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
svet-max [94.6K]
3 years ago
5

Listed as follows are nine technical accounting terms.

Business
1 answer:
swat323 years ago
4 0

Answer:

a. Book value

b. Materiality

c. Matching principle

d. Unrecorded revenue

e. Adjusting entries

f. Unearned revenue

g. Prepaid expenses

h. Accumulated depreciation

Explanation:

The assets are recorded at cost and then depreciated over their useful lives . The net balance of an asset being the cost less its accumulated depreciation is its Net Book Value.

Materiality is the concept whereby any accounting principle can be departed from if it is of a small amount

All expenses incurred during a period to earn revenues is known as matching principle.

Any revenue earned but not recorded or billed is known as unrecorded revenue.

Adjusting entries are recorded at period end to record revenues and expenses under accrual method.

Advances received for services to be provided after the period end is recorded as  unearned revenue.

Amounts paid in advance for services/  benefits to be received in the future are known as prepaid expenses

Assets cost are allocated over its estimated useful life is known as accumulated depreciation.

 

You might be interested in
the final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance
Dima020 [189]

The final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance on the project, but also with regard to team building and staffing policies.

The continual process of discovering, choosing, assessing, and establishing a working rapport with present or potential employees is referred to as staffing. Finding qualified applicants to fill the various positions inside the firm is the major purpose of staffing.

Staffing is the process of finding, vetting, and hiring new employees inside a company or organization to fill unfilled positions. A staffing department may also be responsible for handling other aspects of employment, such as orientation, training, retention, and termination.

To know more about Staffing Policy here

brainly.com/question/28188387

#SPJ4

6 0
2 years ago
Adjusting entries are journal entries made at the end of an accounting period for the purpose of: A. Updating liability and asse
alisha [4.7K]

Answer:

E. All of these

Explanation:

Adjusting entries are the certain journal entries which are made to display the income and expenses which have not been recorded accurately. Adjusting entries are made to balance the debits and the credits at the end of the accounting period. They help in creating financial statements. In case of any mistake done in the general ledger, adjusting entries are made to balance them.

8 0
4 years ago
Lito works for a business that is part of a large corporation with many diverse business lines that operate autonomously. Lito’s
irinina [24]

Answer: Conglomerate structure

                           

Explanation: In simple words, conglomerate structure refers to the structure under which many entities operate in different industries under a single corporation. In other words, it is a different name for parent subsidiary relationship.

In the given case, Lito group owns different firms in different industries. Hence from the above we can conclude that the group uses conglomerate structure.

4 0
3 years ago
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 43.37 - 2 48.35 $ .60 3 57.27 .63 4 45.35 .
RideAnS [48]

Answer:

geometric mean return = 1.2%

arithmetic mean return = 1.21%

Explanation:

Year            Price            Dividend              Yearly return

1                  $43.37                 -                            0

2                 $48.35            $0.60                      1.24%

3                 $57.27            $0.63                       1.1%

4                 $45.35            $0.80                       1.76%

5                 $52.27            $0.85                       1.63%

6                  $61.35            $0.93                       1.52%

geometric mean return = [(1 + 0) x (1 + 0.0124) x (1 + 0.011) x (1 + 0.0176) x (1 + 0.0163) x (1 + 0.0152)]¹/⁶ - 1 = 1.012 - 1 = 0.012 = 1.2%

arithmetic mean return = (0% + 1.24% + 1.1% + 1.76% + 1.63% + 1.52%) / 6 = 7.25% / 6 = 1.21%

6 0
3 years ago
One of the most useful ways to break the glass ceiling in organizations is to _____. Select one: a. eliminate status-blind emplo
kobusy [5.1K]

(A) Eliminate status-blind employment practice.

What is a glass ceiling?

  • A glass ceiling is a metaphor used to represent an invisible barrier that prevents a given demographic from rising beyond a certain level in a hierarchy.
  • The metaphor was first coined by feminists in reference to barriers in the careers of high-achieving women.
  • In the United States, the term is sometimes extended to include barriers to minority women's and minority men's advancement.
  • Minority women in white-majority countries frequently face the greatest challenges in "breaking the glass ceiling," because they are at the convergence of two historically marginalized groups: women and people of color.
  • The phrase "bamboo ceiling" was coined by East Asian and East Asian American news outlets to describe the barriers that all East Asian Americans encounter in furthering their careers.

After reading all the questions option (A) is the most useful way to break the glass ceiling.

Therefore, the correct option is (A) Eliminate status-blind employment practice.

Know more about organizations here:

brainly.com/question/19334871

#SPJ4

3 0
2 years ago
Other questions:
  • An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%
    11·1 answer
  • What is the amount of money you still owe to their credit card company called?
    5·1 answer
  • When you are at the assembly area, it is important to do what?
    12·1 answer
  • The current​ zero-coupon yield curve for​ risk-free bonds is as​ follows: Maturity ​(years) 1 2 3 4 5 YTM 5.05 % 5.49 % 5.78 % 5
    5·1 answer
  • A person has a choice between an apple or an orange. The person chooses the apple. What is the opportunity cost of choosing the
    8·1 answer
  • Sasha, a wealthy industrialist, owns several coffee plantations in Brazil. Encouraged by the rising sales figures in the domesti
    10·1 answer
  • An effective performance management system is comprised of four steps: defining performance, monitoring and evaluating performan
    13·1 answer
  • The company you work for and the position you hold can be described as what?
    12·2 answers
  • Democratic leadership is characteristics by........
    13·1 answer
  • Investments can help a business increase productivity by:
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!