Answer:
a.) matching
Explanation:
Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues
So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle
Therefore the option a is correct
Answer:
the net income would be decreased by $3,000
Explanation:
The computation of the net income is shown below;
Total cost is
= $14 + $5
= $19 per unit
And, the Selling price is $18 per unit
Now
Income = Revenue - Cost
= $18 - $19
= -1 per unit
And, finally
Total Income = 3000 units × (-1)
= -$3000
Hence, the net income would be decreased by $3,000
Answer:
Fixed Cost and Variable cost
Explanation:
it is the Variable cost that consist of firm's expenditures made before production while fixed cost comes regardless of the level of production.
A witness testimony would be direct evidence. Hope you found that helpful :)
