Author Question: Hoffman Electronics is a U.S. company. Which balance sheet format is most likely used by Hoffman? ... (Read 89 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
Hoffman Electronics is a U.S. company. Which balance sheet format is most likely used by Hoffman?
 
  A) assets + liabilities = reserves
  B) assets = liabilities + shareholders' equity
  C) noncurrent assets + current assets - current liabilities - noncurrent liabilities = shareholders' equity
  D) current assets - current liabilities = fixed assets - noncurrent liabilities = capital and reserves

Question 2

Which of the following statements is most likely true about secrecy and transparency in accounting?
 
  A) Japanese firms are usually as transparent as U.S. firms.
  B) German companies tend to be less transparent than British companies.
  C) Secrecy and transparency refer to the degree of caution companies display in valuing assets.
  D) Companies that list on stock exchanges are highly transparent because of stockholder audits.


frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

Thanks for the answer, I sent you a PM for another one.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

For a complete list of videos, visit our video library