Shows how participants in the market are linked.
Which accounting principle dictates whether the cost of a repair should be expensed?
d. matching
As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.
Answer:
greater the potential reward
Explanation:
<span>The theory of comparative advantage</span> implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can.
Comparative advantage is term used in economics to denote the ability to produce goods and services at a lower opportunity cost than competitors or trade partners. This theiry is the <span>foundational principle in the theory of international trade.</span>
Answer:
The correct answer is letter "D": interest being earned on previously-earned interest.
Explanation:
Compounding, also called "<em>interest on interest</em>", refers to a method of calculating interest based on the principal of a capital gain plus interest that was already accrued. It is a form of reinvestment based on accumulated interest. Compound interest could be computed by day, month or year.