This is a classic example of what is termed "Pork" or "Pork barrel politics". Pork is when a legislator tries to divert federal funds to projects in their districts or State. These funds provide jobs and income for his constituents who the will repay him with votes in the next election.
The amounts for recording properties and services purchased by a business are determined using the cost concept.
<h3>Which principle determines the amount initially entered into the records for purchases?</h3>
A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.
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Answer:
a. Rao indorses his payroll check in blank.
Explanation:
There are many types of indorsements, and out of them one is "Trust Indorsement"
Trust Indorsement is an indorsement to a person who can use the funds for the benefit of the indorser.
Example:
Brian indorses a check to his employee Denny "Payable to Denny, as agent for Brian", This is an example of trust indorsment.
Option b and c are clearly examples of trust indorsements in which you can notice that Rao has indorsed his lawyer and accountant "as agent for Rao".
Whereas, option a is NOT a trust indorsment but rather a "Blank Indorsement"
Blank Indorsment is an indorsement that doesn't have any particular indorsee and only has a signature on it.
Answer:
Option D
Explanation:
This is the group whom the researcher wants to know more about and to draw inference from.
