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3 years ago

"according to the ______ method of accounting, revenues are recognized when they are earned"

Business

1 answer:

ZanzabumX [31]3 years ago

6 0

Answer:

the correct answer is accrual-basis

Explanation:

"according to the accrual-basis method of accounting, revenues are recognized when they are earned"

good luck

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Sometimes conflict can be healthy critically discuss the statement

Ad libitum [116K]

Answer:

Yeah that's right, sometimes conflict can be healthy and have good effect on us like:

awareness, presence of mind, being alert and strong and changing your life into better one's. Conflicts help you to develop oj how you see the world as where you live. It helps us to become strong and intelligent everyday.

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3 years ago

20.While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording

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Answer:

You need to deduct $450 from the company's cash balance. Since the check was received from a client, it covered an accounts receivable, so the adjusting entry should be as follows:

XX/YY, adjusting entry to reconcile checking account:

Dr Accounts receivable 450

Cr Cash 450

Accounts receivable and cash both have debit balances, and since you want to increase accounts receivable you must debit it, while you must credit cash in order to decrease it.

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4 years ago

Employing case managers to do home-visits for patients whose asthma is not well-controlled despite health education and medicati

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Employing case managers to do home-visits for patients whose asthma is not well-controlled despite health education and medication is an example of Innovative clinical prevention.

<h3>What is Innovative clinical prevention?</h3><h3 />

These refer to any methods that are used to ensure that people's health conditions do not get worse.

They are especially useful in cases where health education and medication are not working as is the case with these asthma patients. The case managers can ensure that the patients get the best care by doing home-visits.

Find out more on clinical prevention methods at brainly.com/question/2946273

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1 year ago

Is Mark Zuckerburg a robot? cuz he sure looks like one

iris [78.8K]

Answer:

he is lol

Explanation:

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2 years ago

Read 2 more answers

David owned a building worth $1,500,000. He has debt service of $7,500 per month, of which 90% is interest. He has a potential r

Zina [86]

Answer:

$378,374

Explanation:

Vacancy rate is 7% of gross rental income.

Operating expenses are 40% of effective gross income, which gross rental income less vacancy allowance.

Depreciation, reserve and interest expenses are deducted to arrive at tax charge, these are added back in net income after tax and total debt service is deducted to arrive at after-tax cash flow on the building. Calculation is performed below:

Rental Income 900,000

Less: Vacancy Loss (900,000*7%) <u> (63,000)</u>

Effective Gross Income 837,000

Less: Operating expense (837,000*40%) (334,800)

Less: Reserve (30,000)

Less: Depreciation (50,000)

Interest (7,500*90%) (6,750)

Net Income before tax 415,450

Tax @ 28% <u>(116,326)</u>

Net Income 299,124

Add Back:

Depreciation 50,000

Reserve 30,000

Interest 6,750

Less: Debt service <u>(7,500)</u>

After tax cash flow on the building <u>378,374</u>

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3 years ago