Sources of Influence on Accounting Standards and Practices Include All

question 70

Multiple Choice

Sources of influence on accounting standards and practices include all of the following EXCEPT ________.

• A)capital markets
• B)regulatory environment
• C)cultural environment
• D)levels of exports

Distinguish between market value and other value measures (par, stated) as reported for different classes of stock on the balance sheet.

Recognize what is included and excluded in the calculation of additional paid-in capital.

Calculate total paid-in capital and total stockholders' equity from given balance sheet data.

Understand the concept of legal capital and its implications for share value and corporate financing.

---

Definitions:

External Equity

The fairness of an organization's pay rates in comparison to what other employers are paying for the same type of labor in the market.

Wage and Salary Surveys

Research conducted to gather and analyze information on compensation practices across different organizations or industries.

Factor Comparison Method

A systematic technique for evaluating job positions by comparing them based on key factors such as skills, responsibilities, and working conditions, to determine appropriate compensation.

The Point Method

A technique used in job evaluation that assesses jobs on the basis of a series of factors that are each given a point value.