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ch 2 val
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Terms in this set (6)
What Is the Mixed Attribute Accounting Model?
Different approaches are used to value/report assets and
liabilities on the financial statements; attempt to maximize relevance and reliability/representational
faithfulness
The goal of mixed attribute model is to provide users with information that allows
them to assess:
risk, timing and amount of future cash flows
Financial Statement Amounts are a Function of these 3 things
economics, measurement error, and bias
measurement error occurs because of ________
estimation
bias arises as the result of _______
discretion
Other Elements of Financial Reporting Enhance
Relevance and Representational Faithfulness (4)
Notes to the financial statements
•
Management's discussion and analysis
•
Strong corporate governance
•
Regulatory monitoring and enforcement
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Verified questions
algebra
determine the number of ways a computer can randomly generate one or more such integers from 1 through 12. An odd integer
algebra
Find the product. $$ \left( 7 z ^ { 2 } + 5 y ^ { 2 } \right) \left( 7 z ^ { 2 } - 5 y ^ { 2 } \right) $$
algebra
Use the table. $$ \begin{matrix} \text{x} & \text{0} & \text{1} & \text{2} & \text{3} & \text{4} & \text{5} & \text{6}\\ \text{y} & \text{118} & \text{129} & \text{145} & \text{156} & \text{178} & \text{185} & \text{210}\\ \end{matrix} $$ Use the model to predict the y -value when x = 12.
pre algebra
The cost of 2 bagels and 1 can of orange juice is $8. The cost of 3 bagels and 2 cans of orange juice is$13. a. Write a system of equations to represent this situation. b. Solve the system of equations. Explain what the solution means.
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