Answer:
The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.
Explanation:
Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.
The accrual basis of accounting states that profits are reported on the income statement as they are earned. In that case, if the revenue collected in advance decreases, the accrual-basis revenues will be higher than the cash collections from customers under the advanced payment method.
High inflation imposes various costs on society. Maintain a slow growth in the number of money policymakers do to keep inflation at a low level.
There are only two real costs of inflation in this economy. Inefficient management of transactions due to low currency balances and the need to change advertised prices more frequently (so-called menu costs).
Today, contractionary monetary policy is the more popular way to control inflation. The goal of contractionary policymakers is to reduce the money supply within the economy by raising interest rates. 5 This slows economic growth as borrowing costs rise and consumers and businesses spend less.
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Answer:
Po? ndi kopo maintindihan yung question
