Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you just need to say the options. thank you if you

you just need to say the options. Thank you if you reply in 25 minutes....

60.1K

Verified Solution

Question

Accounting

you just need to say the options. Thank you if you reply in 25 minutes. no solution is needed.

The idea of consistency does not mean that companies cannot switch from one accounting method to another.

Select one: True False

Financial statements are the principal means through which financial information is communicated to those outside an enterprise.

Select one: True False

)In 2019, Milford Corporation determined that it overstated salaries payable and salaries expense by $20,000 in 2018. In 2019, which of the following accounts will have to be credited to correct this error?

Select one: profit or loss for the period retained earnings salaries and wages expense salaries and wages payable

Net realizable value is

Select one: selling price. selling price minus estimated costs to complete and make a sale. selling price plus estimated costs to complete and make a sale. fair value plus estimated costs to complete and make a sale.

One assumption made by the IASB conceptual framework is that the reporting entity is a going concern.

Select one: True False

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