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UkoKoshka [18]
3 years ago
14

The matching principle, as applied to bad debts, requires:

Business
1 answer:
Anni [7]3 years ago
3 0

a. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.
Matching principle is where expenses are said to be reported accordingly within a certain period.

Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
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For business and personal finance: What is insurance?
maksim [4K]

Answer:

Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.

From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.

5 0
3 years ago
Vaughn Manufacturing started business in 2012 by issuing 209000 shares of $21 par common stock for $28 each. In 2017, 25500 of t
marshall27 [118]

Answer:

A. $153,000

Explanation:

The Journal Entry is shown below:-

Property Dr,                                          $1,173,000

          To Treasure stock                     $1,020,000

           To additional paid-in-capital    $153,000

The computation is given below:-

For Property

= 25,500 × $46

= $1,173,000

For Treasure stock

= 25,500 × $40

= $1,020,000

For Additional paid-in-capital

= $1,173,000 - $1,020,000

= $153,000

6 0
3 years ago
Choose the best closing for a message requesting the receiver's support for a proposed change in a benefits plan.
Svet_ta [14]
<span>Choose the best closing for a message requesting the receiver's support for a proposed change in a benefits plan. C</span><span>ontacting me by December 1 about your support of this new benefits plan will allow me to present this proposal at the next strategic planning session. Out of the above options, this option sounds the best and hits all of the necessary points to conclude a request. </span>
5 0
3 years ago
Detroit Corporation sued Chicago Corporation for intentional damage to Detroit's goodwill. Detroit had created its goodwill thro
Grace [21]

Answer:

d. The $1,500,000 is not taxable because Detroit settled the case

Explanation:

The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.

8 0
3 years ago
Falling demand and rising debt were a problem for which sector of the economy in the 1920sThe 1920s are sometimes referred to as
slega [8]
For the answer to the question above,
"Auto industry" was the sector of the economy in the 1920s in which falling demand and rising debt were a problem. The auto industry was the industry that was having a huge problem in regards to the selling of new cars. I hope my answer helped you. <span>Feel free to ask more questions. Have a nice day!
</span>
8 0
3 years ago
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