The most likely answer is option 3
Cash basis of accounting is the one that recognizes when cash has been paid and received unlike accrual basis.
<h3>What is cash basis of accounting?</h3>
Cash basis of accounting is the one that recognizes when revenue when received unlike accrual basis.
It is important to know that cash basis of accounting ensures the company always knows how much cash flow it has.
Learn more about cash basis of accounting here: brainly.com/question/20397933
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Answer:
The correct answer is number (4): informal networks.
Explanation:
Organizational variables are those components of the organization that influence in the decision-making. There are four main organizational variables:
- Decision rights: authority to initiate, approve, implement, and control decisions.
- Business processes: tasks needed to fulfill corporate goals.
- Formal reporting relationships: structure to set up the coordination line within the firm.
- Informal networks: groups that transmit information outside the formal reporting relationships.
The answer is: C.accrual basis of accounting
Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.
