which of the following authorities require that companies present comparative financial statements that include both the current year and the previous year? GAAS IIA GAAP IRS

Answers

Answer 1

Generally Accepted Accounting Principles (GAAP) requires that companies present comparative financial statements that include both the current year and the previous year.

GAAP is a set of accounting principles, standards, and procedures that govern financial reporting in the United States. It provides guidelines for how financial statements should be prepared and presented, including the requirement for comparative information.

Comparative financial statements allow users of the financial statements to assess the company's performance and financial position over time. By presenting information for both the current year and the previous year side by side, users can analyze the changes, trends, and developments in the company's financial performance and position. It provides valuable context and helps in making meaningful comparisons.

Other authorities mentioned, such as GAAS (Generally Accepted Auditing Standards), IIA (Institute of Internal Auditors), and IRS (Internal Revenue Service), do not specifically require comparative financial statements. GAAS primarily deals with auditing standards and procedures, while the IIA focuses on internal auditing standards. The IRS, on the other hand, is concerned with tax regulations and compliance. While these authorities may have their own requirements and guidelines related to financial reporting, they do not specifically mandate the inclusion of comparative financial statements.

Learn more about Comparative financial statements here: brainly.com/question/30325968

#SPJ11


Related Questions

Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.

How much will Gianna earn in interest? What amount will she have at the end of the time period?

Answers

Answer:

You will earn $52.96 in interest

You have $1,052.96 in total.

In VAT (Value added tax) is it profitable to buy in large or small quantities?​

Answers

It’s more profitable to buy in large quantities.

who wants to make a call??

Answers

Answer:

Zoom you mean?

Explanation:

Answer:

I want to call my mom,lol

Helppp !!

Is a group of customers who share common wants and needs :

A) Market management
B) Marketing
C) Promotion
D) Product / Service

Answers

D
Hope this helps you

Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?

A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.

B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.

C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.

D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term​

Answers

Answer:

C

Explanation:

C la respuesta es la C ya que

Describe and evaluate what Pfizer is doing with its PfizerWorks. 2. What structural implications—good and bad—does this approach have? (Think in terms of the six organizational design elements.) 3. Do you think this arrangement would work for other types of organizations? Why or why not? What types of organizations might it also work for? 4. What role do you think organizational structure plays in an organization's efficiency and effectiveness? Explain

Answers

Answer: Pfizer is the world's largest pharmaceutical firm that's has a wide range in research. Most of their work is dependent on research they carry out, strategies they have developed from the research and innovation they put in place.

Explanation:

Pfizer is the world's largest pharmaceutical firm that's has a wide range in research. Most of their work is dependent on research they carry out, strategies they have developed from the research and innovation they put in place.

They look at making a concept in the future where they would work remotely and connect with workers in any where in the world and share information.

This arrangement would work for many other firms, as most firm have started planning towards working remotely, and many have started out the process already.

Organizational structure has a big role to play in the efficiency of an organization, it depicts the work flow from the top to the bottom, what each department is doing, who guides them and how they can do better.

Shareholders had a good year, earning a 29% annual rate of return. The PE ratio today is 10.0 and the company just announced earnings per share of $2.50. The company has a 90% payout ratio. How much did the stock price change over the past year?

Answers

Answer:

$3.68

Explanation:

Rate of return =29%

PE ratio = 10.0

Earning per share = $2.50

P1 = PE ratio * EPS

P1= 10*2.50

P1 = $25

Payout ratio = 90%

Dividend = 2.50*90%

Dividend = $2.25

Rate of return = (P1+D1-P0)/P0

0.29= (25 + 2.25 - P0)/P0

0.29 P0 = 27.50 - P0

1.29P0 = 27.50

P0 = 27.50/1.29

P0 = $21.32

Change in stock price = $25 - $21.32

Change in stock price = $3.68

1. ¿que tiene que ver el gobierno populista con el universal basic income? 2. ¿es el UBI bueno para la economía?

Answers

Answer:

Un ingreso básico es un ingreso garantizado que todo ciudadano recibe del gobierno, independientemente de los ingresos que genere a través de su trabajo. Los defensores de esta medida sostienen que la renta básica universal aumenta las posibilidades de continuidad del desarrollo, que pueden posibilitar un ingreso básico, como estudios, inversiones, opciones de uso del tiempo y otras posibilidades de autorrealización.

Ahora bien, los defensores institucionales de esta medida suelen ser los gobiernos de tinte populista, que buscan a través de estas medidas benefactoras captar votos, otorgando beneficios económicos a cambio del apoyo político de los ciudadanos.

