1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgen [1.6K]
2 years ago
9

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through:.

Business
1 answer:
adell [148]2 years ago
7 0

Companies using the accrual concept of accounting to complete the measurement process at the year end through the recording of adjusting entries.

<h3>What is an accrual concept?</h3>

An accrual concept is one of the method which records the incomes at the time when it is earned or charges when it is incurred.

Adjusting entries are the entries recorded in the accounting books to close all the accounts at the year end. It helps in determining the correct amount of charges and revenues at the time of finalizing the accounting statements.

Therefore, the adjusting entries are used by the company to complete the measurement process while applying the accrual concept.

Learn more about the accrual concept in the related link:

brainly.com/question/17256489

#SPJ1

You might be interested in
What is home equity?
shepuryov [24]
Difference between the purchase price of the home and its current market price
3 0
3 years ago
Read 2 more answers
GRZ Inc. purchased a customized delivery truck in January 2018 for $70,000. They plan to use this truck for 7 years, and the com
asambeis [7]

Answer:

The correct answer is A) $2.800

Explanation:

Using the straight-line method to depreciate, the calculation to find the depreciation tax shield is the following:

  1. Finding the depreciable cost: Depreciable cost = purchase price ($70,000) - salvage value ($14,000) = $56,000
  2. Finding the depreciation per year: Depreciation/year = \frac{Depreciable cost (56,000)}{Asset useful life (7 years)} = $8000
  3. Finally, the depreciation tax shield for 2018: Depreciation tax shield = Dep/year ($8,000) * tax rate (0,35) = $2,800
7 0
3 years ago
A d d m e o n d i s c o r d<br> Katelyn#6394
kirza4 [7]

Answer:

ok and thanks for the points

thanks:)

3 0
2 years ago
Read 2 more answers
An import​ quota: A. Is always more costly to a country than an import tariff. B. Has the same effects on welfare as an import t
Ivahew [28]

Answer:

D. Generates rents that might go to foreigners.

Explanation:

An import quota is the trade restriction imposed by the government on the quantity of the particular commodity to be imported from another country. It protects domestic producers from foreign competition. Overseas goods are generally very cheap compared to locally produced goods, which can destroy a business from the market and can make foreign companies be the leader of the market, who can control the price and quality of the product. Therefore, it very helpful to the local producer in sustaining and generating profit in the market.

3 0
2 years ago
What best explains the time value of money? the concept is another way to explain how inflation works. it just means that it's b
Mamont248 [21]
Time value of money <span>it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building </span>interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc. 
4 0
3 years ago
Other questions:
  • The balance of Tori's average balance checking account
    9·1 answer
  • If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact
    15·1 answer
  • Briefly describe variable, fixed, mixed, and step costs, and indicate how the total cost function of each changes as activity in
    9·1 answer
  • A chemical is absorbed through the digestive tract but not through the skin. This is an example of which factors that affect the
    8·2 answers
  • The Spanish and Portuguese focused colonization in North America.<br><br><br> True<br> False
    12·1 answer
  • Information related to Harwick Co. is presented below.1. On April 5, purchased merchandise from Botham Company for $38,700, term
    15·1 answer
  • Question in attachment​
    9·1 answer
  • What are the costs associated with operating a franchise.
    14·1 answer
  • Okay so, I'm doing Financial Literacy and I understand nothing. I would really appreciate any help.
    14·2 answers
  • Assume that marginal propensity to consume is 0.8 and potential output is $800 billion. if the actual real gdp is $700 billion,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!