Answer:
a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.
Explanation:
Prepayments are amounts paid to a business before goods or services are received. This means that a prepayment is the payment of an obligation, bill, or expense before its due date, which is therefore, also before the expense recognition.
The correct answer is alternative a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.
Answer:
I no 5th St Louis Vuitton Monogram the best way for me to explain is pronunciations
Explanation:
To answer this question,
let us first define the variables:
Earnings: 15, 000
Shares: 10, 000
P/E Ratio: 5.0
<span> where P stands for Price and E is Earnings per Share</span>
Calculating Earnings per
Share:
E: 15, 000/10, 000 =
1.50
Using the P/E ratio, we
can get the market value or the price of one stock:
P/1.50 = 5.0
P = 7.50
Therefore market price
is 7.50 per share.
<span> </span>
Answer: c. Structural unemployment
Explanation:
Susie lost her job due to competition, someone could offer better than what she offer, the loss of job was not as a result of downsizing but rather a structural unemployment.
Answer:
To accrue the liability and explain it in a note to the financial statements
Explanation:
Since Paul company discovers a pre-existing material defect after the end of its fiscal year and Paul to preexisting material defect after the end of it fiscal year, and the Financial statements have not yet been issued. What is expected of Paul's company is "To accrue the liability and explain it in a note to the financial statements".
This is relative to current liabilities and contingencies. In cases of a company acquiring a liability, the company is obliged to finances which is yet to be paid within that time, cash transactions has not occurred, but the company will pay from the proceeds it has received.
The liabilities incurred are recorded within the financial records of the given time that the payment is made and overturned after the payment is made.
Paul's company explaining the liability in the note of accrual presented in the financial statement at the end if that fiscal year shows a vital information that attention should be taken to when reading the company's balance sheet.