En cuanto a la economía, el UBI podrá ser beneficioso si fomenta el consumo y la producción de bienes, pero debe contemplarse que no puede, de ninguna manera, llegar a reemplazar los ingresos generados por el trabajo.

If the food handler has been diagnosed with one of the Big 6 pathogens
they can return to work 24 hours after showing no symptoms.
TRUE
FALSE

Answers

It’s False bro trust me

Answer:

False.

Explanation:

Which one is not a Function in MS Excel?

MAX
ARG
MIN
SUM

Answers

ARG is not a function I’m familiar with in Excel, however I’m familiar with MAX, MIN, and SUM in Excel.

There for the answer is ARG.

Janice, a nurse at a hospital, is preparing a presentation for trainee nurses about guidelines for patient care. What is the purpose of her
presentation?


A. to persuade

B. to instruct

C. to entertain

D. to debate

Answers

Answer:

B

Explanation:

To teach and acknowledge the guidelines for trainee nurses to help patients in an effective way

Drag the tiles to the correct boxes to complete the pairs.
Match the cost or benefit with the appropriate spending decision.

Answers

Answer:

can result in crushing interest expenses, obtaining a loan for a major purchase

can help in any emergency using your savings account money

does not require planning, making impulse purchases

establish good credit using credit card

Answer:

tile:  Making impulse purchases = pairs: does not require planning

tile:   Using credit cards = pairs: can result in crushing interest expenses

tile:  Obtaining a loan for a major purchase = pairs: establishes good credit (if the payments are made on time every month until paid off)

tile:  Using your savings account money = pairs: can help in an emergency

Explanation:

1st tile: by definition an impulse purchase is made quickly, without any planning.

2nd tile:  if credit cards are used without paying off balances every month can lead someone to accruing large amounts of interest charges and can lead to financial ruin.

3rd tile: Typically when making large ticket purchases like homes or cars can build a great credit history because it gives you credit history and payment timeliness history.

4th tile: Typically when emergencies happen, there is no time for payments or financial planning. Savings funds can help during unplanned or emergency financial situations such as unplanned car repairs or car accidents.

Do you agree with Archbishop John Foley that violence in the media can have a negative impact on young people? Why or why not?

Answers

Answer: Yes it can.

Explanation:

Young people have for ages looked up to the media to tell them what is trending and what isn't. The media therefore has a very strong influence on how young people behave because in telling them what is trending, the young will want to engage in those trendy actions so as not to be left out socially.

If violence is glorified in the media therefore - through music, movies, series or text - young people might pick up on this and think that violence is trendy and so will be more likely to engage in violence. If for instance young people see a music video where guns are being brandished by other young people, they will think it is okay to have guns.

Violence in the media can indeed have a negative impact on young people.

Do you think workers of a company need to join in a trade union? Justify your answer

Answers

Explanation:

Because there is no unity the would not be done properly because there is role for every one


The human resource manager is undecided about whether to use internal or external
recruitment for filling the supervisor vacancy. Which method would you recommend? Justify
your answer, with advantages and disadvantages.

Answers

Advantages would be used I think

Question 6 of 10
The practice of fractional reserve banking means that:
O A. banks are required by law to operate as nonprofit organizations.
O B. banks are not allowed to use deposited funds to make loans.
O C. banks can change the interest rates on loans at any time.
O D. banks only keep a portion of their deposits as cash reserves.

Answers

Answer:

D. banks only keep a portion of their deposits as cash reserves.

Explanation:

A fractional reserve system needs a commercial bank to maintains the customer deposit percentage at the time of custody. This means that at any time the deposit fraction should have the cash backing i.e. physical also the fraction should be maintained

So according to the given situation, the last option is correct as the bank keep a portion of the deposits in cash reserves

1. What is the annual percentage rate (APR) for this credit card?

2. For cash advances what is the APR?

3. What three things would move the APR for the balance on this credit card to 28.99%?

4. What is the annual fee that customers are charged for holding this credit card?

5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?

a. What would be the APR charged for the transferred balance?

6. What is the fee for a cash advance?

7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?

8. If you are late on making a payment, what would be the fee charged?

9. What would be the fee charged if you went over your credit limit?

Answers

Answer:

1.  For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%

2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance,  the amount charged at 17.99% would be 0.1799 x 200 =$35.98.

3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.

4. The annual fee charged for the credit card is $20.

5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.

  a.  The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.

6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.

7. 2% of the amount charged (in US dollars) in a transaction.

8.  A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.

9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%

Explanation: explanations are with the answers listed above.

By law, an accountant must hold a CPA designation in order to
?

Answers

Answer:

The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants⁠—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.

Explanation:

Answer:

Prepare audited or reviewed financial statements.

