<span>In America through most of the 1800's, a firm stand was taken in favor of the classical economic views of smith and ricardo.</span>
The right answer for the question that is being asked and shown above is that: "a. shareholders." According to the agency problem, shareholders represent the principals of a corporation. They have to represent the whole company as a whole.
Answer:
c. a long-term liability.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.
Your data would not be considered duplicated.
Answer:
d. Revenue recognition
Explanation:
The principle of revenue recognition occurs when the revenue is recognized or earned whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here implies that the customer receives the product but the payment was made afterward.
Since the given scenario reflects the violation of the revenue recognition principle.
