A small neighborhood barber shop that is operated by its owner would likely be organized as a ✅ Đã Test
Kinh Nghiệm Hướng dẫn A small neighborhood barber shop that is operated by its owner would likely be organized as a Chi Tiết
Bùi Thảo Ngọc đang tìm kiếm từ khóa A small neighborhood barber shop that is operated by its owner would likely be organized as a được Cập Nhật vào lúc : 2022-10-11 16:10:31 . Với phương châm chia sẻ Mẹo về trong nội dung bài viết một cách Chi Tiết Mới Nhất. Nếu sau khi tham khảo nội dung bài viết vẫn ko hiểu thì hoàn toàn có thể lại Comment ở cuối bài để Admin lý giải và hướng dẫn lại nha.GAAP & Ethics
When it comes to the scheme that Mr. Blowhard has pulled on his own company
all he has done is hurt his actual earnings. He has made the profits seem quiet high but
this is a false pretense to true earnings. When and if the company sells the purchaser will
then have to rebuy the all the lines that were recently sold in order to expand properly.
This will in the end cause a huge deficit to the new company that was truly unneeded.
With a huge deficit in expenses right off the bat there may the chance of collapsing the
business from shortly after the purchase. The ethics that Mr. Blowhard used in this were
wrong because he only temporarily improved his business and is leaving the issue for a
later owner to fix if he plans to expand and make successful profits. It will for sure make
his financial statements unbalanced for the assets will become heavy once the assets are
received leaving the expenses to be very light in weight.
The ways he could adjust his improper actions is by using the cash basis
accounting method. This would allow for things not to fully match up and no questions to
really be asked. He could also use various inventory cost flow methods such as FIFO,
LIFO and weighted averages. This would allow for the best option to used in order to
benefit the Communication business the best.
In the end Mr, Blowhard’s scheme could be covered up in many ways, but in the
end he is really hurting his business and scamming someone into buying something that
isn’t true in its financial records.
Test Bank for Financial Accounting, Ninth Edition85.John and Sam met law school and decide to start a small law practice after graduation.They agree to split revenues and expenses evenly. The most common form of businessorganization for a business such as this would be aDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
86.Which of the following is true regarding the corporate form of business organization?LO5BT: KDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
87.A basic assumption of accounting that requires activities of an entity be kept separatefrom the activities of its owner is referred to as theLO5BT: KDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
88.Ted Leo is the proprietor (owner) of Ted's, a retailer of golf apparel. When recording thefinancial transactions of Ted's, Ted does not record an entry for a car he purchased forpersonal use. Ted took out a personal loan to pay for the car. What accounting conceptguides Ted's behavior in this situation?a.Pay back conceptb.Economic entity assumptionc.Cash basis conceptd.Monetary unit assumptionAns: bLO5BT: CDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
89.A basic assumption of accounting assumes that the dollar isLO5BT: KDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
Test Bank for Financial and Managerial Accounting85.John and Sam met law school and decide to start a small law practice after graduation.They agree to split revenues and expenses evenly. The most common form of businessorganization for a business such as this would be aDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
86.Which of the following is true regarding the corporate form of business organization?LO5BT: KDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
87.A basic assumption of accounting that requires activities of an entity be kept separatefrom the activities of its owner is referred to as theLO5BT: KDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
88.Ted Leo is the proprietor (owner) of Ted's, a retailer of golf apparel. When recording thefinancial transactions of Ted's, Ted does not record an entry for a car he purchased forpersonal use. Ted took out a personal loan to pay for the car. What accounting conceptguides Ted's behavior in this situation?a.Pay back conceptb.Economic entity assumptionc.Cash basis conceptd.Monetary unit assumptionAns: bLO5BT: CDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
89.A basic assumption of accounting assumes that the dollar isLO5BT: KDifficulty: EasyTOT: 1.0 min.AACSB: Reflective ThinkingAICPA BB: Critical ThinkingAICPAFN: Reporting
Get answer to your question and much more
Tải thêm tài liệu liên quan đến nội dung bài viết A small neighborhood barber shop that is operated by its owner would likely be organized as a Joint venture Sole proprietorship