Business

Business, 09.10.2019 16:30, kodyclancy

What does 6. generally accepted accounting principles (gaap) mean

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Business, 26.07.2019 05:30, Packergood

Seth purchased land for $510,000 one year ago and would have to pay $770,000 to buy an equivalent piece of land now. at which amount should seth report the land on a balance sheet prepared in accordance with gaap (generally accepted accounting principles? )a $510,000b $770,000c either "a" or "b" is an acceptable amount to be reported under gaap (generally accepted accounting principles

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Business, 03.09.2019 17:10, kaitlynmeats

Management accounting should not fit the straitjacket of financial accounting. explain and give an example. a. management accounting does not allow managers to charge interest on owners' capital to judge a division's performance, even though such a charge is required under gaap. b. management accounting cannot include assets or liabilities with nicknames that are developed internally, which is allowed under gaap. c. management accounting and financial accounting can use asset or liability measurement rules, such as present values or resale prices, whichever is more reasonable at the time. d. management accounting does not have to comply with the same standards of financial accounting such as generally accepted accounting principles.

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Business, 03.09.2019 18:30, redbenji1687

Regarding generally accepted accounting principles (gaap), which of the following statements is incorrect? a. relevant information is complete, neutral, and free from error. b. gaap is currently formulated by the financial accounting standards board. c. gaap rests on a conceptual framework that identifies the objectives, characteristics, elements, and implementation of financial statements. d. the primary objective of financial reporting is to provide information useful for making investment and lending decisions.

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Business, 18.09.2019 01:00, dommalb

Which of the following is not true of generally accepted accounting principles? (a) gaap does not have substantial authoritative support. (b) gaap is influenced by pronouncements of the sec and irs. (c) gaap includes detailed practices and procedures as well as broad guidelines of general application. (d) gaap changes over time as the nature of the business environment changes.

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