Answer:
The correct answer is letter "A": determines that expenses related to revenue be reported at the same time the revenue is reported.
Explanation:
According to the matching accounting principle, during the same accounting period, the revenues and expenditures needed to generate such revenues have to be recorded. This is part of the accrual accounting method that specifies expenses and revenue must be recorded when incurred not when cash is received.
Answer:
The total cost is 3,360,000 and consiste of the proce of the new equipment plus the shipping and installtion cost. In contrast, Alexander's initial investment outlay are liabilities.
Explanation:
acquisition cost + shipping and installation cost = equipment value
3,200,000 + 160,000 = 3,360,000
The increase in liablities, will be that, liabilities, not cost, because is not associate with the equipment being ready to use. The equipment is ready to use, once is installed. so shipping and installment cost should be activated, not the accruals and account payable.
Answer:
c. $154,000.
Explanation:
According to the difference value technique, the average difference between audited value and book value for the sample should be replicated for the whole population of 4,000 accounts. The average difference per account is:
This means that the audited value is $1 greater than the book value for each account, assuming 4,000 accounts with a book value of $150,000, the audited value is:
Estimated total audited value of the population is: c. $154,000.
Formal document that a job applicant creates
Investigating production variances and adjusting the production process is an example of controlling, which is one of the main activities of organizations.
<h3>What is controlling?</h3>
Controlling is a process that is responsible for guiding business management towards the proposed objectives, that is, control allows corrective actions to be taken when necessary.
<h3>Characteristics of controlling</h3>
- Help in the collection of information that helps optimize decision-making in the direction of the company.
- It allows to elaborate a planning, coordinate the tasks that the company must carry out and the mechanisms for the analysis and adjustment of the variables that influence the production process of the company.
Therefore, we can conclude that controlling allows adjusting the process to the goals that have been established and having access to and knowledge of the data.
Learn more about controlling here: brainly.com/question/24304293
