Answer:
C. Gatsby shows Nick a medal from Montenegro
Explanation:
Nick went for a lunch with Gatsby wherein the latter recounts his story on drive, which is hard for Nick to believe.
To substantiate his narration and to take Nick into confidence, Gatsby hands over to Nick, various articles such as his old university days photograph, the medal he won at Montenegro.
The latter i.e the medal convinces Nick that Gatsby might have told the truth about his background, in the story he just narrated.
B, to avoid potential liability issues
Answer:
$110,000
Explanation:
Calculation for How much was stockholders' equity at the end of the year
Beginning balance of stockholders' equity $40,000
Add net income $90,000
Less the dividends paid ($20,000)
Ending stockholders' equity $110,000
Therefore How much was stockholders' equity at the end of the year is $110,000
Answer: D. Matching principle
Explanation:
The matching principle simply states that organizations or businesses should recognize both the revenues that the company makes and their related expenses that are incurred by the company in same accounting period.
The main idea behind the matching concept is so that earnings that are made by a business will not be misstated.