whether the statement is true or false.

Q: Which of the following is a TRUE statement

A: As per our guidelines and protocol we provide solution to the one question only and you have asked…

Q: Which of the following statements is true?

A: All the accounts in the income statement are closed at the end of each year and the balance is…

Q: True or False:

A: Explanations: 1. Total capital of the firm depends upon the types of capital a firm has issued.…

Q: an IS O a capital or a venue nature forms part of the subjective test. elect one: True False

A: Accounting concepts/ conventions and principles are the guidelines for taking various accounting…

Q: e the use of pro forma statements in informed decision-making?

A: Step 1When it comes to accounting, pro forma statements are the financial statements of your…

Q: True or False: Write T if the statement is correct. If it is not, write F and state the reason…

A: Financial planning is a forecast of future revenue and expense for an organisation The first step in…

Q: True or False

A: In variable costing, Income is determined by subtracting Fixed costs from contribution margin and…

Q: What is a reasonableness test?

A: Reasonableness tests is an analytical procedure used to examine the validity of the accounting…

Q: What is the purpose of the Maceda Law?

A: The Maceda Law, also known as The Realty Installment Buyer Act or Republic Act 6552 is the law that…

Q: Which of the above statements is/are true?

A: Factory overhead allocation: the factory overhead of a company can only be calculated at the end of…

Q: The use of the word “prior” is a key indicator that information is nonrelevant to a current…

A: The use of the word "prior" is not a key indicator to know that information is non-relevant to a…

Q: The following statements are correct, except:

A: Profit or loss is a statement which shows how much net profit has been earned by the company or…

Q: Which statement is true?

A: Financial Statements: These are records of the finance relating activities and positions of the…

Q: Please answer if it is TRUE or FALSE.

A: Financial reporting standards are those rules, regulations and policies which are used for the…

Q: Which of the following statements is not correct?

A: Leave monetization is actually the leave encashment which means the if there is any earned leaves…

Q: What are the two inputs required in the preparation of the pro forma statements?

A: Pro forma financial statements are reports that are formed based on hypothetical situations in the…

Q: on based

A: There are three main models of the judicial decision-making that explain how judges come to a…

Q: Which one of the following statements is INCORRECT?

A: Statement (2) is correct as under FIFO method, the earlier goods purchased would be comparatively…

Q: What makes an account significant or an assertion relevant?

A: Significant Account  An account is said to be significant when there is a chance that the account…

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: Test of details of balances involves direct testing of the ending balances.  TRUE OR FALSE? WHY?

A: Introduction:- Tests of details means verifying and obtaining audit evidence on the actual details…

Q: Indicate whether each of the following statements is true or false.

A: ANSWER   1.True When designing an accounting system, Special reports are needed and for preparing…

Q: Which of the following statements is NOT correct?

A: The yield of the bond refers to the return that investors will realize on investment when the…

Q: Which of the following statements is INCORRECT? Select one: а.

A: The answer is given below:

Q: Which of the following statements is correct?

A: Accounts payable: the amount that the company should to pay in a specified future date Bad Debt: the…

Q: What does it mean for a source to be objective?

A: Objective means anything which is free from emotions, personal prejudices or bias.

Q: hich of the following statements are true and which are false?

A: I. Externalities is the one of the reason for market failure not an only reason. They are many…

Q: Which of the following statements is false?

A: Sinc as there are multiple questions are given, so as per answering guideline we do only first one.

Q: True or False.

A: Hi student Since there are multiple subparts, we will answer only first three subparts

Q: Explain the Nonrecourse clause?

A: A sum of money that an individual or company owes is called liability. It is an obligation between…

Q: Which statement is false?

A: Corporate Bonds: These are bonds issued by the corporation for raising capital. These are…

Q: Is my answer correct?

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

Q: statement is true or false, based on the knowledge of the different theories and mo

A: Stock prices are determined by market movements and prices may go up and down depending on supply…

Q: Which of the following statements is TRUE?

A: A measure of an organization’s liquidity position can be ascertained by examining its Current Ratio.…

Q: Which of the following statements Is/are true?

A: Inventory valuation: Inventory valuation is a method used or followed for the calculation cost of…

Q: What is an unasserted claim?

A: An unasserted claim or assessment is one in which the affected party or potential claimant has not…

Q: Which of the following statements is CORRECT?

A: DIVIDEND POLICY  Dividend policy is the policy that determines the assigning of earnings into…

Q: What is the full disclosure principle?

A: Principles are followed by the business for preparing financial reports.

Q: Which of the following statement/s are incorrect?

A: Liability: Liability: Amount of money or fund entity owns to pay outside or within the organization.…

Q: What is meant by the term level of assurance?

A: Assurance implies confidence or satisfaction regarding any process or thing.

Q: Which of the following statements is false

A: A Bondholder gets a coupon amount calculated at a rate, on the face value. And at the end of…