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Maru [420]
3 years ago
15

The following does not describe the matching principle

Business
1 answer:
Marizza181 [45]3 years ago
8 0

Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, <u>only option C does not align with the matching principle</u><u> </u>because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means <em>cash basis of accounting</em> is being applied.

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Answer :
If you find an unauthorized or inaccurate hard inquiry, you can file a dispute letter and request that the bureau remove it from your report. The consumer credit bureaus must investigate dispute requests unless they determine your dispute is frivolous. Still, not all disputes are accepted after investigation.
6 0
3 years ago
While the risks of construction lending may be less in a number of respects than those associated with land acquisition, banks s
mojhsa [17]

Answer: C. 150-250 basis points

Explanation:

Banks now charge between 150 to 250 basis points above the London Interbank Official Rate (LIBOR). This means that they charge a premium of between 1.5% to 2.5% over LIBOR for construction projects.

Like earlier mentioned, risks of construction lending may be less in a number of respects than those associated with land acquisition but however there are still risks. Risks such as low Tenancy when built, the potential Environmental problems and location.

This is why it is necessary to charge such a premium which is actually a very competitive rate amongst Banks.

If you need any clarification do comment.

8 0
3 years ago
Can someone please answer these
valentinak56 [21]

Answer: They will be losing money because there company borrowed 25,000$ and lost about 7-8%

Explanation:

5 0
3 years ago
Would you rather ride in an airplane or drive in a car? Compare those risks?
gogolik [260]
I would fly a plane because there is like 1 in a million chance of crashing and in a car you could crash every time you see someone driving !! i need points!!

4 0
3 years ago
How does the free-enterprise system discourage entrepreneurs who waste resources?
Len [333]

The  free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.

<h3>What is free-enterprise system?</h3>

Free enterprise can as well be described as the  free market or capitalism, which is a  economic system that is been  driven by supply and demand.

In this Private businesses as well as the  consumers control the marketplace , however  free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.

Learn more about free-enterprise system at:

brainly.com/question/3369578

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6 0
2 years ago
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