Answer:
a. Periodicity assumption
Explanation:
There are various assumptions and principles out of which few are given below:
1. Periodicity assumption: According to this, the business activities are divided on the monthly, quarterly, half yearly, yearly financial statements
2. Monetary unit assumption: According to this, the business transactions should be expressed in term of monetary units.
3. Economic entity assumption: According to this, the business activities or record keeping should be separate from its owners, shareholders, etc.
4. Going concern assumption: According to this, the business should be run for the longer time or forever. It will keep the business in running and there is no intention to closed or liquidate it.
In the given situation, the most appropriate option is a.
Answer:
Self-efficacy and competence
Explanation:
Self-efficacy and competence is the term which is defined as the judgement of the person of his or her capabilities for executing and organise the course of actions needed to accomplish the designated kinds of performance.
In short, it is the perceived efficacy which is the extent to which the individual or person feels and need the attributes so that could succeed.
So, the one force which motives and have the strongest effect on performance is the self-competence and efficacy.
Aletha had an accident ........................................ Aletha's disfigurement was viewed by many others as her ASCRIBED.
In sociology, an ascribed referred to a status that one gains involuntarily. Generally, an ascribed status, refers to the social status, which a person is given at birth or which one acquired involuntarily later in life. The status usually remain permanent all through the individual's life.
Answer and Explanation:
The journal entry for the cost of goods manufactured is shown below:
Finished Goods Inventory $837,000
To Work in process $837,000
(Being cost of goods manufactured)
Here the finished goods inventory is debited as it increased the assets and credited the work in process as it decrease the assets
Answer: Sale of debt securities held. The profit of $12500 is recognized as income in the financial statements. The Acquisition of Additional trading securities doesnot affect the income statement it is a balance sheet transaction
Explanation:
debt securities were sold for $104500. The debt securities had a cost of 86000 and a Fair value of $92000. since the value of the Debt securities would have been Recognized at their Fair Value of $ 92000 in the Balance sheet, the Profit on Sale (Income) of debt securities in year 2 will be
104500 - 92000 = 12500.
A profit on sale (income) of 12500 would be Recognized in the income statement for year 2.
The Acquisition of additional Trading securities at a cost of $73000 will not affect the income statement because acquisition of an asset is not an expense. the acquisition of additional trading securities will only affect the Balance Sheet