Hope this helps :)

equity shareholders are called what ​

Answers

Equity shareholders are called the dividend

All of the following are economic issues facing communities EXCEPT: A. unemployment rises as people get laid off work B. population decreases as people move to find work C. property value goes up because of an increase of buyers D. schools lose money because property taxes go down Please select the best answer from the choices provided A B C D

Answers

C. Property value increase is a good thing for homeowners who can now sell at a higher price.

Answer:

D

Explanation:

1.increasing the temperature increases the rate of a reaction by dissolution of solid in liquid.
2.Tyndall effect is the ability of homogeneous mixtures to scatter light​

Answers

Answer:

1. For many solids dissolved in liquid water, the solubility increases with temperature. The increase in kinetic energy that comes with higher temperatures allows the solvent molecules to more effectively break apart the solute molecules that are held together by intermolecular attractions.

2. The Tyndall Effect is the effect of light scattering in colloidal dispersion, while showing no light in a true solution. This effect is used to determine whether a mixture is a true solution or a colloid.

a car travelling at 36km / h accelerates uniformly acceleration final 2m / s ^2 find its velocity in 5 second ​

Answers

Answer:

v = 20 m/s

Explanation:

Given that,

Initial speed of the car, u = 36 km/h = 10 m/s

Acceleration of the car, a = 2 m/s²

We need to find the final speed of the car in 5 seconds. Let the final speed is v. So,

v = u +at

Substitute all the values,

v = 10+2(5)

= 10+10

= 20 m/s

So, the final speed of the car is 20 m/s.


Benjamin wants to become a biotechnologist and eventually run his own
laboratory. In order to reach his goal, what education should Benjamin plan
to get?
A) internship
B) apprenticeship
C) associate degree
D) master's degree

Answers

Answer:

what education should Benjamin plan

to get?

D) master's degree.

Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:

Answers

There is no chart present.

If 42 of 500 people who clicked
your add bought a product online,
what would your conversion ratę
be?
A. 2.4%
B. 8.4%
C. 12.8%
D. 15.2%

Answers

Answer:

Conversion rate = 8.4%

Explanation:

Given:

Number of person clicked = 42

Total people = 500

Find:

Conversion rate

Computation:

Conversion rate = [Number of person clicked / Total people]100

Conversion rate = [42 / 500]100

Conversion rate = 8.4%

Suppose the GDP of the entire European Union is 350,000 euros and the exchange rate between euros and USD is 0.66 EURO=$1. What is the GDP of the European Union when measured in USD? Round your answer to the nearest hundredth.

Answers

Answer:

the GDP of the  European Union is $530,303.030

Explanation:

The computation of the GDP of the  European Union is shown below:

= Entire european union × euro ÷ exchange rate

= 350,000 euros × $1 ÷ 0.66

= $530,303.030

Hence, the GDP of the  European Union is $530,303.030

We simply applied the above formula


What is one cost of avoiding insurance?
falling into debt if faced with a serious problem
not benefitting from insurance de bructibles
not being able to purchase a car or home
facing increased probability of accidents

Answers

Answer:

A

Explanation:

Edge

Do you think a client’s wishes should trump ethics in the mind of an advertising professional? Why or why not?

Answers

Answer: They should not.

Explanation:

When it comes to the advertising industry, the wishes of the client are not of the highest priority, they are of the second highest priority.

The highest priority is to the industry and its integrity. If advertisers acted in an unethical manner, they would risk destroying the reputation of the advertising industry which would lead to a massive loss of trust in it that could severely impact it.

Regardless of how important a client might be therefore, their wishes should never trump the ethics required in the industry because these ethics maintain the integrity of the advertising profession.

HELP FOR CROWN!!!
what is one thing a bank will require you to have when you ask for an auto loan?
A. keys to the car
B. proof of auto insurance
C. driver's license
D. letter of recommendation

Answers

Answer:

It is either C or D

Explanation:

Answer:

Driver's License

Which part of the check gives the bank permission to release the money?

Answers

Answer:

And even though all national banks and federally chartered credit unions are subject to the same hold rules, each institution can release your funds sooner at its discretion. By understanding the rules of funds availability, you can ensure you'll have access to your money when you need it.:

