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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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Which of the following is a good example of inflation?
Ulleksa [173]

Answer:

D. It cost you $85 to gas up your car this month. But last month it only cost you  $50.

Explanation:

4 0
4 years ago
A company has a selling price of $2,150 each for its printers. Each printer has a 2 year warranty that covers replacement of def
Zina [86]

Answer:

i want to say 179,270 i am sorry if i am wrong

Explanation:

8 0
3 years ago
An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm
GenaCL600 [577]

The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.

What is investment?

Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.

PV is a present value, FV is a future value, i is interest, n is number of period

PV= FV/ (1 + i) n

PV= 1, 00,000 / (1+7.20%) 10

PV =68.5650014087

As a result, the original amount of investment is 68. 56

Learn more about on investment, here:

brainly.com/question/15353704

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7 0
2 years ago
George, an unmarried cash basis taxpayer, received the following amounts during 2016:Interest on savings accounts$2,000Interest
madreJ [45]

Answer:

c. $3,150

Explanation:

The computation of the gross income is shown below:

= Interest on savings accounts + Interest on a State bond + Interest portion of proceeds of a 5% bank certificate of deposit + Dividends on USG common stock

= $2,000 + $600 + $250 + $300

= $3,150

We do not consider the school bonds as it would not be included in the gross income. So, we ignored it

5 0
3 years ago
Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test als
IgorC [24]

Answer:

TRUE

Explanation:

It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy

Under Sec. 461(h), a three-prongall-events test is met when

(1) all events have occurred that establish the fact of the liability;

(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and

(3) economic performance has occurred.

8 0
3 years ago
Read 2 more answers
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