The FASB Codification requires the following financial statements for all nongovernmental, not-for-profit organizations Statement of financial position, statement of activities, statement of cash flows, and statement of functional expenses. Statement of financial position, statement of operations, statement of cash flows, and statement of functional expenses. Statement of financial position, statement of activities, and statement of cash flows. Statement of financial position, statement of revenues and expenses, statement of cash flows, and statement of functional expenses.

Answers

Answer 1

Answer:

Statement of financial position, statement of activities, and statement of cash flows

Explanation:

FASB Codification speaks about and explains what GAAP is and it removes nonessential information.

The reason for the Financial Accounting Standards Board (FASB) first of all, Accounting Standards Codification simply to place or put all accounting guidance in one place or location.

The aims or goals of the Codification

1. Making easy and understanding, the structure and accessibility of authoritative GAAP;

2. To give all authoritative literature in a single location;

3. Limit the time and effort required to research an accounting issue;

4. Limit the risk of noncompliance with GAAP;

5. Facilitate updating of accounting standards and others.


Related Questions

what is the double entry system?​

Answers

Answer: Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation,

Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. The left-hand side is debit and the right-hand side is credit. In a normally debited account, such as an asset account or an expense account, a debit increases the total quantity of money or financial value, and a credit decreases the amount or value. On the other hand, for an account that is normally credited, such as a liability account or a revenue account, credits increase the account's value and debits decrease that value

Suppliers want to sell large quantities of products with a high

Answers

Answer:

price

Explanation:

supplier will be willing and able to sell products for high prices as their able to make a good profit

The Bretton Woods system came into being right after WWI


True
False

Answers

Answer:

False

Explanation:

It came into being in 1944 after world war II. This was created in a conference of all of the World War II Allied nations that took place in Bretton Woods, New Hampshire. The decision was taken to avoid trade wars  between the nations.

Hence, the given statement is false.

Suppose that a project has a depreciable investment of $1,000,000 and falls under the following MACRS year 5 class depreciation schedule: year 1: 20 percent; year 2: 32 percent; year 3: 19.2 percent; year 4: 11.5 percent; year 5: 11.5 percent; and year 6: 5.8 percent. Calculate the depreciation tax shield for year 2 using a tax rate of 30 percent.

Answers

Answer:

$96,000.

Explanation:

A depreciation tax shield is a method by which the tax paid reduces as a result of depreciation.

Depreciation in year 2 = 32%

Depreciation on equipment = $1,000,000 x 0.32 = $320,000

Depreciation tax shied = depreciation x tax = $320,000 x 0.3 = $96,000

global market distribution system and because the Breathe Right strips complemented the 3M first-aid product line.Refer to Breathe Right. To market the nasal strips in countries outside the United States, CNS and 3M provided the strips to the national sports teams. For example, sales in South Africa took off when the entire South African rugby team wore the strips when they won the World Cup of rugby. This example primarily illustrates the use of which element of the global marketing mix

Answers

Answer:

Promotion

Explanation:

Marketing mix is a combination of factors which are controlled by the organization for influencing customers. There are 4Ps in the marketing mix, people, process, promotion, product. In the given scenario emphasis is laid on the promotion.

"How do you access the Expression Builder to add a calculated field to a report? in the Report Wizard in the Format tab through Control Source in the Property Sheet through the Group & Sort function in Design tab through the Design View dialog box under Controls​

Answers

B through control source in the property sheet

Answer: absnaja

Explanation: ekaksjen

The stock of Canadian Ski Wear is currently trading at $45 a share and the equity beta of the company is estimated to be 1.3. The company is expected to pay a dividend of $1.50 a share next year, and this dividend is expected to grow at a rate of 4% per year. The rate on the 10-year U.S. Treasury bond is 4% and you estimate the market risk premium to be 5%. Using the dividend growth model, what is the company’s cost of equity?

