Answer: the answer is A. Yes.
Explanation:
Under a strict cash basis of accounting, revenues and expenses are recorded only when cash is received or paid. Under a modified cash basis of accounting, certain accruals and/or deferrals are recorded for financial-statement purposes.
The most common modifications are the capitalization and amortization of long-lived assets and the accrual for income taxes (recognition of income tax expense and related liability).
Answer:
15,000 units
Explanation:
The computation of the break even point in units after considering the desired profit is shown below:
= (Fixed cost + desired operating income) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $250 - $130
= $120
And the other values of items will remain the same now placing these values in the formula above.
So the units would be
= ($1,500,000 + $300,000) ÷ ($120)
= ($1,800,000) ÷ ($120)
= 15,000 units
Answer:
Traditional Checking Account. A traditional checking account offers the ability to write checks.
Premium Checking Account.
Interest-Bearing Checking Account.
Rewards Checking Account.
Student Checking Account.
Second Chance Checking Account.
Explanation:
Answer:
c.only that the debit dollar amounts equal the credit dollar amounts
Explanation:
For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.
The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.
