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dalvyx [7]
3 years ago
7

Which accounting principle states that a company should "report expenses in the same period as the revenue they help generate"?

Business
1 answer:
Inga [223]3 years ago
6 0

Answer:

Matching concept

Explanation:

Matching concept states that revenue and cost should be matched with each other in the period they relate.

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Which of the following is not included in GDP?the payments for a chiropractor's servicescash income paid to a day laborer that i
Scilla [17]

Answer:

cash income paid to a day laborer that is not reported to the tax authorities

Explanation:

GDP stands for Gross domestic product. It is the  monetary value of all finished goods and services made within a country during a specific period.

It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports – imports).

Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP

8 0
3 years ago
A company purchased a piece of equipment for $350,000 in 2008. As of 12/31/2015, $215,000 of depreciation expense had been recog
zhuklara [117]

Answer:

The equipment's net book value on 12/31/2015 is $ 135000.

Explanation:

Net book value of the equipment on 12/31/2015 is given by:

Net book value = cost of the equipment - depreciation expense recognized until 12/31/2015

                          = $ 350000 - $ 215000

                          = $ 135000

Therefore, the equipment's net book value on 12/31/2015 is $ 135000.

7 0
3 years ago
A company paid $0.85 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $35.50. Its
natali 33 [55]

Answer: 2.4%

Explanation:

Cash dividend = $0.85

Earnings per share = $3.50

Market price per share = $35.50

The dividend yield will be calculated as:

= Cash dividends / Market price per share

= $0.85 / $35.50

= 0.024

= 2.4%

The dividend yield is 2.4%.

3 0
2 years ago
You are looking at three different job options, one in Pennsylvania, one in Texas, and one in New York. The offers are as follow
tamaranim1 [39]

Answer:

Texas will be a better option as the net pay after income tax is higher than the other cities.

Explanation:

To consider the after-tax wages we must subtract the income taxes from the salaries:

Pennsylvania after tax income: 62,000 x (1-3.07%) = 60,096.6

Texas after tax income:                                                 64,000

New York after tax income:   68,000 x ( 1 - 6.85%) =  63,342

5 0
2 years ago
Interest income received by a cash basis taxpayer is generally reported in the tax year it is received. True False
FromTheMoon [43]

Answer:

TRUE

Interest income received by a cash basis taxpayer is generally reported in the tax year it is received.

5 0
3 years ago
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