Answer:
When prepaid insurance (or any other prepaid expense) is adjusted at year end in order to record accrued expenses, financial statements are affected in the following way:
- income statement: costs increase, decreasing profits
- balance sheet: assets and equity decrease
- cash flow statement: cash from operating activities increases
- owners' equity: decreases
The buyer value is a concept that is more important to the customers. This refers to the amount that the buyers are expecting out of the purchase of some goods. If I bought a book at a price of $40 then, I loss $10 in the process because as a buyer I expect to pay only $30.
<span>Cross cultural preparation refers to training employees on overseas work assignments to work through national and cultural boundaries.
When an employee is selected by the organization for the position in a foreign country. It must prepare the employee for the overseas work assignment. This is cross cultural preparation in which employee will be trained for overseas work assignments through national and cultural boundaries. </span>
Answer:
The correct answer is: scope.
Explanation:
Earned Value Management (<em>EVM</em>) is a helpful method that allows high-rank executives to measure the performance of their projects. It analyses the difference between the work planned in the project with the work performed. The three pillars of EVM are <em>scope, time, </em>and <em>cost information</em>. The scoping process implies a Work Breakdown Structure (<em>WBS</em>) where the initial plan is broken into micro levels for better analysis.
The three activities that are part of the function of accounting from the list of given options are:
- 2. classifying financial transactions
- 4. interpreting financial transactions
- 5. recording financial transactions
<h3>What is Accounting?</h3>
This refers to the term that is used to describe the process of recording financial transactions and also classifying them into proper categories for record purposes.
Hence, it can be seen that from the list of answer choices, when it comes to the area of accounting, three core functions from the list are given above and one of them is classifying financial transactions
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