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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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Holding all other things constant, if ramen noodles are an inferior good to Vanessa, then as her income increases, her demand cu
marishachu [46]

Answer:

:A) will shift left.

Explanation:

An inferior good is a good whose demand falls when income increases and demand increases when income decreases.

As Vanessas income increases, her demand for ramen noodles would fall. This would lead to a decrease in demand for ramen noodles and her demand curve would shift to the left.

I hope my answer helps you

6 0
3 years ago
A corporation's legal capital:
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Answer: d. Is established to protect the corporation's creditors.

Explanation:

A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.

The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.

3 0
3 years ago
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A person who can afford a monthly payment of and signs a loan
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Answer:

4000

Explanation:

5 0
3 years ago
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p
harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

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What is a vision statement
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A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
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