Answer:
A- Group think
Explanation:
In group think, bad decisions are often made because, rather than consider other alternatives, a group of people agree to a decision suggested by, in most cases, the most superior party in the room.
This form of thinking hides true opinions of other members of the group and though the decision is agreed upon, they could truly not want to be a part of the process.
In this scenario, there is an agreement with the Senior Executive on the plan of action however, nobody is interested in taking up the responsibility to follow through with the plan. This indicates a level of disagreement of other members with the plan regardless of the initially stated agreement with the plan.
<span>If these are the missing choices:
</span>A : the Securities and Exchange Commission, income principle
<span>B : GAAP, revenue recognition principle
C : GAAP, expense recognition principle
D : the IRS, tax principle </span><span>
My answer is: </span><span>B : GAAP, revenue recognition principle
</span><span>
The cash-basis is not in accordance with GAAP, and mahogany is in violation of the REVENUE RECOGNITION PRINCIPLE.
GAAP refers to Generally Accepted Accounting Principle.
It is stated that income must be recognized when it is earned not when cash is received. Because the company is using cash-basis, they will only report income earned on July 12 when they received the money not when they earned it which is before their fiscal year ending June 30.
They should recognized receivables from customers before closing the books for the fiscal year. </span>
The answer is 562.754405
The total amount she will have to pay back in four years is. 562.754405
Answer:
$9,000
Explanation:
Given that,
Trapp Company reported,
Net income for 2019 = $110,000
Dividends paid on November 1, 2019 = $60,000
Grape Company owns 15% of the common stock of Trapp.
Using a fair-value method,
Therefore,
Income earned by Grape company is as follows:
= 15% of the total amount of dividend paid
= 0.15 × $60,000
= $9,000
The answer to this question is "International Business". This would be the classification when the ABC manufacturers conduct commercial transactions across the national boundaries. The international business includes all private and public commercial transactions between two or more regions which these regions are covered by the same political territories. The commercial transactions could include any form of investments, logistic, sales, and others.
