. Buying the entity b. Changing the management of the entity c. Selling the entity d. Providing resources to the entity