,000 cash dividend vns 30% interest. -Martin owns 12% n declared and paid P3,000,000 ca On September 1, Martin received a

Q: Describe the reasons why financial accounting is useful?

A: Financial accounting is a specific branch of accounting involving a process of recording,…

Q: Describe the conceptual framework of accounting principles.

A: The conceptual framework can be defined as a system of ideas and objectives that lead to the…

Q: xplain the conceptual framework of accounting and discuss its importance in the development of…

A: Accounting standards, also known as Generally Accepted Accounting Principles (GAAP), are a set of…

Q: How would you approach the implementation and application of new accounting standards?

A: INTRODUCTION: Accounting standards are important in the financial reporting of a corporation.…

Q: Analyze current major accounting research tools. Discuss the deductive, inductive, and pragmatic…

A: Accounting research looks at how people, businesses, and governments use accounting, as well as the…

Q: ow the external will use the accounting information to do decisions

A: Accounting information can be defined as the financial reports and data produced by way of…

Q: Explain how to develop financial accounting and reporting standards.

A: The financial accounting and reporting standards are created by IASB

Q: n your own words, what does relevance mean to you?  After tackling this topic, then research…

A: Relevance means the necessity of work at a specific point of time. Relevance means the work which we…