What effect would that have on the accounting system

Assignment Help Macroeconomics
Reference no: EM13238620

Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system?

Reference no: EM13238620

Questions Cloud

Define the alkalinity of the solution : A solution is created by adding 0.05 moles of H2CO3 (3.1 g, total mass) to 5-L of water, resulting in a pH of 4.2. Now, we add sodium hydroxide (NaOH, strong base) until the pH reaches 10. You can neglect any changes in volume. What is the alkalin..
What annual net revenue must each jet produce : Southwest Airlines (SWA) is planning to expand its fleet of jets to replace some old planes and to expand its routes. It has received a proposal from Boeing to purchase some old planes and to expand its router.
Calculate the pressure p : In the troposphere, the part of the atmosphere that extends from the surface to an altitude of about 11 km, calculate the pressure p at height y=8863m
Explain what is the alkalinity of the solution : A solution is created by adding 0.05 moles of H2CO3 (3.1 g, total mass) to 5-L of water, resulting in a pH of 4.2. Now, we add sodium hydroxide (NaOH, strong base) until the pH reaches 7. You can neglect any changes in volume. What is the alkalini..
What effect would that have on the accounting system : Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system
How to compute the equilibrium constant : Calculate the equilibrium constant at 0c and at 50c(assuming enthalpies of formation are independent of temp)
Calculate the payback period for the investment : The lathe will cost $10,000. and will produce an annual income of $2,500 per year throughout its lifetime. It is anticipated that the cost of removal of the lathe will exceed its value as scrap at the end of the useful life of $2,500.
Explain the concentrations of the three carbonate species : A water sample is measured to have alkalinity of 130 mg/L as CaCO3 at pH=9.2, what are the concentrations of the three carbonate species
Draw a free body diagram for the negative charge : Three equal positive charges Q are each fixed at a corner of an equiliateral triangle of side length a, Draw a free body diagram for the negative charge, Find the magnitudes of the net force on the negative charge

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  What condition must hold for argument to withstand criticism

Despite being a major industrial force in Korea, several of the company's divisions are unprofitable, or "bleeding red ink" in the words of the article. Indeed, last year the power plant and oil refineries building division recorded a $105 million..

  How will produce an in efficient large number of departments

The college of business each of these in turn has a dean who is responsible for faculty departments such as economics and finance. Why is an M-form more likely than a U-form to be an efficient way of organizing a university and to organize the sch..

  Illustrate what is an investment schedule and how

Illustrate what is an investment schedule and how does it differ from an investment demand curve.

  Describe current trade deficit

United States has absolute advantage over many countries in production of most goods and services. Yet, the country is running the record trade deficit year after year. The current trade deficit is about six percent of the country's GDP. Is it a ..

  A rise in corporate income taxes increases the investment

A rise in corporate income taxes increases the investment in physical capital for any given interest rate.

  Hire an additional worker only if the employee marginal reve

A perfectly competitive firm should hire an additional worker only if the employee 's marginal revenue product is less than the wage rate.

  Determin marginal rate

Rita has well-behaved preferences over steak and fries. at her current consumption bundle of 3 steaks and 10 fries, her marginal rate of substitution between steak and fries is 1/2 (in absolute value). if you offered to take away one fry and give ..

  What is the value of autonomous spending

Keynesian Economics: Suppose the following about the economy of the United States: Government spending = 660, planned investment (Ip) = 215, autonomous consumption is 200, net exports is 100 and taxes are 100. In addition, for each additional $1 o..

  Concepts of supply and demand, substitution and equilibrium

Some economists did a study of market for economists in Britain. They discover that the quantity demanded was about 150 per year, and that the quantity supplied was about three hundred per year

  When does a recession begin

When does a recession begin and when does it end and the dating of a business cycle is done by the Business Cycle Dating Committee of the National Bureau of Economic Research

  Illustrate what has been the real change in bill''s net worth

Illustrate what has been the real change in Bill's net worth.

  Be sure you fully discuss the economic condition stated i

Be sure you fully discuss the economic condition stated in this problem from a theoretical and practical viewpoint. Fully support your statement with references.

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