Norovirus is a very contagious virus that causes vomiting and diarrhea. People of all ages can get infected and sick with norovirus. Norovirus spreads easily! People with norovirus illness can shed billions of norovirus particles. And only a few virus particles can make other people sick.
Answer:
A. Asset exchange transaction
B. Asset exchange transaction
C. Investing activity
D. Investing activity.
Explanation:
In the question, the Riley company paid cash to Smally company, and the Smally company paid the amount for the land.
So,
A. For Riley company, it is an asset exchange transaction as the asset exchanges between Riley and Smally company.
B. For Smally company it is an asset exchange transaction as the asset are the exchange between Riley and Smally company.
C. Investing activity. As the Riley company deals in the purchase and the sale of the fixed assets.
D. Investing activity. As the company deals in the purchase and the sale of the fixed assets.
Answer:
Option C Internal Control Information
Explanation:
The reason is that variance analysis is the process through which we emphasize control over costs which is solely management accounting and is not linked to financial reporting so the option B is incorrect. This information is internally generated which means saying that the information is obtained from external sources is totally incorrect. The option a is generally correct because this information is part of internal information. But Option C is more relateable here so the better option is Option C.
<span>If a sells to b, and b obtains title while goods are in transit, the goods were shipped FOB SHIPPING POINT.
If c sells to d, and c maintains title until the goods arrive at d's door then the goods were shipped FOB DESTINATION.
FOB stands for Free on Board. The recording of the sale will be dependent on whether it is FOB shipping point or FOB destination. In FOB shipping point, the buyer becomes the owner of the item when it is shipped. In FOB destination, the buyer becomes the owner of the items when it is received. </span>