Answers

Answer:

737383ujeheur8ieh3r8r8

Laramie Trucking's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity. The CFO believes the firm should use more debt, but the CEO is reluctant to increase the debt ratio. The risk-free rate, r RF, is 5.0%, the market risk premium, RP M, is 6.0%, and the firm's tax rate is 25%. Currently, the cost of equity, r s, is 11.5% as determined by the CAPM. What would be the estimated cost of equity if the firm used 60% debt? (Hint: You must first find the current beta and then the unlevered beta to solve the problem.)

Answers

Answer:

17.74%

Explanation:

Calculation to determine What would be the estimated cost of equity

First step is to calculate the Original beta using this formula

Original beta = (rs-rRf)/ RPM

Let plug in the formula

Original beta = 11.5%- 5%

Original beta = 6.5%/ 6%

Original beta = 1.083

Second step is to calculate original D/E using this formula

original D/E= D/A / (1-D/A)

Let plug in the formula

original D/E = .25/ (1-.25%)

original D/E = .333

Third step is to calculate Unlevered Beta using this formula

Unlevered Beta= Bu = Bl / 1+((1- Tax rate) x (D/E)

Let plug in the formula

Unlevered Beta= 1.083/1+((1-.25) x .333

(D/E) =1.083/1+(0.75*.333)

(D/E) =1.083/1+.24975

(D/E) =1.083/1.24975

(D/E)=0.87

Fourth Step is to calculate the Target D/e

Target D/e = .6/.25

Target D/e = 2.4

Fifth step is to calculate the New Beta using this formula

New Beta = bu* (1+(D/E)(1- tax rate)

Let plug in the formula

New Beta= .87 *(1+(2.4)*(.6)

New Beta= .87 *(1+1.44)

New Beta= .87 *2.44

New Beta=2.1228

Now let calculate the estimated cost of equity using this formula

rs = rRF + new beta (RPm)

Let plug in the formula

rs= 5% + 2.1228*6

rs= 17.74%

Therefore the estimated cost of equity will be 17.74%

what is net income and how do you calculate it?


Answers

Answer:

net income is the amount an individual earns after subtracting taxes and other deductions from gross income.

CALCULATION

-----------------------------------------++---------------------

the amount of revenue left after subtracting all expenses, taxes and costs.

What assumption in the food industry did Howard Moskowitz change?

Answers

Answer:

"By evolving from a one-size-fits-all approach to one that embraces customer diversity, Moskowitz was able to improve customer experiences with food products from coffee to cola to spaghetti sauce and beyond."

this is what I found online

Moskowitz was able to improve consumer experiences with culinary goods ranging from coffee to soda to spaghetti sauce and beyond by shifting from a one-size-fits-all approach to one that welcomes customer variety.

What is food industry?

The food industry is a complex, global network of various businesses that provides the majority of the world's food.

The word "food industries" refers to a wide range of manufacturing, distribution, processing, and conversion operations, preperation, transport and many other facilities.

Thus, Moskowitz was able to improve consumer experiences.

For further details about food industry, click here:

https://brainly.com/question/13746091

#SPJ2

Why would you want to use a check register

Answers

BECAUSE YOU NEED TO REGISTER ALL CHECKS FAST AND EASY

SUB TO MR BEAST

Which of the following is not a valid FICO credit score?
A. 900
B. 600 C. 700
D. 800

Answers

Answer:

A. 900

Explanation:

FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.

Basically, your FICO depends most on the amounts you owe and your payment history.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.

In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.

How do you define success?

Answers

Answer:

if ur happy then ig I could say ur successful

if made it to the top I could say ur successful

if u reached the destination if ur dream I would say ur successful

If you came to a good spot in life I believe your success as long as you get to the point of happiness, and working on towards reaching your goals

To develop the main points for a speech on a question of value, you should ask
a а "How do you know?"
b. "Why is this good or bad?"
С "Why is true?"
d "How is this better than what we have now?"

