The four general accounting principles from the provided options are going concern principle, time period principle, full disclosure principle and revenue recognition principle.
<h3>What are accounting principles?</h3>
Accounting principles are the rules and guidelines which guide the accounting users in preparing and finalizing the accounting reports.
The principles of accounting are as follows:
- Going concern principle is a concept that treat a business firm to have an indefinite life.
- Time period principle states that the activities performed by an entity should be bifurcated into various periods.
- Full disclosure principle signifies that each and every material information must be reported in the accounting statements and none of the information should be hide out.
- Revenue Recognition principle is the one where an income is recorded when it is actually earned and the expense is recorded when it is charged. The cash receipt and cash payment would be irrelevant in this concept.
Therefore, the principles related to accounting process has been explained as above.
Learn more about the accounting principles in the related link:
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Answer:
sole proprietorship
Explanation:
Based on the information provided within the question it seems that Sunita's business ownership in this scenario can be regarded as a sole proprietorship. This term refers to a business that is owned by a single individual who is personally responsible for the business as well as the debts that the business has incurred. Which seems to be the scenario as Sunita is the only owner and pays all the taxes and debts of the business.
Answer:
expected year-end dividend is 2.44
Explanation:
given data
rate of return = 10.25% = 0.1025
sells price = $57.50 per share
constant rate = 6.00% per year = 0.06
to find out
What is the expected year-end dividend, D1
solution
we will apply here sells price formula that is express as
sells price = Dividend in 1 year ÷ ( cost of equity - growth rate ) ................1
put here value we get
57.5 =
solve it we get
D1 = 2.44
so expected year-end dividend is 2.44
Answer:
Option d ($485,000) is the correct alternative.
Explanation:
When making the investment decision throughout the 220 model computer, the expense of the opportunity or chance seems to be:
= $485,000
As we know,
⇒ Opportunity cost = Return from alternative investment
i.e., $485,000
All other available options weren’t applied to the example mentioned. So, the solution above is the right one.
Answer:
net worth: 1.0 millions
Explanation:
the net worth of a bank is the result of subtracting the liabilities from his total assets:
Total Assets: 7.5 million (1.5 cahs + 6.0 note receivables)
Total Liabilities: 6.5 millions
net worth: 7.5 assets - 6.5 liabilities = 1.0 millions