Primecoat Corporation could disseminate its annual financial statements two days earlier if it shifted substantial human resources from other operations to the annual report project. Management decided the value of the earlier report was not worth the added commitment of resources. The concept demonstrated is: Multiple Choice
1. Timeliness.
2. Materiality.
3. Relevance.
4. Cost-effectiveness.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Primecoat Corporation could disseminate its annual financial statements two days earlier if it shifted substantial human resources from ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Total surplus is A. the total cost to sellers of providing the good minus the total value of the good to buyers. B. the difference between consumer surplus and sellers' cost. C. always smaller than producer surplus. D.
Answers (1)
Buckette co. owned 60% of shuvelle corp. and 40% of tayle corp., and shuvelle owned 35% of tayle. what is this pattern of ownership called?
Answers (1)
Gerald wants to find out the net income of his business for the last quarter. He deducts the cost of goods sold from the revenue earned during that period and then deducts the operating expenses from the gross profit.
Answers (1)
Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold its two-year-old ovens at a discount for $697,000.
Answers (1)
Tim buys a high-powered tool from binford tools to use on the construction of his own garage. binford tools provides a full warranty on the tool for the first six months.
Answers (1)
New Questions in Business
Assume a company has $200 in its petty cash fund. It expends $155 as follows: $80 for delivery expenses, $40 for postage, $35 for office supplies. There is $30 of cash remaining in the fund after these disbursements.
Answers (1)
A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%. Show work
Answers (1)
If a petty cash fund is established in the amount of $250, and contains $151 in cash and $94 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credits to the following accounts a.
Answers (2)
Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided an 8 percent yield at the time of issue. The preferred stock is now selling for $74. What is the current yield or cost of the preferred stock?
Answers (1)
Select the items from the following list that are included in financial literacy. applying for a credit card using a credit card to make a purchase paying taxes opening a checking account selecting a college deciding to rent an apartment
Answers (1)