Answer:
2) Matching
Explanation:
The matching principle refers to that principle at which the revenues that are recognized in the particular year should be matched with the expenses that are incurred in that particular year
According to the given scenario, it talks about the matching principle at which the expenses are to be reported when the related revenue is recognized
Therefore, it follows the matching principle.
Because you would want to enjoy what you wanna be if u didn’t then you maybe wouldn’t do it corrected because your not enjoying it. Hope this helps!
Answer:
benefits consumers of the product.
Explanation:
Import tariffs are generally put in place to protect domestic producers from foreign producers. Tariffs benefit domestic producers but hurt consumers since they are forced to pay higher prices.
When the import tariffs are withdrawn, the domestic price of the goods should decrease, benefiting consumers.
Answer:
Explanation:
Situation Type Logic
During the audit, a customer with a large A/R balance at year end declares bankruptcy Type 1 Facts were available on balance sheet date
a lawsuit…...thereafter Type 1 Facts were available on balance sheet date
A flood damages….after year end Type 2 Facts were not available on balance sheet date
Conditions that….after the balance sheet date Type 2 Facts were not available on balance sheet date
Additional evidence….balance sheet date Type 1 Facts were available on balance sheet date
The last one would most likely be it
