Why so that saying did correct answe right I don’t know the answer I am just answering to see something about my points because they are negative and I am trying something
Answer:
a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.
Explanation:
Prepayments are amounts paid to a business before goods or services are received. This means that a prepayment is the payment of an obligation, bill, or expense before its due date, which is therefore, also before the expense recognition.
The correct answer is alternative a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.
Answer:
a. for pizza rises when income rises.
Explanation:
A normal good is a good that people purchase more when their income increases and that have a lower demand when their income decreases, for example, clothing. According to this, the answer is that Pizza is a normal good if the demand for pizza rises when income rises.
The other options are not right because a normal good is determined by the way in which the demand of a product behaves when the income increases or decreases.
