Answer:
a. each revenue account will be credited.
Explanation:
In accrual accounting revenues and expenses are realised and recorded when the revenues are earned or when expenses are incurred.
Temporary accounts are used to store balances from the revenue or expense activities of a business.
Eventually these accounts are closed out to permanent revenue and expense accounts. Revenues are credited to reflect income earned, and expenses are debited to reflect costs incurred.
Answer:
Explanation:
Fist we should understand 1st and 4th principles.
First principle - "Science, Not Rule of Thumb". It says that we should develop a science for elements of work and do not get stuck in a set routine with the old techniques of doing work. We should be constantly experimenting to develop new techniques which make the work much simpler, easier and quicker. Basically, looking at doing work from the perspective of science and experimenting.
Third principle - "Cooperation, Not Individualism". It says that when people work together there should be cooperation. Managers and employees should work together and jointly achieve results. This increases involvement and responsibility
The first principle is to develop a science for each element of work, whereas the third principle instructs managers to cooperate with employees to ensure that scientific principles are actually implemented is a difference between the first principle and the third principle.
Answer:
a. Stock dividends
Explanation:
As we know that the cash flow statement records those transactions which deals in cash only.
It includes three types of activities
1. Operating activities: It records payment of expenditures, cash receipts, changes in working capital
2. Investing activities: It records inflow and outflow of long term assets
3. Financing activities: It records the stockholder equity related transactions
Since in the given case, the related disclosure do not report the stock dividend as it does not involved any kind of cash transactions
Answer:
I dont think anybodys going to answer this
Explanation:
<u>Solution and Explanation:</u>
Assume US Investor need 1000 Pound after 90 days:
Option 1: Forward Option:1000 pound = 1000 multiply with 1.98 = $1980
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Option 2: Invest in UK:
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Need 1000 pound after 90 days
so, Invest in UK pound today 1000 divide by 1.04= 961.5385
to get 961.5385 today he need to pay = 961.5385 multiply with $2 ( Current Spot Rate)
= $1923.077
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Option 3 : Invest in US:
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Need 1000 Pound after 90 days
so forward Exchange rate 1.98 he need 1000 pound* 1.98 = 1980 $ after 90 days
so invest today 1980/1.02 = $1941.176
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Advise: Option 2 is best , Invest in UK Bonds
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