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riadik2000 [5.3K]
4 years ago
10

The accounting basis that helps to measure and report revenues and expenses in a way that clearly reflects the ability of a comp

any to generate value for its owners is referred to as:
Business
1 answer:
snow_tiger [21]4 years ago
7 0

Answer:

Accrual basis of accounting

Explanation:

As we know that the income statement only reports the total expenses incurred and total revenues generated in a given period of time.

This accounting basis refers to the reporting of the transactions when they are earned or incurred instead of received or paid.

In this, it also follows the matching principle that stated the expenses should be matched with the revenues of the same period.

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On January 2, 2020, Coronado Industries began construction of a new citrus processing plant. The automated plant was finished an
Svetllana [295]

Answer:

$157,300

Explanation:

The computation of the interest capitalized is as follows:

= Accumulated expenditure × rate of interest

= ($610,000 × 12 months ÷ 12 months) + ($1,800,000 × 4 months ÷ 12 months) + 0 × 13%

= ($610,000 + $600,000) × 13%

= $1,210,000 × 13%

= $157,300

8 0
3 years ago
Executives at southwestern construction have noticed that the company's construction team in the phoenix office is more efficien
Debora [2.8K]

Answer:

Leveraging the experience of one group to help another group.

Explanation:

Southwestern Construction is hoping to use (leverage) the knowledge of the team in one office by sharing the knowledge with another office and hoping that the second office will also become more efficient simply by adopting the new strategies.

8 0
3 years ago
Listening is often as important as speaking in a business conversation
yuradex [85]
Trueeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
7 0
4 years ago
From 1979 to 2019, real earnings decreased for those having only a high school education or less. among the possible explanation
kobusy [5.1K]

Real earnings decreased for high school education because globalization has helped those with greater education more than those with less education.

<h3>Decrease in real earnings</h3>

Due to globalization  people with higher education or higher qualification has more advantage over those with lesser education or high school education.

This occur because technological changes in recent decades has lead or result in high demand for people with more or higher education.

Inconclusion real earnings decreased for high school education because of globalization.

Learn more about Decrease in real earnings here:brainly.com/question/25302588

6 0
2 years ago
Acme Partnership reported the following items of income and expense: Sales $200,000 Cost of goods sold 115,000 Interest expense
Yanka [14]

The amount that ACME Partnership should report as ordinary income is $83,000.

Data and Calculations:

Sales Revenue =          $200,000

Cost of goods sold =       115,000

Gross profit =                 $85,000

Administrative expenses  2,000

Operating income =    $83,000

Interest expense             13,000

Taxable income           $70,000

Charitable contributions 2,000

Long-term capital gain  10,000

The operating income is the ordinary income before determining the eligibility of the charitable deductions and the long-term capital gain.

Thus, the ordinary income of ACME Partnership is $83,000.

Learn more: brainly.com/question/25056982

4 0
2 years ago
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