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
lilavasa [31]
2 years ago
5

expensing the cost of copy paper when the paper is acquired is an example materiality. industry practices. conservatism. expense

recognition.
Business
1 answer:
sergejj [24]2 years ago
4 0

Expensing the cost of copy paper when the paper is acquired is an example of .Cost constraint.

<h3>What is Cost constraint?</h3>

A cost constraint in accounting occurs when it is excessively expensive to report specific information in the financial statements. The applicable accounting standards permit a reporting entity to forego the associated reporting where doing so would be prohibitively expensive. The purpose of enabling the cost constraint is to prevent firms from paying excessive expenditures to fulfill their financial reporting duties, especially when compared to the benefit received by readers of the financial statements.

Only certain requirements for financial reporting that are mentioned in the accounting standards are subject to the cost limitation. In all other instances, regardless of the underlying cost, financial information must be reported.

To learn more about Cost constraint from the given link:

brainly.com/question/21270823

#SPJ4

You might be interested in
A country sells more goods and services to foreign countries than it buys from them. It has Select one: a. a trade surplus and p
GREYUIT [131]

Answer:

a trade surplus and positive net exports. 

Explanation:

If a country sells more goods and services to foreign countries than it buys from them, it means the country's export is greater than its import. If export is greater than import, net exports (export- import ( would be postive.

Also, there would be a trade surplus.

 A trade surplus is when the value of export is greater than imports. 

I hope my answer helps you

5 0
3 years ago
Quality Vacuum has been manufacturing excellent vacuum cleaners for over 50 years. In the employee break room is a banner that r
balu736 [363]

Answer: <em>Mission statement </em>

Explanation:

Mission statements are referred to as a short statement that tends to elaborate on the topic of why a company exists, and what its aim and overall objective is, also with an inclination towards finding goal of their operations, i.e. what type of commodity or service it tends to provide, its primary market or customer, and also their geographical area of the operation.

4 0
3 years ago
Is your place of work a business or a non profit organization ?
bixtya [17]

Answer:

my place of work is a business

3 0
3 years ago
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 66,00
Greeley [361]

Answer:

The incremental cost is $198,000

Explanation:

Given;

Current cost per unit to manufacture = 66,000 units

Direct materials = $5.00

Direct labor= $9.00

Overhead = $10.00

Total cost per unit = $24.00

Incremental costs = $1,254,000 - $1,056,000 = $198,000

7 0
3 years ago
Which statement regarding competitive advantages is true? Select one: a. With an overall cost leadership strategy, firms need no
kifflom [539]

Answer:

Letter b is correct.<u> If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.</u>

Explanation:

This statement is the most appropriate to answer this question about competitive advantages, because a competitive advantage can be described as a certain advantage that an organization has in relation to its competitors. Some of these advantages may be greater access to raw materials, more qualified labor, barriers to entry, geographic location, differentiation of products and services, etc.

Therefore, when several competitors adopt similar differentiation tactics, the consumer does not have enough attributes to differentiate one brand from another, so all competitors can be perceived as equal in the consumer's mind.

6 0
3 years ago
Other questions:
  • Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $6
    10·1 answer
  • If I currently sell 10,000 units, and my use of Formula 1 indicates that I will need to sell 500 additional units to justify my
    7·1 answer
  • A module that performs a single function or task has a high degree of ____, which is desirable.
    15·1 answer
  • The going concern assumption of GAAP implies that the firm: __________
    11·1 answer
  • If you need to keep track of a large number of published or scheduled messages sent to a variety of social networks, hootsuite _
    12·1 answer
  • An example of transaction exposure is when:__________.
    13·1 answer
  • For measuring a journal for out-of-round, measurements should be taken every ________ degrees around the journal
    12·1 answer
  • Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31. Following are the correct
    11·1 answer
  • RST Company produces a product that has a variable cost of $6 per unit. The company's fixed costs are $30,000. The product sells
    8·1 answer
  • Gray Corp. employees work 2 hours on each of the 200 units that they produce and are paid $8 per hour. The standards for Gray Co
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!