What is indirect quotation.Explain with example

Q: What are the characteristics of good or useful information?

A:

Q: What is the differencebetween direct and indirect quotations?

A: Introduction: Exchange rate for a pair of currencies is quoted in two ways. They are, Direct quote,…

Q: Explain how materiality affectsaudit reporting decisions.

A: American Institute of Certified Public Accountants (AICPA): AICPA is the organization which supports…

Q: What is meant by the term antidilution? Give an example.

A: An increase in the earnings per share refers to anti-dilution. This results on account of the…

Q: What is meant by the phrase management by exception?

A:

Q: What is meant by Remainderman?

A: The remainderman is a beneficiary that receives the principal left in an estate or trust after a…

Q: Why is a source document important? List some examples of source documents.

A: Source documents refers to the documents pertaining to a business transaction. It captures the key…

Q: What is indirect quote?

A: A quote is an expression of foreign exchange rate of one currency with domestic currency. Quote is…

Q: What are the relative merits of input from source documents and direct input?

A: Definition: Direct input: The data that are directly inserted into the system from the source data…

Q: What is a modified retrospective approach of FASB?

A: Definition: Financial accounting standards board (FASB): This is the organization that creates,…

Q: What is an indirect quotation? What is the indirect quotation for kronor (the plural of kronais…

A: It indicates the value of domestic currency in terms of foreign currency. Under indirect quotation,…

Q: Define in your own words the term diversity.

A: Accounting diversity refers to variances in the recording and use of financial data; American firms…

Q: artnership

A: Correct answer :- D 15000

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: se explain it properly

A: Given: To find the capital balances as, Capital Balances of Banner = P 65,000 and Strange = P 35,000…

Q: Which sentence in the passage contains a word of phrase that signals a cause and effect relationship

A: 1. Cause and Effect relationship - It is the relation between two phenomena in which one phenomena…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: Distinguish between cumulative or noncumulative?

A: cumulative and noncumulative preferred is assumed since the key term is not given.

Q: How Subordination Clause is used?

A: In order to regulate the importance of a credit in the occasion of nonpayment, a moneylender might…

Q: What are circumstance-imposed scope limitation and client-imposed scope limitation?

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: What is a Compilation?

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: Match

A:

Q: iscuss exclusion clauses, explain it briefly and include example

A: Exclusion clauses Such clauses are found in a contract mentioned under terms and conditions…

Q: What is meant by the term management by exception?

A: Business Management:   Business management refers to the skills associated with running a company…

Q: When is remeasurement rather than translation appropriate? How does remeasurement differ from…

A: Foreign Currency Financial Statements:   Foreign currency financial statements are those statements…

Q: Why is a policy statement important?

A: A policy statement or an investment policy statement is a document created by the investment…

Q: Define direct quote

A: A direct quote can be computed using the following formula: Direct quote=1Indirect quote

Q: Define the term external users.

A: An external user is a person outside of an organization who does not directly run its operations and…

Q: Explain the meaning of withholding at source

A: In finance withholding at source pertains to the domain of taxation. This is found in many countries…

Q: Define devaluation

A: Currency- Currency is defined as money in terms of paper or coins which is issued by the government.…

Q: Explain the difference between direct and indirect quotations.

A: The quotation is a document listing all the prices that are determined and fixed for a project. The…

Q: Describe about the deferrals? Explain it in detail.

A:

Q: Explain briefly what cross hedging implies. What is the significar

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are the differences between adjunct account and a contra account?

A: Definition:An adjunct account increases the book value of a liability account.A contra Account…

Q: Define the term understand ability.

A: The financial information refers to the data related to the monetary transactions of the business.…

Q: a) Define the term contra entries?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Difference Between Traceability and Controllability? Explain briefly in points.

A: Traceability and controllability are two concepts used in cost accounting. These are the forms of…

Q: What are the components of relevant information? What are the components of faithful representation?

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Q: What is notional value?

A: Notional value is used to value the underlying asset. In simple words it tells how much of value a…