Answer: the corrcet answer is c. The measurement focus on all economic resources is more consistent with the GASB’s objectives that financial reporting should provide information to determine whether current-year revenues were sufficient to pay for current-year services.
Explanation:
The GASB stands for the Governmental Accounting Standards Board (GASB) and is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization. The answer is clear above; it only needed some clarification with the acronyms.
Answer:
D) Offering different prices to different customers for the same product
Explanation:
A price discrimination strategy refers to selling the same product or service to different customers at different prices. Companies will try to charge each customer the highest price he/she is willing to pay for the product or service. Theoretically, if a company is able to carry out a successful price discrimination strategy, consumer surplus would be eliminated because the company would charge every customer the highest possible price.
Answer:
.proper planing
.strict rules
.pre planning for a program
.problem solving skills
Answer and Explanation:
The journal entry is shown below;
Cash $656,600
Factoring charges (2% of $670,000) $13,400
To Trade Receivables $670,000
(Being recording these receivables)
Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets
Answer:
Balance Sheet
Explanation:
The balance sheet is a financial statement that shows a companies assets, liabilities, and shareholder equity.
