Answer:
D. Losses result from peripheral or incidental transactions, and expenses result from ongoing major or central operations of the entity
Explanation:
The expenses represent the cash outlow or liabilities taken to carry out the activities to continue his operations.
While the Gains and Losses are incidental transactions or other events which are not controlled by the entity management. They aren't the outcome of the company's decisions. Thus, they could arise from changes in price of real state, equipment, tecnology breakthrough which means equipment obsolete and so on.
Answer: To carefully consider choices over the period of time before jumping onto any conclusion and making a decision.
Explanation:
Here, in this particular case Mara should carefully take into consideration the choices provided before straightaway jumping onto a conclusion and thus finalizing about it.
Instead of taking choices of the organization as the discrete event. i.e. pondering onto it as a yes/no decision, Mara should take into consideration that the choices made by the organization tends to constitute the strategic method which unveils over a period of time.
Answer:
The Journal entry is as follows:
On December 31, 2021
Interest Receivable A/c Dr. $147
To Interest revenue A/c $147
(To record the interest receivable)
Working notes:
Interest Receivable:
= Amount received × Annual rate of interest × Time period
= $3,600 × (14% ÷ 12) × 3.5
= $3,600 × 0.01167 × 3.5
= $147
Answer:
I would us the data by
Explanation:dividing the difference in the prices of similar homes between districts by the difference in test scores between districts
