Answer:
a.
Explanation:
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Answer:
Explanation:
Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer fro the year, dividend paid during the year etc.
Splish Corporation
Retained Earning Statement
for the year ended December 31, 2020
$
Retained Earning at January 1, 2020 707,000
Less: Cash Dividend paid during 2020 85,000
Add: Net Income for the year 2020 <u>1,428,500</u>
Retained Earning ath December 31 2020 <u>2,050,500</u>
<span>Outsourcing. It is a means to obtain goods or service by contract from a supplier outside</span>
Answer:
D )
Explanation:
Opportunity cost is higher for the United States than Bangladesh, therefore the United States has a comparative advantage in radish production.
<u>American Worker</u> <u>Bangladesh Worker</u> <u>
</u>
50 pairs of gloves 100 pairs of gloves
300 radishes 200 radishes
0.17 gloves/radishes 0.50 gloves/radishes
6.00 radishes/gloves 2.00 radishes/gloves
6.00 > 2.00
Answer:
D
Explanation:
The matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement
the purpose of this is to avoid misstating earnings