Answers

Answer: B

Explanation:

Determine the value of z.
Question 9 options:

A)

53°

B)

121°

C)

57°

D)

239°

Answers

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

[tex]y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\ = 59[/tex]

given y + z = 180 (angles on same straight line)

[tex]y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\ = 121[/tex]

The answer should be 121°

Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs

Answers

ANSWER:

Income

WHY:

The expenses and extras and needs should all add up to the income and the income should be over these expenses


MARK ME BRAINLIEST PLEASE

A company that uses an in-house advertising department might turn its advertising and promotion tasks over to an outside agency to: Select one: a. get more control over the advertising process. b. save money. c. get an objective, fresh look at its advertising situation by someone outside of the company who can come up with different creative ideas. d. make coordination of the advertising and promotional process easier. e. do all of the above. Clear my choice

Answers

Explanation:

think the answer is E all of the Above

ACTIVITY 3: MARKETS
3.1. Briefly explain in your own words your understanding of a market?
.2. Differentiate between a goods and service market and a factor market?​

Answers

Answer:

1, A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.

2,

A factor market is different from the product, or output, market—the market for finished products or services. ... The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods.

National Family Opinion (NFO) contacts several hundred members of its consumer panel and provides them with a printed description of a new chewing gum and its package. Consumers are then given a survey containing several multiple-choice questions about their attitudes toward the new product, based on what they read in the description. The final survey question asks consumers to indicate the likelihood that they would purchase the product. NFO seems to be conducting a: a. Market test b. Concept test c. Prototype test d. Sensitivity test e. Attitude test

Answers

Answer: concept test

Explanation:

Based on the information given, we can infer that National Family Opinion (NFO) is conducting a concept test.

Concept testing is the process whereby surveys are used in the evaluation of the acceptance of a new product by the consumers before the product is introduced to the market.

Since the consumers are given a survey which contains different multiple-choice questions about their attitudes toward the new product,

Therefore, the correct option is B.

A portfolio manager has maintained an actively managed portfolio with a beta of 0.2. During the last year the risk-free rate was 5% and equities performed very badly providing a return of −30%. The portfolio manage produced a return of −10% and claims that in the circumstances it was good.

Answers

Answer: See explanation

Explanation:

The formula to use here will be:

required rate = risk free rate + beta × (market return - risk free rate).

where,

risk free rate = 5%

beta =0.20.

market return = -30%.

Therefore,

required return = 5% + 0.20 × (-30% + -5%)

= 5% + 0.2(-35%)

= 5% - 7%

= -2%

Therefore, the return on portfolio should have been -2% but the portfolio manager produced a return of −10%

Since -10% is lower than -2%, we can deduce that the claim of the manager is wrong.

A firm has issued cumulative preferred stock with a $100 par value and a 10 percent annual dividend. For the past three years, the board of directors has decided not to pay a dividend. At the end of the current year, the preferred stockholders must be paid ________ prior to paying the common stockholders.

Answers

Answer:

$30/share

Explanation:

Calculation to determine the amount the preferred stockholders must be paid

First step is to calculate per year dividend using this formula

Per year dividend = Stock value × Dividend payment rate

Let plug in the formula

Per year dividend = $100 × 10%

Per year dividend = $10

Second step is to calculate the Total unpaid dividend using this formula

Total unpaid dividend for 2 years = Per year dividend × 2 year

Let plug in the formula

Total unpaid dividend for 2 years = $10× 2years

Total unpaid dividend for 2 years = $20

Now let calculate the Cumulative Preferred Dividend

Using this formula

Cumulative Preferred Dividend = Current Year Dividend + Total unpaid dividend for 2 years

Let plug in the formula

Cumulative Preferred Dividend = $10 + $20

Cumulative Preferred Dividend = $30

Therefore At the end of the current year, the preferred stockholders must be paid $30/share prior to paying the common stockholders.

Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.

Answers

Answer:

B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.

