Answer:
1. revenues
2. revenues
3. Incurred
Explanation:
Accrual basis is one of the methods used in preparing Financial statement. It records transaction when they are incurred or when they happen irrespective of whether cash has been paid or not.
Cash basis is a another one. It recognizes transactions only when the cash has been given.
Accrual basis accounting recognizes REVENUE when the service or product is delivered and records REVENUE when INCURRED in order to adhere to the matching principle
Answer:
The correct answer is $18920.
Explanation:
Boone Company purchased a piece of machinery by paying $18,000 cash.
In addition to the purchase price, the company incurred $800 freight charges.
Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.
So insurance money for a year = $ (
) = $120.
Boone Company would record the cost of the machine at $ ( 18000+ 800+ 120) = $ 18920.
Explanation:
noluyo anlamıyom ya döyler misiniz
Hello!
the full faith and credit clause explains the fact that states within the United States have to respect the public acts, records, and judicial proceedings of every other state.
for example, if someone has a driver's license in Vermont, it will be considered valid in new mexico.
or if someone were to get married in California, they would still be married if they move to Virginia.
I hope this helps, and have a nice day!