Other Questions
the goal of weight gain should be to add primarily lean muscle mass. this can be achieved by creating a positive caloric balance and combining _________________ with proper nutrition. Let P(A) = 0.15, P(B) = 0.10, and P(A B) = 0.05.a. Are A and B independent events?b. Are A and B mutually exclusive events?c. What is the probability that neither A nor B takes place? The total cost (in dollars) of manufacturing x auto body frames is C(x) = 40,000 + 900x. (A) Find the average cost per unit if 100 frames are produced. (B) Find the marginal average cost at a production level of 100 units. (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 101 frames are produced. (A) If 100 frames are produced, the average cost is $ per frame. (B) The marginal average cost at a production level of 100 units is $ per frame. (Round to the nearest cent as needed.) (C) Using the results from parts (A) and (B), the estimate of the average cost per frame if 101 frames are produced is $ (Round to the nearest cent as needed.) in a multi-factor authentication scheme, a password can be thought of as: 1 point something you have. something you use. something you know. something you are. How did the Fourteenth Amendment become significant in certain Supreme Court decisions?This amendment limited rights for all citizens, excluding land-owning citizens.O The due process clause addresses certain rights given to the states and not to the people.The due process clause prohibits states from depriving citizens of their natural rights.O This amendment establishes that individual rights do not apply in certain state laws. Steve, the manager of A-1 Hardware Store, detains Joan, whom Steve suspects of shoplifting. Joan sues Steve, alleging that the detention was false imprisonment. Steve is liable if Joan:a. was detained for an unreasonably long timeb. had not shoplifted in the pastc. did not actually shopliftd. had probably cause to leave the premises the recursive binary search algorithm always reduces the problem sized by ] scheme is a pure functional language while ml is a hybrid. fit a linear function of the form f(t)=c0 c1tf(t)=c0 c1t to the data points (6,0)(6,0), (0,3)(0,3), (6,12)(6,12), using least squares. Rate within 12hrs. mol Of Monatomic Gas A Initially Has 5000 J Of Thermal Energy. It Interacts With 2.6mol Of Monatomic Gas B, Which Initially Has 8500J Of Thermal Energy. Which Gas Has The Higher Initial Temperature? Gas A Or B? 2-What Is The Final Thermal Energy Of The Gas A? 3-What Is The Final Thermal Energy Of The Gas B?2.3mol of monatomic gas A initially has 5000J of thermal energy. It interacts with 2.6mol of monatomic gas B, which initially has 8500J of thermal energy.Which gas has the higher initial temperature?Gas A or B?2-What is the final thermal energy of the gas A?3-What is the final thermal energy of the gas B? In the brand positioning process, marketers should rely primarily on _____ attributes to assess how members of the target market currently perceive an existing product/service. according to the tax preference theory, firms should pay zero dividend because dividend tax rate is higher than capital gains tax rate. here we are talking about corporate taxes. true false The number of miles on a car when the engine fails is normally distributed. The mean is 60,000 miles and the standardeviation is 5000 miles. What is the probability the engine will not fail between 55,000 and 65,000 miles?25%40%35%32% Kevin earns $6. 50 an hour and worked 60 hours last month. During the month he received $148 in tips. He also used his employee food discount and chose to have the cost of his meals deducted from his paycheck. If he had $21 deducted last month for meals, what was his net pay? Assume that human body temperatures are normally distributed with a mean of 98. 23 F and a standard deviation of 0. 64 F. a. A hospital uses 100. 6 F as the lowest temperature considered to be a fever. What percentage of normal and healthy persons would be considered to have a fever? Does this percentage suggest that a cutoff of is appropriate?b. Physicians want to select a minimum temperature for requiring further medical tests. What should that temperature be, if we want only 5. 0% of healthy people to exceed it? (Such a result is a false positive, meaning that the test result is positive, but the subject is not really sick. ) The Fed Model - End of Chapter Problem 2. Predict how cach change will alleet the output gap. Make the outpul gap more positive Make the output gap more negative Not allect the output gap hawar Banke A. The Chinese government climinates the larills charges on good exported from the Uniled States B. The implementation of antihcial imiclligence in manufacturing has led to taster than expected productivity growth, which results in decreasing production cod CA linancial crisis makes hanksciremely reluctant to take on risky loans without charging an extremely high risk premium. B. Business condence about the future of the economy Fall, which leads them to stap planned investment projects E The Federal Reserve nises the lisderal funds rale from 45 to 3%. . The federal government cuts the corporale lat rale, a more applauded by business reculines, who say that it will make more imesimeni opportunities profitable if an electromagnetic wave has components ey=e0sin(kxt) and bz=b0sin(kxt), in what direction is it traveling? if a creditor wins a judgment against a debtor and the debtor will not or cannot pay the amount due, the dispute necessarily is at an end.T/F Find the solution of the differential equation r"(t) = (e5t-5, 1, 1) with the initial conditions r(1) = (0, 0, 7), r' (1) = (9, 0, 0). (Use symbolic notation and fractions where needed. Give your answer in vector form.) r(t) = The properties of a file indicates among others the name of the file, as well as the size of the file.True/False