1. what is not a primary function of financial accounting in society? provide comedy material for late-night talk shows. aid in the proper allocation of financial resources in a free enterprise economic system. aid users to make better investing decisions. 2. ifrs refers to: a random set of letters. a set of standards and procedures that form guidelines for international financial accounting. a set of standards and procedures that form guidelines for international managerial accounting. 3. gaap: is the distance between two objects. is a set of guidelines for preparing managerial reports in the united states. is a set of guidelines for preparing financial reports in the united states.

Carlos would like to start saving for his son’s college expenses. which type of savings account should carlos open? ida money market 529 plan basic savings account

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

If a team of three workers, each making the u. s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.