Answer:
A.) Revenue Recognition
B.) Full disclosure
C.) Expense Recognition
D.) Historical Cost
Explanation:
Revenue Recognition principle maintains theta revenue is entered into the income statement onev it is earned or incurred without necessarily waiting till cash is paid.
Expense Recognition is usually related to when assets are being converted into expenses such that cost of asset is apportioned over the useful years of the asset.
Full Disclosure maintains the release or disclosure of information related ongoing business operations such as pending lawsuit during the disclosure of business financial statement.
Historical Cost: This involves value recorded on the balance sheet that portrays the original amount paid to acquire an asset at the time of purchase
Explanation:
am not sure but i can go for B
Answer:
1: some reviewed:
Heating system.
Central air conditioning system (temperature permitting)
Interior plumbing and electrical systems.
Roof.
Attic, including visible insulation.
Walls.
Ceilings.
Floors..
2:The inspection is an important part of the home buying process. ... The home inspection is designed to protect the buyers, by revealing problems they might not have noticed otherwise. It is a "non-invasive" examination of the property, which means the inspector will not cause any damage to the home while inspecting it.
The power of veto refers to the power a subject <span>to reject a </span>bill<span> proposed by a legislature by refusing to sign it into law. </span><span>
This power has the president. It is a prerogative that infringe on the primary domain of the other
Modern presidents are generally more likely to issue vetoes than their predecessors. </span>
Answer:
Yes that is an appropriate way ti prepare an operating budget.
Explanation:
An operating budget is a financial statement that reflects reflects operating activities and its cost implications.
It outlines other budgets like ending fines the financial plan for each operating sub sector such as sales, production, direct labor, manufacturing overhear, etc. for a particular period.
Nathan's method of preparing the operating budget for his company is appropriate because he is following the correct sequence.
To prepare an operating budget, the sales and production budgets are captured first, followed by direct materials, direct labor, manufacturing overhead, direct labor, direct materials and other other additional budget before the budgeted income statement is prepared.
