1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NeTakaya
3 years ago
13

Throughout the entire semester, you were trained to relate expenses to the revenues generated in the same accounting period. Dif

ferently put, the Income Statement must show the revenues and relevant expenses that took place in the same period. Which principle is related to this practice
Business
1 answer:
konstantin123 [22]3 years ago
8 0

Answer:

matching principle

Explanation:

In this scenario, the principle related to this practice is known as the matching principle. In accrual accounting, this states that revenues should be recorded during the period in which they are earned, regardless of when the transfer of cash occurs. Meaning that if a company earns $5,000 in product sales in August but receives a $1000 commission for those products in September, the commission needs to be reported on the August statement alongside the sales.

You might be interested in
What design flaw on this ballot could potentially cause confusion for voters? the ballot appears fine as it is, without any pote
tester [92]
The alignment of the yes and no arrows is confusing in some portions
6 0
3 years ago
Read 2 more answers
The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.
Pie

Answer:

business operations

Explanation:

7 0
2 years ago
Statement 1: The onset of 5% inflation means that your receipt of a $100 interest payment allows you to purchase only $95 worth
Nimfa-mama [501]

Answer:

A. 1 and 4 are true

Explanation:

Statement 1: When inflation goes up the market prices of goods increase and reduces buying power of customer. So, if you get $100 even after 5% inflation, you would get $95 worth good.

Statement 2: It is commonly known as, the higher the risk the higher the gain. So, risk premium and risk exhibited by security is directly related with each other.

Statement 3: Since, risk free rate is the compensation for time value of money, that is why it can’t make real risk-free rate negative because real risk rate is there, but inflation can go higher than risk free rate.

Statement 4: Maturity payment is paid to investors or savers after certain period of time along with principal amount.

Hence, A. 1 and 4 are true

6 0
3 years ago
Which of the following is not one of the three major credit reporting agencies in the US?
vekshin1
Im pretty sure its experian

8 0
3 years ago
Read 2 more answers
T/F the renaissance began in northern italy because china took interest in increasing trade with this region and in developing n
sineoko [7]

The following statement "the Renaissance began in Northern Italy because china took interest in increasing trade with this region and in developing northern Italy after its own models of society and government" is false.

Outside of Italy, northern Europe and other regions saw a Renaissance. Up until 1450, the Italian Renaissance had a relatively small impact. Renaissance movements emerged in Germany, France, England, the Netherlands, and Poland around 1450 as a result of the spread of ideals like humanism throughout Europe.

Italy was the birthplace of ancient civilization, therefore the Renaissance there began. It was in Italy, the cradle of the Roman Empire, that the Renaissance first emerged. The magnificent creations of Roman art and thought were momentarily lost after the fall of the empire in the 4th century and the ensuing dark ages.

To know more about Renaissance here

brainly.com/question/12142612

#SPJ4

5 0
1 year ago
Other questions:
  • Skills referred to the ability to understand the relationship of parts to the whole
    14·1 answer
  • Ted was hiring a new financial analyst, and he had several good candidates. He was leaning toward hiring Akiko, a Japanese Ameri
    8·1 answer
  • Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
    7·1 answer
  • When living off campus, one way to save money is to rent an apartment where:?
    5·1 answer
  • One factor that shifts the consumption schedule is household wealth. Households build wealth by spending their incomes as they e
    7·1 answer
  • Page(s) 9-10 1.2. What are five foundations of economics? Place the events in order to describe the unintended consequences of a
    12·1 answer
  • The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and a fair value of $2,800 on December 31, which is
    13·1 answer
  • The situation where the quantity supplied of a good is greater than the quantity demanded at
    15·1 answer
  • ABC Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $34 Variable
    10·1 answer
  • What is the importance of the Transportation sector in the Tourism Industry and it's impact to other industries ?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!