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ollegr [7]
3 years ago
6

The matching principle is best demonstrated by:________.

Business
1 answer:
aniked [119]3 years ago
7 0

Answer:

d. Allocating the cost of an asset to expense over the periods during which benefits are derived from the asset

Explanation:

The matching principle is an accounting concept which states that the expenses incurred by a company and the revenue earned by the company should be recorded in the period to which they relate to. This means that for every revenue earned and expenses incurred, both must be matched on the company's income statement in the period the transactions occurred.

One of the benefits of matching principle is that it affords investors to see a normal income statement where revenues and expenditure are placed side by side hence enable them to know the true picture of the business. It therefore means that allocating the cost of an asset to expense over the periods during which benefits are derived from the asset is a matching principle concept in accounting.

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Kimberly wants to learn about the latest developments in agricultural tools and equipment. She attends many trade shows and conf
IgorLugansk [536]

Answer:

<em>d. gaining exposure</em>

Explanation:

<em>The stated event that Kimberly indulge is an example of</em> gaining exposure.

Gaining exposure is basically known as a gain of experience. Exposure has its meaning that is known as experience.

<em>Kimberly wants to gain experience</em> which is also known as gaining of exposure. <em>That is the reason that wants to learn about the up-to-dated development in agricultural equipment and as well as tools.</em>

3 0
2 years ago
Describe what an insurance company does and sells without using the word insurance
Crank
If something goes wrong, the company will make sure you're not completely screwed.
8 0
3 years ago
The section of his business plan in which Jones sets forth the purpose of his cabinet-making business-its reason for existing-is
lorasvet [3.4K]

Answer:

The correct answer is letter "C": "Mission Statement".

Explanation:

A company's mission statement represents the objective that the firm must set. That objective must last and should be adaptable to the changes it could be exposed to. It clearly states the purpose of the company and why it exists and operates. The mission statement also identifies by whom the entity is formed and their respective functions.

4 0
3 years ago
Precision Construction entered into the following transactions during a recent year.
shusha [124]

Answer:

Jan-02

Dr Bulldozer $ 250,000

Cr Cash $ 20,000

Cr Note Payable $ 230,000

Jan-03

Dr Bulldozer $ 20,000

Cr Accounts Payable $ 20,000

Jan-30

Dr Accounts Payable $ 20,000

Cr Cash $ 20,000

Feb-01

Dr Repair and Maintenance Expense $ 800

Cr Cash $ 800

Mar-01

Dr Computer Software $ 3,600

Cr Cash $ 3,600

Explanation:

Preparation of the journal entries for each of the above transactions.

Jan-02

Dr Bulldozer $ 250,000

Cr Cash $ 20,000

Cr Note Payable $ 230,000

(Purchased bulldozer)

Jan-03

Dr Bulldozer $ 20,000

Cr Accounts Payable $ 20,000

(Replaced tracks on bulldozer)

Jan-30

Dr Accounts Payable $ 20,000

Cr Cash $ 20,000

(Paid cash)

Feb-01

Dr Repair and Maintenance Expense $ 800

Cr Cash $ 800

(Repaired seat of bulldozer)

Mar-01

Dr Computer Software $ 3,600

Cr Cash $ 3,600

(Purchase computer software)

8 0
2 years ago
A paragraph is defined as group of sentences that center on a
ira [324]
B. thats the answer i got
7 0
2 years ago
Read 2 more answers
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