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kompoz [17]
4 years ago
12

Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair

each item from List A with the item from List B that is most appropriately associated with it.
List A =

1. Expense recognition

2. Periodictiy

3. Historical cost principle

4. Materiality

5. Revenue recognition

6. Going concern assumption

7. Monetary unit assumption

8. Economic entity assumption

9. Full-disclosure principle

List B =

1. A common denominator is the dollar

2. All information that could affect decisions should be reported

3. Concerns the relative size of an item and its effect on decisions

4. Criteria usually satisfied for products at point of sale

5. Record expenses in the preiod the related revenue is recognized

6. The enterprise is separate from its owners and other entities.

7. The entity will continue indefinitely

8. The life of an enterprise can be divided into artificial time periods.

9. Thje original transaction value upon acquistion.
Business
1 answer:
Fantom [35]4 years ago
6 0

Answer:

Find it below

Explanation:

1. Expense Recognition - Record expenses in the preiod the related revenue is recognized

2. Periodicity - The life of an enterprise can be divided into artificial time periods.

3. Historical cost principle - The original transaction value or cost upon acquistion.

4. Materiality - Concerns the relative size of an item and its effect on decisions

5. Revenue recognition - Criteria usually satisfied for products at point of sale.

6. Going concern assumption - The entity will continue indefinitely

7. Monetary unit assumption - A common denominator is the dollar

8. Economic entity assumption - The enterprise is separate from its owners and other entities.

9. Full-disclosure principle - All information that could affect decisions should be reported

.

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The plaintiff and the defendant entered into a three-year contract in which the defendant would be the sole supplier of steel pa
Sonja [21]

Answer:

Yes

Explanation:

Emails show an agreement between the defendant and the plaintiff and as long as they are proved to be actually between the parties, it is considered evidence.

7 0
3 years ago
Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The equipment is expected to have a five-year life, with
Elodia [21]

Answer:

Annual depreciation= $13,200

Explanation:

Giving the following information:

Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The residual value of $6,000 at the end of five years.

Under the straight-line method, the annual depreciation is constant trough the entire useful life. We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (72,000 - 6,000)/5= $13,200

3 0
4 years ago
In an appearance on Shark Tank, the owner of a wedding runner company wanted to pursue a strategy of _____ and make her runners
Ksenya-84 [330]

Answer:

<u>c. cost leadership; differentiation</u>

Explanation:

<em>Remember,</em> we are told that the owner wants to make her runners affordable to the public, and we agree that affordability is only possible when there is cost leadership.<u> </u><u>Cost leadership strategy simply implies that the company's products/services are positioned to be the cheapest in comparison with other competitors.</u>

To specifically focus on quality and uniqueness, the sharks were asking the owner to pursue the differentiation strategy. <u>Differentiation strategy requires having features that set your product or service apart from others such as quality and uniqueness.</u>

7 0
3 years ago
Suppose that with a budget of $130, Deborah spends $78 on sushi and $52 on bagels when sushi costs $2 per piece and bagels cost
STatiana [176]

Her budget is $130

If she buys the sushi and bagels before the price drops, she will spend

exactly $130.

If she buys the sushi and bagels after the price drops, she will spend $100.

If she buys it together, her price will be $230

Idk if thats what your asking because there is no question

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3 years ago
"Being economically responsible is the most basic social responsibility of any business. This responsibility has the most immedi
Ganezh [65]

Answer:

The correct answer is: Shareholders.

Explanation:

To begin with,<em> "Shareholders"</em> is the name that the people who own stocks in the company receives in order to know that they are the ones who put the money to keep the business going due to the fact that they invest their money by buying shares of the company with the purpose to allow them to grow and work better so the objectives are accomplished and the profits are increased. Therefore that being economically responsible has the most immediate effect on the shareholders of the company who are the ones that will suffer losses from their pockets if the managers of the organization do not act correctly.

6 0
3 years ago
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