Explanation:

yuhhhhhhh yu alr know the vibesss
im now a expert yhhhhhhhhhhhhhhhhhhhhh

Answers

Answer:

............................................ NICE

Answer:

Eyyy how I wish I can Be the expert tho :<

Suppose you and your classmates live next to a lake that is filled with fish. If these fish are caught, they can be sold at a premium to local restaurants, implying the marginal private revenue from fishing is very high. Even though you and your classmates have differences in fishing ability, assume the fish are, nonetheless, very easy to catch, implying the marginal private cost of fishing is very low. Lastly, legal ownership of the lake has never been officially determined or specified in any way. Are the fish in the lake a private good

Answers

Answer:

no

Explanation:

The fish in the lake is a common resource

A common resource is a good that is non excludable but rivalrous

Due to the fact that the legal ownership of the lake has not been specified, everyone and anyone can fish from the lake. this makes the lake non excludable.

the lake would have been excludable if it was a private lake and people had to pay to make use of the lake

the fish in the lake is rivalrous because if a fish is caught, other people cannot catch the fish.

A private good is a good that is excludable and rivalrous

Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is 7.3%. If he puts away 10% of his $32,000 salary every year, what would the total of his 401(k) be in 10 years? Round your answer to the nearest cent.

Answers

Answer:

The answer is A.

Explanation:

Just took test

Answer:

A

Explanation:

on edge

The United States Congress has debated a variety of campaign finance reforms over the last decade. The proposal debated have included the following: Eliminating soft money Limiting independent expenditures Raising limits on individual contributions (a) Select one of the listed proposals and do all of the following: Define the proposal. Describe an argument that proponents make in favor of the proposal. Describe an argument that opponents make against the proposal. (b) Select a different listed proposal and do all of the following: Define the proposal. Describe an argument that proponents make in favor of the proposal. Describe an argument that opponents make against the proposal.

Answers

Answer:

Definition: prohibiting or regulating campaign contributions to political parties and/or contributions for party-building activities.

Favor: Levels the playing field.

Against: violates the first amendment and weakens political parties.



You make $18.50 per hour and work 40 hours

per week. You are paid once per month, and

pay 30% in taxes and deductions.

1. How much do you make per month after

taxes and deductions?

2. How much do you make per year after taxes

and deductions?

Answers

Answer:

Net earning per month = $2,072

Net earning per year = $26,936

Explanation:

Given:

Amount earn per hour = $18.50

Number of hour in a week = 40 hours

Taxes and deduction = 30% = 0.3

Find:

Net earning per month

Net earning per year

Computation:

Net earning per month = [Amount earn per hour][Number of hour in a week][Number of week in a month][1-Taxes and deduction]

Net earning per month = [18.50][40][4][1-03]

Net earning per month = $2,072

Net earning per year = [Amount earn per hour][Number of hour in a week][Number of week in a year][1-Taxes and deduction]

Net earning per year = [18.50][40][52][1-0.3]

Net earning per year = $26,936

Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences​

Answers

Answer: D. Math, literacy, natural sciences, and social sciences​

Explanation:

General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.

Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.

which of these is not a social or economic goal of the US economy

Answers

What are the social or economic goals? Is there options?

Edit: The answer is A

Answer:

A

Explanation:

DeConinck Soup Co. found that its canned nacho cheese sauce was too spicy for Americans in the East and not spicy enough for those in the West and Southwest. Today, DeConinck's plants in Texas and California produce a spicier nacho cheese sauce than what is produced in the other plants. DeConinck's is using __________ segmentation.

Answers

Answer:

D: Geographic segmentation

Explanation:

Geographic segmentation is defined as the marketing strategy that primarily aims to target the distinct choice preferences of the customers across a specific region or area. DeConinck Co. is employing this strategy to understand the consumer needs and cater to the different types of demands of their customers residing across the region by producing and marketing products accordingly.

Answer:

applebees is the qorst restruant even tho ive never been there so i cant have an opinion

Explanation:

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