Answer:
Statement of stockholders equity
Explanation:
The statement of stockholder equity involves the common stock, preferred stock if any, treasury stock ,and the retained earnings. The formula to compute the ending balances are shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + preferred stock, if any + issued shares
And we deduct the treasury stock from the overall value that comes.
B.) flow of goods and flow of costs are the same
C.) it matches current selling prices and current costs
D.) ending inventory is valued at very old costs
The answer to your question is letter C. It matches current selling prices and current costs.
Answer;
Explanation;
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance.
Economic indicators are key statistics that indicate the direction of an economy. While the indicators can be numerous, there are three broad categories of economic indicators: leading indicators, coincident indicators and lagging indicators.
The indicators that economists use to measure how economy grow is comparing the economy of a country to other countries economy especially countries that are doing well.
Indicators act as pointers, they are used to identify either a problem or progress.
They can help to know or measure progress in company or country.
Therefore, The indicators that economists use to measure how economy grow is comparing the economy of a country to other countries economy especially countries that are doing well.
Learn more on indicator below
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(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
2. Loss is remote
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
3. Loss is probable and reasonably estimable.
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
4. Loss is reasonably possible and not reasonably estimable.
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
Answer:
1. a
2. a
3. b
4. a
Explanation:
A liability is a present obligation of the entity arising as a result of past event, the settlement of which will result in the outflow of economic benefits. It is presented in the Statement of Financial Position
A provision is a liability of uncertain timing and amount. It is also presented in the statement of Financial Position and disclosed.
A contingent liability is an obligation that arises from past event and whose existence will be confirmed by the occurrence or non-occurrence of one or uncertain future events, not wholly within the control of the entity. Contingent liabilities are not recorded in Financial Statements but disclosed in the notes to financial statements.