Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. some argue that having various organizations estab

Some argue that having various organizations establish accounting principles is wasteful and inefficient. Rather...

70.2K

Verified Solution

Question

Accounting

Some argue that having various organizations establish accounting principles is
wasteful and inefficient. Rather than mandating accounting rules, each company could
voluntarily disclose the type of information it considered important. In addition, if an
investor wants additional information, the investor could contact the company and pay to
receive the additional information desired.
Instructions
Comment on the appropriateness of this viewpoint.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

4 3 2 1 Y 3 24 T 2 3 1 2 3 What is...

Basic Math
1.2K views

simple hypothesis test please be clear with algorithm The United States and Japan often engage in intense...

General Management
1.2K views

What is a decision support system? (DSS) What kinds of DSS exist?

Biology
1.2K views

Which amino acid is needed for the biosynthesis of norepinephrine and epinephrine?a. Alanineb. Phenylalaninec. Isoleucined....

Biology
1.2K views

ou will be using any software of your choice Google Slides owerpoint Prezi Powtoon etc...

Basic Math
1.2K views

Scores on a standardized test are normally distributed, perfectly symmetric and mound shaped, with a...

Accounting
1.2K views

Protrade Corporation acquired 70 percent of the outstanding voting stock of Seacraft Company on January...

Accounting
1.2K views

Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the...

Accounting
1.2K views

1. In Kaplan and Roll study, if EMH is valid, i.e. market does not follow...

Accounting
1.2K views

Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2,...

Accounting
1.2K views

The Fly Company provides advertising services for clients across the nation. The Fly Company is...

Accounting
1.2K views

Warner Brothers Studios uses the sum-of-the-years-digits method of depreciation. A camera unit costing $112,500 has...