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
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

.

You might be interested in
To encourage customers to open a mail offering them a subscription to Home Companion, a home furnishings magazine, the front of
TEA [102]

Answer:

Support media

Explanation:

Direct marketing is a form of marketing to create awareness directly to the existing customer or pre selected customer and method been used by advertiser to get direct response from customer, this help the organization to get future sales. Support media is used as a part of direct marketing that help in create awareness and gather attention of customer as some traditional media is been used.

Few examples of support media are:

  • Mobile billboards.
  • In-store media.
  • Yellow pages.
  • Promotional product.
  • Areial Advertising.
6 0
3 years ago
Consider the recorded transactions below.
AnnZ [28]

Answer:

1. T-accounts:

Accounts                           Debit        Credit

Accounts Receivable

Balance                           $4,200

Service Revenue              8,400

Cash                                                 10,200

Accounts                           Debit        Credit

Service Revenue

Accounts Receivable                         8,400

Accounts                           Debit        Credit

Supplies

Balance                              $400

Accounts Payable            2,300

Balance c/d                                       $2,700

Accounts                           Debit        Credit

Accounts Payable

Balance                                            $3,500

Supplies                                             2,300

Cash                                $3,700

Balance c/d                      $2,100

Accounts                           Debit        Credit

Cash Account

Balance                           $3,400

Accounts Receivable      10,200

Advertising                                       $1,000

Accounts Payable                              3,700

Deferred Revenue            1,100

Balance c/d                                    $10,000

Accounts                           Debit        Credit

Advertising Expense

Cash                                  1,000

Accounts                           Debit        Credit

Accounts Payable

Cash                                3,700

Accounts                           Debit        Credit

Deferred Revenue

Balance                                             $300

Cash                                                   1,100

Balance c/d                      $1,400

Explanation:

a) Data:

General Entries:

Accounts                           Debit        Credit

1. Accounts Receivable   8,400

Service Revenue                                  8,400

2. Supplies                      2,300

Accounts Payable                                2,300

3. Cash                           10,200

Accounts Receivable                         10,200

4. Advertising Expense   1,000

Cash                                                     1,000

5. Accounts Payable      3,700

Cash                                                    3,700

6. Cash                            1,100

Deferred Revenue                              1,100

b) The beginning balance of each account before the transactions is:

Cash, $3,400

Accounts Receivable, $4,200

Supplies, $400

Accounts Payable, $3,500

Deferred Revenue, $300

6 0
3 years ago
Loss leaders are poorly managed retailcompanies of outlets
viktelen [127]
Not for sure about that
8 0
3 years ago
This app is amazing to keep up the good work
aliya0001 [1]

Answer:

Yes, it is.

Explanation:

8 0
3 years ago
A product structure reduces the duplication of the firm's functional resources.
Sergeu [11.5K]
<span>A product structure does not reduce the duplication of the firm's functional resources. </span>
4 0
4 years ago
Read 2 more answers
Other questions:
  • Why is money everything? Why is money kore important than life itself? Why does koney control you? Money is scary.
    11·1 answer
  • What is the strongest argument for why we need more economists today than ever before?
    15·1 answer
  • An electrician charges $50 to make a house call and $40 for each hour worked. if you have $200, can you afford a repair that tak
    15·1 answer
  • Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe
    13·1 answer
  • Specific data such as age, income, family size, and occupation, used for marketing purposes, is called A. demographics. B. the t
    13·1 answer
  • Is a source of gaining wealth by corporate raiders who benefit by pushing companies to either change their corporate strategy to
    7·1 answer
  • Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job intervi
    10·1 answer
  • Select the correct option(s):
    14·1 answer
  • Market competition may sometimes encourage a firm to innovate out of fear because of the perception that Group of answer choices
    5·1 answer
  • What are some tasks commonly performed in Facility and Mobile Equipment Maintenance jobs? Check all that apply.
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!