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gregori [183]
3 years ago
15

Hahn Co. prepared financial statements on the cash basis of accounting. The cash basis was modified so that an accrual of income

taxes was reported. Are these financial statements in accordance with the modified cash basis of accounting
A. Yes.
B. No, because the modifications are illogical.
C. No, because there is no substantial support for recording income taxes.
D. No, because the modifications result in financial statements equivalent to those prepared under the accrual basis of accounting.
Business
1 answer:
jeyben [28]3 years ago
8 0

Answer: the answer is A. Yes.

Explanation:

Under a strict cash basis of accounting, revenues and expenses are recorded only when cash is received or paid. Under a modified cash basis of accounting, certain accruals and/or deferrals are recorded for financial-statement purposes.  

The most common modifications are the capitalization and amortization of long-lived assets and the accrual for income taxes (recognition of income tax expense and related liability).

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Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to which of the following?A. ethnocentrismB. avail
Advocard [28]

Answer:

E. globalization

Explanation:

-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.

-Availability of supplies refers to having access to the products needed for the business.

-Avoidance of tariffs and import quotas refers to not having limitations like  paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.

-Lower labor costs refers to low salaries.

-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.

According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.

4 0
3 years ago
What are<br>the<br>four factors of prodution​
Dominik [7]
I don’t remember that question
5 0
2 years ago
Bank loan applications require:
barxatty [35]

Answer:

detailed information from owners and the applying company

Explanation:

Banks require detailed information from the loan applicant and their company. The information is useful in assessing the applicant's eligibility for a loan.  When issuing loans, a bank is concerned about the borrower's ability to repay. For this reason, the need will require the applicant to state the loan's purposes, how they intend to repay, income tax information, and the collateral to be provided.

The applicant has to give detailed information to convince the bank that they should get the loan.

5 0
3 years ago
If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its
Brums [2.3K]

Answer:

$35,400

Explanation:

The computation of the increase in sales is shown below:

The Total sales value is

= Number of units sold × selling price per unit

= 2,950 units × $40 per unit

= $118,000

Now if the contribution margin increases by 30, so ultimately the sales is also increased by 30%

Therefore, the increase in sales is

= $118,000 × 30%

= $35,400

7 0
3 years ago
Walmart relies on a cost leadership strategy and tries to keep all of its expenses as low as possible. The company relies heavil
Montano1993 [528]

The actions by Walmart clearly relate to:

  • C. power and politics

<h3>What is Cost Leadership Strategy?</h3>

This refers to the business strategy of trying to gain a competitive advantage by reducing the overhead costs.

With this in mind, we are told that Walmart relies on a cost leadership strategy and they make use of low wage employees and as much automation as possible and these actions shows that Walmart is using the design of power and politics

Read more about cost leadership strategy here:
brainly.com/question/15359412

5 0
2 years ago
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