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AnnZ [28]
4 years ago
13

To include the personal assets and transactions of a business's owner in the records and reports of the business would be in con

flict with the:
A. Objectivity principle B. Realization principle C. Business entity principle
D. Going-concern principle
E. Revenue recognition principle
Business
1 answer:
Margarita [4]4 years ago
6 0

Answer:

C. Business entity principle

Explanation:

  • A business entity principle is one that states the transactions that are linked to a business must have a separate record-keeping and form those who are owners of the other business.
  • Thus separates the records for the organization of the business and excludes the assets and the liabilities of the other owners of the business.
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Alfred, an architect at Abode Inc., uses the term "spatial organization" while communicating to his client. The client is unable
vlabodo [156]

Answer:

Jargon

Explanation:

Based on the scenario being described within the question it can be said that the term "spatial organization" exemplifies Jargon. This term refers to any and all specialized terminology associated with a specific field or area of expertise. It is usually used between individuals of the same field who understand the word's meaning in a certain context, since those outside of the field may not understand it.

4 0
3 years ago
Presented below is pension information for Company Y for 2021.
iren [92.7K]

Answer:

The Amount of pension expense is $195,000

Explanation:

The computation of the amount of pension expenses reported is shown below:

Service cost    $150,000

Interest on projected benefit obligation  63,000

Amortization of prior service $54,000

Less: Expected return on plan assets  -$72,000

The Amount of pension expense is $195,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
Using information about customers to create marketing strategies that develop and sustain desirable long-term customer relations
stiv31 [10]
Relationship markting

5 0
3 years ago
Deciding what data to collect, actually collecting the data and analyzing it, and reporting this data are all parts of structuri
Fynjy0 [20]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, the concept of <em>"Monitoring Information System"</em> in the field of business and in the techonolgy areas is refered to the type of system that is used with the main purpose of allowing the users to capture data, process and dissenimate information in a systematic way in order to improve the velocity of the time used to accomplish those tasks in the organization. Moreover, when it comes to aggregating the "project" part in the term, the system focuses in the recollection of data and its analysis and use in order to help the project to complete what it needs to.  

4 0
3 years ago
If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be:________
sammy [17]

If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be One asset increases $1,510 and another asset decreases $1,510, causing no effect.

The relationship between an entity's assets, liabilities, and owner's equity are represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits and total credit for each transaction are equal.

There are three possible arrangements for the accounting equation:  

  • Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses.
  • Owner's equity = Assets - Liabilities.
  • Net Worth = Assets - Liabilities.

The accounting equation makes sure that every entry in the books and records is verified and that each obligation (or expense) and its associated source, or each item of revenue (or asset) and its source, can be independently verified.

To know more about accounting equations refer to: brainly.com/question/14689492

#SPJ4

6 0
2 years ago
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