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3 years ago

An emphasis is placed on proper income statement item recognition under what approach under US GAAP?

Business

1 answer:

Over [174]3 years ago

3 0

Answer:

Revenue /expense approach

Explanation:

As we know that the income statement recognized only the revenues and the expenses and if the revenue is more than the expenses so the company is earning profit else it would suffered loss

So for proper income statement, the item recognized under US GAAP should be placed in revenue and expense approach as it comes under the income statement and the same is to be considered

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Which is not a common product marketing techniques?

KatRina [158]

The four common product marketinf techniques are Product, Placement, Promotion, and Price. they are referred to as four elements of marketing. in this case, preparation is not included in the group. Preparation is not a marketing technique as this is a necessity for all businesses.

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4 years ago

On May 1, Ramona and Santonio orally agree that Santonio will guide a party from the base of Mount McKinley to its summit and fr

yan [13]

Answer:

1.Contract is express

2.Contract executory

Please explanation below.

Explanation:

1)Contract is Expressed

Expressed contract consist of agreement in which terms are stated by parties either orally or in written .

2) The contract is executory

Since contract is performed only by Santonio and since Ramona will make payment on 1 june ,on 31 may it is still to be performed by ramona so the contract is executory (only part performance is made) .An executory contract is a contract that has not yet been fully performed or fully executed. It is a contract in which both sides still have important performance remaining.

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3 years ago

Which of the following are functions of a small firm? I. The provision of goods and services. II. The offering of personalised s

Mumz [18]

Answer

i and ii

Explanation:

they provide goods (i)

because they are small it can be personalised

6 0

4 years ago

Richland Enterprises has budgeted the following amounts for its next fiscal year: Total fixed expenses $ 51 comma 000 Selling p

kogti [31]

Answer:

The company will need fewer units to break even.

Explanation:

Giving the following information:

Total fixed expenses $51,000

Selling price per unit $45

Variable expenses per unit $25

New fixed costs= 51,000 - 12,120= 38,880

First, we need to calculate the actual break-even point. After that, determine the effect of the reduction on fixed costs.

Break-even point= fixed costs/ contribution margin

Break-even point= 51,000 / (45 - 25)

Break-even point= 2,550 units

Now, with fixed costs= 38,880

Break-even point= 38,880 / (45 - 25)= 1,944

The company will need fewer units to break even.

3 0

3 years ago

When Allison Logue found out her children were allergic to corn, she started looking for sweets and starches that were corn-free

sladkih [1.3K]

Answer:

micropreneur

Explanation:

Based on the information provided within the question it is apparent that Allison Logue is an example of a micropreneur. This term refers to any entrepreneur that decides to create and manage a very small business as well as undertaking all the benefits and risk associated with it. These small businesses allow the owner to follow a very strict design and also have a balanced life outside business as it does not require as much time investment as bigger business'.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

4 years ago