1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
3 years ago
15

Sylvia records the purchases of inventory in the current accounting period even though she will actually pay for the inventory i

n the next accounting period. Which accounting principle does she comply with?
A)business entity concept
B)cash based accounting principle
C)accrual basis of accounting
D)going concern concept
Business
1 answer:
Sergio [31]3 years ago
6 0

The answer is: C.accrual basis of accounting

Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.

You might be interested in
Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no li
mr Goodwill [35]

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

<h3>Who are corporate officers?</h3>

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

Learn more about corporate officers at,;

brainly.com/question/24518056

5 0
2 years ago
Embassy Club Condominium, located on the west coast of Florida, is undertaking a summer renovation of its main building. The pro
Vladimir79 [104]

Find the pictures in attachment

4 0
3 years ago
Sunland Company had the following department data: Physical Units Work in process, beginning 0 Completed and transferred out 909
ElenaW [278]

Answer:

Equivalent units of production= 98,700

Explanation:

Giving the following information:

Physical Units Work in process, beginning 0

Completed and transferred out 90,900

Work in process, ending 7,800

Materials are added at the beginning of the process.

<u>To calculate the equivalent units, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 0 + 90,900 + 7,800*1

Equivalent units of production= 98,700

Because the materials are added at the beginning of the process, the percentage of completion is 100%.

4 0
3 years ago
One implication of goal-setting theory is that goals should be: set by top management. relatively easy to achieve. set at a leve
slavikrds [6]

Answer:

set through a process that involves all persons responsible for formulating and implementing the goals.

Explanation:

Goal setting theory states that when there are specific and challenging goals along with appropriate feedback, there will be better performance of tasks.

Goal setting is a continous process that is improved by feedback of all stakeholders.

In setting goals performance is improved when the people that implement and formulate the goals are involved.

This will result in higher buy in to the process since all interested parties set the goals together.

6 0
3 years ago
Basic earnings per share is calculated as net income available to common shareholders divided by Multiple choice question. avera
Ratling [72]

Basic earnings per share is calculated as net income available to common shareholders weighted average common shares outstanding.

<h3>What is basic earnings per share?</h3>

Basic earnings per share is the share of a firm's net income that is available to each unit of its common outstanding shares. Basic earnings per share differs from diluted earnings because it excludes preferred shares from its calculations.

Basic earnings per share = (net income - proffered shares) / common outstanding shares

To learn more about  basic earnings per share, please check: brainly.com/question/7303176

3 0
2 years ago
Other questions:
  • The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be e
    6·2 answers
  • A project layout is: Group of answer choices
    9·2 answers
  • Samuelson has a beginning inventory balance on January 1 of 12,000 units and desires an ending balance of 20% of the next month’
    13·2 answers
  • unlike other types of play, dramatic play is purely for fun and is not meant to be a learning experience. True or False
    13·1 answer
  • Jack receives 30 utils from one apple, 45 utils from two apples, and 55 utils from three apples. It follows that the marginal ut
    12·1 answer
  • 1. Match the following terms with the options given in below:
    11·1 answer
  • Customers have become increasingly anxious about breaches of privacy, and it is essential for marketing researchers to _________
    8·1 answer
  • 6) Differences in create international trade
    15·1 answer
  • A $23 credit to sales was posted as a $230 credit. By what amount is the sales account in error?
    9·1 answer
  • The following merchandise transactions occurred during December for two different companies: Rippen
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!