React to this statement and cite an example “Whether or not it actually makes profits is immaterial. An entity is still a business if it is objective is to make profit.

Q: What is significant influence and what factors are considered to determine if you have significant…

A: Lets understand the basics. Business combination is made by entity by acquiring another entity. It…

Q: The revenue recognition model promises to provide a coherent and consistent revenue recognition…

A: Given statement is: The revenue recognition model promises to provide a coherent and consistent…

Q: Explain a) Business Entity Principle b) Going Concern Principle c) Historical Cost Principle

A: Business entity principle is an accounting principle that signifies the person who owns the…

Q: A profit-seeking commercial company that deals with money and credit?

A: The question is based on concept of nature of primary business. Primary nature of business describes…

Q: The revenue recognition model is to provide a clear and uniform structure for all businesses to…

A: The answer :

Q: ols to determinate appropriate business decisions under different economic, political and legal…

A: If a firm wants to succeed in the marketplace, it must have a thorough understanding of the factors…

Q: Discuss the competitive forces that determine industry profitability Articulate a new venture’s…

A: Michael E porter was the professor at harwered and gave a five forces model that determine the…

Q: 1. Besides earning a profit, what other objectives might a business have? How can Accounting play an…

A: Accounting: It can be defined as a process that helps companies to maintain their large numbers of…

Q: When is revenue recognized by service provider? By a merchandiser? By a manufacturer? Give examples…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: They need to attract the customers by providing various benefits and advantages and taking steps to…

A: The question is based on the concept of Consumer behavior towards financial product , as attracting…

Q: In each case below, I have given a goal that a business might have.  What you need to do is to…

A: There are various forms of doing the business, one can opt for any type of business based on the…

Q: Which of the following factors should influence business and accounting decisions?a. Economicb.…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: how does prior knowledge in profit and loss helps you change your vision about running a business?

A: Knowledge about profit and loss in running a business plays a crucial role.

Q: In accounting, an economic entity may be defined as- a. a business enterprise…

A: The accounting is based on various principles and standards.

Q: For each of these independent situations, find the missing amounts. How would stakeholders view the…

A: For each of these independent situations, find the missing amounts. Formula = Net income or (loss)…

Q: True or False & Why? : Comparability between businesses will be improved since ASC 606 establishes…

A: The Answer

Q: e why it might be used to value a business.

A: Business valuation is a process for determining the value of the business. It is very important to…

Q: For example, how does understanding profit and loss impact your perspective on operating a company?

A: Knowledge of profit and loss while operating a company is critical to the success of the enterprise.

Q: A business opportunity must be identified and analyzed

A: It is possible to comprehend business opportunities by analyzing their meaning, aims, and different…

Q: Explain the effect of operating profitably on the balance sheet of a business entity.

A:

Q: What is business entity principle give example of business situation of it

A: Bussiness entity concept is one the accounting principles. It says that the bussiness and its owners…

Q: Decide which of the following statements are true. I. In most circumstances, the owners of…

A: Answer : Option (a).One is true is correct.

Q: Management accounting reports on the profitability (and therefore the efficiency) of a business,…

A: There are two main branches of accounting. One is financial accounting and other is management…

Q: Given what we have learned about Earth’s environment since this article was published, do you think…

A: No , the sole purpose of business is not  to make profits, but one among the objective is making…

Q: Explain how an understanding of the industry where a company operates can directly impact its succe

A: Introduction : In simple words, industry refers to the collection of commercial activities such as…

Q: It is defined as a business activity or event that affects a business financially

A: Business activities are related to the operations of the business. These activities are of different…

Q: Write a comprehensive note on the following with examples.  Full Disclosure Principle Historical…

A: The total honesty guideline is an idea that requires a business to report all vital data about their…

Q: According to the principle of Conservatism it is defined that when There are many ways to determine…

A: Principle of conservatism is a principle which lets the company to play safely means the income…

Q: As used in the definition of accounting, an economic entity may be a. a business enterprise b. an…

A: Answer is 'D'.  All of the above An economic entity may be a business enterprise or  an individual…

Q: Comment on the statement that what a company’s income statement reveals is interesting, but what it…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Explain the main criterion to evaluate the investment policy of a business.

A: Investment criteria are the elements that financial and strategic purchasers use to evaluate an…

Q: Classify the business practices of bubble Box, and tea’s Cup according to its similarities to the…

A: A shareholder can be an individual, company, or institution that owns shares of the company,so one…

Q: Business income allocations from an S corporation to its shareholders are self- employment income to…

A: The S-corporation is a special type of corporation in which all the income, gains, and losses of the…

Q: Justify managers' use of accounting rules in managing the company's profits.

A: To satisfy financial expectations and maintain a healthy stock price, managers may be pressured to…

Q: Which one of the following is not among the conditions that will qualify a situation, particular…

A: Accountable Event: The events that can be measurable in monetary terms in order to record them in…

Q: Financial statements should reflect a true and fair view of the business. Explain in your own words…

A: Financial statements are the reports those are prepared by an organization to estimate the…

Q: Which one of the following characteristics of the positive accounting theory brings forward the…

A: Positive accounting theory (PAT) means to understand and predict the choice of accounting policies…

Q: Which function of a financial intermediary reduces transaction and information costs between a…

A: Financial intermediaries help to make deals for their clients. Due to their professional skill set…

Q: what are the reasons why an individual venture into a business?

A: When an individual starts his own business that is known as sole-proprietorship.

Q: Profit can be more be the objective of a business than eating is the objective of living. Discuss…

A: Profit refers to the economic benefit that a business entity whether sole proprietorship,…