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Gennadij [26K]
3 years ago
15

Generally accepted accounting principles (GAAP) requires the expenses incurred to generate revenues be matched in the same perio

d.
True/False
Business
1 answer:
spin [16.1K]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

The matching principle of the Generally Accepted Accounting Principles (<em>GAAP</em>) states that the expenses a company incurs during a period must match with the revenues those expenses were incurred during the same period. This principle is usually implemented with the accrual accounting method leaving in clear that expenses are incurred to generate profit.

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When a factory is operating in the short run? a. average fixed cost rises as output increases. b. it cannot alter variable costs
Vadim26 [7]

No Variable costs occurs in the short run.

The average fixed cost of the production remains same till the output is produced and as the output increases or becomes to rise slowly.

It cannot alter the variable costs but can manage the total cost and variable cost by managing the marginal cost rest remaining the same.

The total expenses consist of the variable and marginal cost and fixed costs which are both short term and long term investments.

It cannot alter any other cost except these cost because they are attached with cost of production.

To learn more about operating cost here,

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8 0
2 years ago
A manager in a small office is asking if it is possible to limit network access to a particular website during business hours. A
AfilCa [17]

Answer and Explanation:

The best solution to accomplish the request from the manager while not limiting access to other website is simply to activate the firewall system from the main server. He proceeds by using a blacklist on that firewall and in other not to limit access to other websites, he just adds the site that users are spending excessive time on as a blacklist.

This would solve the problem and not affect other websites.

8 0
3 years ago
__________ is a direct lobbying technique used by interest groups to influence public policy.
amm1812
Good morning.

The answer is : Providing election support.


Good luck!
7 0
3 years ago
Read 2 more answers
On the morning of July 15, 2006, fourteen school buses were vandalized. The buses, property of Walt Whitman Middle School, were
Fofino [41]

Answer:

B. the lack of discipline of Edgar Allan Poe Academy students

Explanation:

3 0
3 years ago
Read 2 more answers
The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
tatiyna

Answer:

The $1,200,000 should be accounted for in Grove’s special revenue funds

Explanation:

Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.  

The computation of special revenue funds is shown below:

= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district

= $300,000 + $900,000

= $1,200,000

4 0
3 years ago
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