Author Question: Hoffman Electronics is a U.S. company. Which balance sheet format is most likely used by Hoffman? ... (Read 83 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?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library