a. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.
Matching principle is where expenses are said to be reported accordingly within a certain period.
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The type of share owns by Mark is COMMON STOCK. Common stock is a security that represent ownership in a corporation.Owners of common stock have the right to elect board of directors, to vote on corporate policy and to receive in form of dividends part of the corporation's profits.
The opportunity cost of computer chip production is 2.
<h3 /><h3>Definition of opportunity cost.</h3>
Opportunity cost of the next best option that is forgone when one option is chosen over other options. Opportunity cost is also known as implicit cost.
<h3>Calculation of opportunity cost</h3>
In order to determine the opportunity cost divide the number of potato chips by the number of computer chips that can be made.
Opportunity cost = number of potato chips / number of computer chips
50 / 25 = 2
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Answer:
The correct answer is letter "D": Accounts receivable ledger.
Explanation:
The accounts receivable ledger is the part of the accounting book of a company where all the credits sales are recorded. This ledger includes the amounts invoiced to consumers that have not been paid yet (accounts receivable) as well as the <em>credit memos</em>. The latter are registered when the payment has not been paid in full after the account receivable was due, so the outstanding amount can be eliminated.