Concept consistent with the nature of regulation

Assignment Help Accounting Basics
Reference no: EM13520001

Horngren (1973) believes that accounting standards must be marketed by regulatory bodies. By this he means that affected parties need to be sold on the benefits of standards. How is this concept consistent with the nature of regulation?

Reference no: EM13520001

Questions Cloud

Ias pronouncements and fasb codification : IAS pronouncements and FASB Codification.
Would a regular quarterly announcement of earnings-per-share : Would a regular quarterly announcement of earnings-per-share which is "good" be an example of signaling? What about early adoption of a new accounting standard that would reduce income?
Depict the formation of the carbocation and halide : Using Curved arrows, draw the formation of the carbocation and halide. Also include a qualitative reaction coordinate diagram for each mechanism.
Differences and similarities between freud and durkheim : Based on the introductory pages of Pals’ chapter, what were the differences and similarities between Freud and Durkheim? Why did Durkheim choose Australian tribal religion as his main example? What was his explanation for how totemism came about, a..
Concept consistent with the nature of regulation : Horngren (1973) believes that accounting standards must be marketed by regulatory bodies. By this he means that affected parties need to be sold on the benefits of standards. How is this concept consistent with the nature of regulation?
A company can account for gains or losses from early : A company can account for gains or losses from early extinguishment of debt in three ways:
Define insect repellent deet is an amide that can be made : The insect repellent DEET is an amide that can be made from 3-methylbenzoic acid and diethylamine. A 5.6 fl oz can of DEET repellent contains 25% DEET by mass (1 qt = 32 fluid ounces).
Primarily about making students more ethical : Business ethics courses taught in colleges and universities are sometimes thought to be primarily about making students more ethical.
Obtain the magnitude of the torque acting on the loop : A circular wire loop of radius 14.1 cm carries a current of 2.51 A. What is the magnitude of the torque acting on the loop

Reviews

Write a Review

Accounting Basics Questions & Answers

  Share-based compensation plans to employees

Vacaro Corporation provides a variety of share-based compensation plans to its employees. Under its executive stock option plan, Vacaro granted options on January 1, 2009, that permit executives to acquire 20 million of the company's $1 par common..

  Calculate the restated cash dividend per share

Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes. Round your answer to two decimal places.

  Determining future operating cash flows in model

How would financial managers at Trebor Pharmaceutical, a drug manufacturer, use discounted-cash-flow models in their decision-making process? Be sure to address the impact not replacing the equipment has on future operating cash flows used in the ..

  Advantages and disadvantages of using forward contracts

Draft a memo to CEO Carlisle comparing the advantages and disadvantages of using forward contracts and options to hedge foreign exchange risk. Make a recommendation for which type of hedging instrument you believe the company should employ, and provi..

  Calcualte the value for this investment

Emerson electric common stock selling for $36.75 recently paid a $1.32 dividend and the firms earning per share has increased from $1.49 to $3.06 in the past five years. The expected rate of return is 15%. Calcualte the value for this investment b..

  Prepare shareholders equity section of balance sheet

Prepare the shareholders' equity section of the balance sheet at December 31, 2008, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

  What amount of gross profit would be recognized in 2013

Uses the completed contract method, what amount of gross profit would be recognized in 2013 and what is taxable income for 2012

  How can sales clerks employed at anasazi earth

Clerks are instructed to place the returned merchandise on the proper rack on the selling floor as soon as possible. This year, returns at Anasazi Earth Clothing have reached an all-time high. There are a large number of returns under $100 without..

  Prepare separate properly labeled schedules detailing the

the company purchased land with a building for 1250000. at the time of the purchase the fair value of the land was at

  Because of automation which component of product cost is

because of automation which component of product cost is declining?a. direct laborb. direct materialsc.

  Plant-wide factory overhead rate

Actual overhead costs for the year were $240,000. Lasso's plant-wide allocation base, machine hours, was budgeted at 50,000 hours. Actual machine hours were 40,000. Budgeted units to be produced are 100,000 units. Lasso's plant-wide factory overhe..

  Tax-free creation of corporation

Section 351 allows the tax-free creation of a corporation, or, rather, the tax free contribution of money or property to a corporation in exchange for stock in that corporation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd