The answer is E. i might be wrong
Answer:
A. Both II and III
Explanation:
As the major customers information and the geographic areas information would be created by the ASC 280 as disclosure of enterprise wide standard that provide the information more related to the company risk. Also it is needed to the public entities to disclose the information with respect to the operating segments i.e. reportable in the finished financial statements set
Therefore the correct option is A.
Phyllis' RATE (percentage) of return is 7 percent
<u>Explanation:</u>
Data provided in the question:
Purchase price for each share = $50
Dividend received = $1 per share
worth of shares at the end of year = $52.50
Thus, total return on the share = dividend received plus worth of sahres at the end of year minus purchase price
= $1 plus $52.50 minus $50 = $3.5
Therfore, rate of return = [ total return on the shares by purchase price ] into 100%
= [$3.5 by $50] inot 100 percent
= 7 percent
hence, the option with 7 percent will be the correct answer.
A) it is more accurate than accrual accounting.
