• Discuss why integrity, honesty, and transparency are essential in financial reporting. Give credit to any sources or real-world examples you use to support your statements.
• GAAP are the general rules, regulations, and guidelines that accountants in the United States follow to ensure their practices are legal and ethical. Explain why GAAP is so useful. Give credit to any sources or real-world examples you use to support your statements.

1.The United States still participates in the gold standard since it eliminates exchange rate risk between the dollar and other foreign currencies.

True or False

2.The peso appreciated by 4% from the Eurozone point of view. What is the percentage appreciation/depreciation of the euro from the Mexican point of view? Enter your answer in decimal format and round any intermediate steps and for final answer to four decimals (EX: .XXXX).

Our idea is a platform that includes services to online shoppers who do not have visa we pay instead of them when they transfer money to us by transferring money through local bank also shoppers they have a problem in some websites that do not ship outside the United States we will provide addresses in America receive shipments and then ship them here.

writhe the five competitive forces model for this idea :

Describe the method of selecting a jury and provide your opinion as to whether the system is adequate and fair.

And are juries really necessary? Many legal systems throughout the world do not use juries to decide civil or criminal cases. Should the jury system be dispensed with in the United States? If so, why? If not, why not? Putting any constitutional rights to a trial by jury aside, why couldn't judges themselves simply decided cases themselves?

Corporate ownership varies around the world. Historically, individuals have owned the majority of shares in public corporations in the United States. In Canada this is also the case, but ownership is more often concentrated in the hands of a majority shareholder. In Germany and Japan, banks, other financial institutions, and large companies own most of the shares in public corporations. How do you think these ownership differences affect the severity of agency problems in different countries?

Briefly describe three current political or social problems facing your local community, your state, or the United States. Describe why the problems are problems, who suffers and other negative impacts, and make a suggestion as to how each problem could be solved. Make an educated guess. This post will serve as the foundation for your policy making posts this semester and your policy memorandum this semester. Be sure to cite references as required.

Mary and Bill Markson purchased a house in 2011. The Marksons rented this property from June 2011 until August 2014 at which time they occupied the property as their principal residence. The house was acquired for $300,000 and the Marksons claimed $30,000 of cost recovery deductions during the 38 month rental period. The property was sold in March 2020 for $450,000. The property was used for a total of 105 months, with the last 67 months of use as the Markson’s principal residence.

What amount of gain will be recognized by the Marksons from the sale of this property?

Sam Corporation operates under ideal conditions of certainty. It acquired its sole asset (a pen making machine) on January 1, 2018. The asset will yield $500 cash for 2 years at the end of year 2019 and 2020. Salvage value or disposal costs are expected to be zero. The interest rate in the economy is 6%. Purchase of the asset was financed by the issuance of common shares. Flamenco Corporation will pay no dividend at the end of each year.

Required

a.     Prepare a balance sheet and income statement as at the end of December 31, 2019.