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
m_a_m_a [10]
2 years ago
7

The matching concept a. determines that expenses related to revenue be reported at the same time the revenue is reported b. addr

esses the relationship between the journal and the balance sheet c. determines whether the normal balance of an account is a debit or credit d. requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
Business
1 answer:
OLga [1]2 years ago
6 0

Answer:

The correct answer is letter "A": determines that expenses related to revenue be reported at the same time the revenue is reported.

Explanation:

According to the matching accounting principle, during the same accounting period, the revenues and expenditures needed to generate such revenues have to be recorded. This is part of the accrual accounting method that specifies expenses and revenue must be recorded when incurred not when cash is received.

You might be interested in
Garcia Company issues 8.50%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the
MaRussiya [10]

Answer:

$308,100

Explanation:

Calculation for what are the issuer's cash proceeds from issuance of these bonds

Using this formulaIssuer's cash proceeds from issuance of bonds=Fave value*Implies a selling price percentage

Let plug in the formula

Issuer's cash proceeds from issuance of bonds=$390,000*79/100

Issuer's cash proceeds from issuance of bond=$308,100

Therefore the issuer's cash proceeds from issuance of these bonds will have be $308,100

5 0
2 years ago
Equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straigh
kaheart [24]

Answer:

The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.

The depreciation for the first 2 years is 4000*2= 8,000

So the book value of the asset is 40,000-8000= 32,000

Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000

To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.

24,000/3= 8,000

The depreciation expense in year 3 would have been $8,000  

Explanation:

6 0
3 years ago
How does competition influence the price of a good to either purchase or produce
Elan Coil [88]

It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.

6 0
3 years ago
. What happens if you don't pay your insurance premium for your car?
Andru [333]
Your insurance will be cancelled
5 0
2 years ago
The ________ analysis is a process that includes research into target markets and the promotional strategies to reach them.
Bad White [126]
Promotions Opportunity
4 0
3 years ago
Other questions:
  • The two reasons why bankruptcy is a false concern about the public debt are:
    7·1 answer
  • Edmund must pay $6 each for punk rock video cassettes, ????. Edmund is paid $24 per sack for accepting garbage, ????, and his re
    10·1 answer
  • One of the differences between managers and leaders is that managers focus on visions, missions, goals, and objectives, and lead
    13·1 answer
  • In an appraisal interview, the rating manager should never ________. take any responsibility for an employee's performance assis
    15·1 answer
  • The owner of a greenhouse and nursery is considering whether to spend $6,000 to acquire the licensing rights to grow a new varie
    13·1 answer
  • Conversion optimization is __________. investment that produces reliable month-over-month growth focused on attracting customers
    10·1 answer
  • Q 4.41: Pierson Industries has a beginning retained earnings balance of $42,500. An adjusted trial balance shows total expenses
    11·1 answer
  • ACME Corp. managers lack the will and resources to develop international marketing strategies but are happy when their company's
    15·1 answer
  • Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the s
    7·1 answer
  • Settings in which development occurs, which are influenced by historical, economic, social, and cultural factors, are called ___
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!