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
HACTEHA [7]
3 years ago
7

The matching principle

Business
1 answer:
suter [353]3 years ago
7 0

Answer:

b) states that the revenues and related expenses should be reported in the same period.

Explanation:

Matching principle -

It is one of the basic guideline of accounting , the principle helps to directs a company to report the expense of its income statement when the related revenues are earned .

According to this principle , the expenses and revenues need to be reported at the same time .

hence , the correct statement for the term matching principle is - ( b ) .

You might be interested in
In Appellia, it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources t
EleoNora [17]

Answer:

b. diminishing returns to specialization.

Explanation:

Diminishing returns is also called diminishing productivity. It states that as additional unit of input is used in production it will get to a stage where more of input will be required to maintain output levels.

If the same level of input is used it will result in reduction in output over time.

This is exemplified in this secanrio where it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.

It takes more input to increase output by 1 ton

7 0
3 years ago
Which of the fallowing jobs duties would a software developer perform?
s2008m [1.1K]

Answer: A. Developing a product that is easy to use and meets a customer’s needs.

3 0
3 years ago
Read 2 more answers
John's boss asks for a recommendation for connecting the company network to a small satellite building about 1 km from the main
nikitadnepr [17]
<span>A typical married couple would probably be a. Gilbert would be for splitting the household chores on the basis of time spent on each task. However, it is a bit unusual to actually calculate the time it takes for each task. B. and c. doesn't make sense. D. is also valid, however.</span>
8 0
3 years ago
Sabrina Duncan had gross earnings for the pay period ending 10/15/16 of $5,835. Her total gross earnings as of 9/30/16 were $104
ivann1987 [24]

Answer:

option (A) $212.97

Explanation:

Data provided in the question:

Gross earnings for the pay period ending 10/15/16 = $5,835

Total gross earnings as of 9/30/16 = $104,400

Social Security tax rate = 6.2%

Now,

Total earnings

= Gross earnings for the pay period ending 10/15/16 + Total gross earnings as of 9/30/16

=  $5,835 + $104,400

= $110,235

since,The Social Security taxes are on a maximum earnings of $106,800 per year

therefore,

Sabrina's Social Security withheld from her 10/15/16 paycheck will be

= ( Total earnings - $106,800 ) × Social Security tax rate

= ( $110,235 - $106,800 ) × 0.062

= $3,435 × 0.062

= $212.97

Hence,

The answer is option (A) $212.97

7 0
3 years ago
The first step in creating a budget is to identify your expenses. true or false.
sergij07 [2.7K]

The answer is True. Hope this helps


5 0
3 years ago
Read 2 more answers
Other questions:
  • The fruit mart is an all-equity firm with a current cost of equity of 17.4 percent. the estimated earnings before interest and t
    13·1 answer
  • Ashley wants to increase the profits of her e-business. what two ways can be used to accomplish her goal of increasing profits?
    10·1 answer
  • A city government is considering two types of​ town-dump sanitary systems. Design A requires an initial outlay of ​$405 comma 00
    7·1 answer
  • Jenny was feeling frustrated. "What's taking them so long to make a decision? It's been weeks since I first met with them, and t
    8·2 answers
  • If the old machine is replaced, it can be sold for $32800. Which of the following amounts is a sunk cost? $246000 $820000 $28700
    8·1 answer
  • An increase in demand and a decrease in supply, will lead to a(n) ________ in equilibrium quantity and a(n) ________ in equilibr
    6·1 answer
  • When evaluating special offer decisions, management should consider: (Check all that apply.) Multiple select question. historica
    14·1 answer
  • The beginning inventory of BG Action Figures is understated by $7 million at December 31, 20x8. What is the effect on 20x8 cost
    10·1 answer
  • Trade industry short note​
    7·1 answer
  • Your company needs to cut costs. As the VP of Operations you have been tasked with cutting a middle management position from one
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!