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Marizza181 [45]
3 years ago
12

Which of the following transactions would be least likely to have an effect on the net income for 2020? A : Stock purchased in 2

003 and deemed worthless in 2020. B : Correction of an error in the financial statements of a prior period discovered subsequent to their issuance. C : Collection in 2020 of a dividend from an investment. D : Sale in 2020 of an office building contributed by a stockholder in 1971.
Business
1 answer:
Alex777 [14]3 years ago
8 0

Answer:

B : Correction of an error in the financial statements of a prior period discovered subsequent to their issuance

Explanation:

As the accounting uses the matching principles to assing revenues and expenses a prior perior expense will not affect the current period of 2020.

The accountning should represent the reality and the event that generate the income/expense was before 2020 Thus, it should not affect 2020

Else,  the information will be tained as 2020 period is taking expenes fro mother period making the current income understated.

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g For each target market, General Imaging Corporation, a manufacturer of imaging equipment, will engage in positioning, adjustin
lesya692 [45]

Answer: a clear, distinctive, and desirable understanding of their products relative to competing products.

Explanation:

Marketing mix is regarded as the foundation model for every business as it's based on the product, the price, place, and also promotion. Marketing mix is the marketing tools sets used in pursuing the marketing objectives of s company.

For each target market, General Imaging Corporation, a manufacturer of imaging equipment, will engage in positioning, adjusting their marketing mix variables in order to give customers a clear, distinctive, and desirable understanding of their products relative to competing products.

4 0
3 years ago
____________ is the ability of a company to pay its debts as they mature. Liquidity Solvency Financial flexibility Insolvency
pshichka [43]

Answer:

Solvency

Explanation:

Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.

Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.

A company or firm is said to be solvent when the current assets exceeds current liabilities.

4 0
3 years ago
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XYZ Office Supplies is about to introduce a new customer service program that will affect all of its 355 sales and service emplo
d1i1m1o1n [39]

By putting employees in direct contact with customers before implementing the new service program, it is an attempt by XYZ to create urgency for change.

<h3 /><h3>How to implement organizational changes?</h3>

Changes can impact the way work is performed, altering the organizational culture in some cases, which can generate resistance. To reduce this situation, it is essential to implement the changes gradually, with objectivity and clarity about the benefits that will be achieved.

Therefore, organizational changes must be implemented smoothly, in order to provide optimal training and security for the employee.

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2 years ago
Javier, a new insurance agent, pays one of his customers to buy his firm's insurance product. Javier explains to the customer th
GaryK [48]

Answer: Bribery.

Explanation:

Bribery is a legal offense which involves giving or demanding for some form of valuables so as to gain favouritism or influence a situation in someone's else favour. Giving or accepting bribes while discharging one's duty as a government official or public office holder is said to be a form of corrupt practices, this could come as a form of gift, money, goods, property, contract award, etc.

Bribery is a crime in which when committed all parties involved are liable to being charged. Bribery harbours other vices such as fraud, cheating, partiality, power abuse, collusion, cartels, etc.

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3 years ago
T/F if you have built castles in the air, your work need not be lost; that is where they should be. now put the foundations unde
Damm [24]

It implies that you don't have to give up on your unachievable objectives or lofty aspirations. You should have big dreams. You must go to work.

<h3>What exactly does it mean to "construct castles in the air"?</h3>

ideas with an extremely slim possibility of success. Your effort need not be lost if you have constructed castles in the sky; that is where they belong. Place foundations beneath them now. Henry David Thoreau, to wit. These statements have a powerful impact on both young adults looking for their place in the world and adults who have found their position but are unsure of what to do next.

<h3>Why shouldn't we erect castles in the sky?</h3>

Complete Resolution. The right response, which is dream, is option 3. Build castles in the air is a slang expression for making unattainable, impractical, or very improbable goals or dreams.

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1 year ago
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