Answer:
The correct answer is Congruence.
Explanation:
Any company that makes its financial statements available to the public will conform to GAAP standards. The congruence principle is one of the fundamental lines established by the Financial Accounting Standards Board (FASB) This process is different from the cash accounting principles that the total amount of income or expenses is recorded regardless of when They have an impact on the cash flow of the company. The GAAP congruence principle helps to provide a clear and accurate picture of cash on hand, the revenue generated and expenses incurred at a specific point in time (see Resources below).
In order to minimize errors and provide accurate account information during the accounting period, companies can recognize expenses and revenues that occur within a time-giving period. The GAAP congruence principle recognizes expenses when they are incurred, and when it distinguishes between deferred income and accrued expenses in order to determine its real value of the company at a given time.
<span>The country will have to negotiate new trade agreements with other nations.</span>
Answer:
His return on investment is negative 8.7%
Explanation:
Thomas purchased 2,500 shares of EKK at $54 per share (=$135,000 / 2,500).
He received $750 (= $0.30 x 2,500) in annual dividends.
He sold his 2,500 shares at $49 per share = $122,500
The total amount of money he received from his investment is $122,500 + $7
50 = $123,250, then we divide that by $135,000 = 0.913 - 1 = -8.7%
Answer:
A DEBIT to Estimated warranty liability
Explanation:
Based on the information given we were told that the company recognized an estimated warranty of the amount of $54,000 for its 2017 sales in which the year 2018 the company also repair costs of the amount of $21,000 which is related to products sold during the year 2017 which means that The journal entry to record the cost of repairs would include a debit to ESTIMATED WARRANTY LIABILITY .
Answer:
The answer to this question is B. It can modify its Web site according to the foreign countries' cultures.
Explanation:
A business environment is all internal and external factor that is capable of influencing organisations decision. While internal environment are mostly within the business itself, external factors are from without which means the business has little or no control
For organisations to succeed in a foreign market, it is required to deal with large society and cultural differences that is practiced in that country.
social - cultural factor is one of the external factors that can influence a business decision from without in the environment in which it operates.
The social cultural factors which includes belief, norms and customs of the people in that environment are what the business should adhere to in other to succeed in such country.
Therefore, modifying its web site according to the foreign country's culture is a step to achieve what has been explained above.
Hence the answer to this question is B It can modify its Web site according to the foreign countries' cultures.
