Answer:
Accrual basis accounting.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is accrual basis accounting.
Answer: A is the answer
Explanation: a person who owns something along with one or more others
the co-owners of the property
Answer:
Y : Z = 3 : 1
Explanation:
Given:
X's share = 2/3
Y's share = 1/4
Z's share = 1/12
Find:
New ratio, when X retires
Computation:
X retires , So remain partners are 'Y' and 'Z'
Y's share = 1/4
Z's share = 1/12
Y : Z = 1/4 : 1/12
By taking LCM:
Y : Z = 3/12 : 1/12
Y : Z = 3 : 1
Answer:
The new rate of return is 15.4%
Explanation:
The reviewed estimate on the rate of return on the stock will be:
• Beforehand
• 14% = α + [4%*1] + [6%*.4]
α = 7.6%
• With the changes:
• 7.6% + [5%*1] + [7%*.4]
Now a new rate of return is 15.4%
Answer:
I would encourage them ,show them how the work is done and tell them to keep working harder
Explanation: