The answer would be false because they wouldnt be making any money off the ads if their paying whatever their suppose to earning
Answer: $205,100
Explanation:
Cost of materials is the total amount spent on the materials that were used for production in the current period.
Formula is:
= Beginning raw material inventory + Raw material purchases - Ending raw material inventory
= 53,200 + 210,000 - 58,100
= $205,100
Explanation:
In this case, it is incorrect to wait until payment to record the expense, as organizational accounting is essential in an organization so that there is a record and control of organizational financial transactions so that companies can obtain information about the business and take reasoned decisions based on the current reality of the company.
Therefore, all income and expenses for the period must be recorded in accounting so that there is real information about an organization's movements in a period.