1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dedylja [7]
4 years ago
8

In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company

provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies Apple's use of:
1) Conservatism
2) Matching
3) Realization principle
4) Economic entity
Business
1 answer:
IrinaVladis [17]4 years ago
6 0

Answer:

2) Matching

Explanation:

The matching principle refers to that principle at which the revenues that are recognized in the particular year should be matched with the expenses that are incurred in that particular year

According to the given scenario, it talks about the matching principle at which the expenses are to be reported when the related revenue is recognized

Therefore, it follows the matching principle.

You might be interested in
Does the United States’ labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in our
tensa zangetsu [6.8K]

Answer:

The labor market operates in the US and other free-market systems according to the laws of supply and demand. Workers or laborers offer their time to the marketplace for a price. Business firms have a demand for labor of various kinds at various prices.

Explanation:

6 0
4 years ago
Read 2 more answers
______ is currently the most popular network standard for lans.
natka813 [3]
Ethernet is currently the most popular network standard for LANs. LAN stands for Local Area Network<span> . Ethernet is the most widely used technology to interconnect computers </span><span> in a computer </span>network<span>  within a limited are (building, university, school,...)
</span>Ethernet is a link layer<span> protocol in the </span>TCP/IP stack. It <span> describes how networked devices can format data for transmission to other network devices on the same network segment, and how to put that data out on the network connection. </span>
6 0
4 years ago
How much education is needed to be a fast food manager?
GalinKa [24]
They need to know how to run the fast food place. Editcational wise none.
6 0
3 years ago
At August 31, Sheridan Company has a cash balance per books of $10,100 and the following additional data from the bank statement
LUCKY_DIMON [66]

Answer:

$9,045

Explanation:

                                       Sheridan Company

                             Bank Reconciliation Statement

                                               August 31

Particulars                                                               $                       $

Cash balance per books                                    10,100                          

Add: Earned interest on checking account <u>           40  </u>              10,140

Less: Check printing fee                                         (35)

         Outstanding checks                              <u>    (1,060) </u>          <u>    (1,095)</u>

Adjusted cash balance per books                                               9,045

Notes:

1. Since Sheridan company does not know the information of interest earned, that is why the company have to add "Interest earned" with the cash balance.

2. Again, as the printing charge has been deducted by the bank, therefore, the company should deduct it from the cash book balance. Usually, outstanding checks deducts from the cash book balance.

7 0
4 years ago
How does immigration not lead to poverty?
Ira Lisetskai [31]

Answer:

Poverty rates and median family income

Indeed, the poverty rate of recent immigrants is more than twice that of U.S. natives. Because of this, at any point in time, the poverty rate would most certainly be lower in the absence of immigration. Also, increasing the immigrant share will raise the poverty rate.

Explanation:

have a great day

7 0
3 years ago
Other questions:
  • When setting your schedule, it is sometimes necessary to tell people "No." Please select the best answer from the choices provid
    10·2 answers
  • Say you take out a loan with a principal of $44,500. The interest rate is 13.11%, compounded monthly. If you make consistent mon
    7·2 answers
  • Einstein bought a property from Plato. Einstein agreed to pay Plato $1615 per month for the next 15 years. Then the total balanc
    7·1 answer
  • Ceteris paribus, based on the aggregate demand curve, if the price level _______ the quantity of real output _______ increases.
    15·1 answer
  • The next dividend payment by Hoffman, Inc., will be $2.80 per share. The dividends are anticipated to maintain a growth rate of
    7·2 answers
  • Portman Industries just paid a dividend of $2.40 per share. The company expects the coming year to be very profitable, and its d
    8·1 answer
  • Over 50% of Americans have no long-term savings. Why do you think it's so
    15·1 answer
  • Webster Corporation's monthly projected general and administrative expenses include $4,500 administrative salaries, $1,900 of ot
    15·1 answer
  • Why should you avoid sending or receiving private email at work?
    15·2 answers
  • Which payment option would be best for the laptop and for the refrigerator? rent-to-own; installment installment; rent-to-own re
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!