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Elis [28]
3 years ago
8

Which of the following statements is CORRECT?

Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

c. The "apparent," but not necessarily the "true," financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed.

Explanation:

Financial statements are used to show the financial activity of a business within a given period.

One of the principles of a accounting is periodicity. This requires businesses to report their financial position at regular intervals consistently, and not in an inconsistent manner. So if a business reports their finances twice a year. At year end and at mid year, it is possible that at mid year due to seasonal sales performance will be high and business is perceived to be highly profitable.

But financial report at end of year in the off-season will show low performance.

So for seasonal businesses there can be apparent view of a business during the year that can change dramatically because of time at which reports are made.

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4 0
3 years ago
Which of the following items are initially recorded as an expense on the income statement?
Fantom [35]

The items that are initially recorded as an expense on the income statement are:

  • a. Research and development costs
  • b. Advertising costs

<h3>What is an Income Statement? </h3>

This refers to financial information that stores all the inflows and income that occurred over a period of time.

Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.

Read more about income statements here:

brainly.com/question/24498019

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6 0
2 years ago
A topographical map shows successively higher equal-elevation lines, whereas an indifference map shows successively higher level
Pavel [41]

Answer:

The correct answer is letter "A": utility.

Explanation:

The Indifference Map or Indifference Curve determines the combination of two goods that will provide equal satisfaction according to their utility. If you want more of one good and less of another you would be willing to trade some of one for more of the other. Plotted in a graph's upper right quadrant an indifference curve shows the curve on which changing amounts of a product create equal satisfaction levels.

5 0
4 years ago
What's a name idea for a blue lipe gloss?
Anit [1.1K]

Answer:

September Sapphire?

Explanation:

September Sapphire

Angelica

Ocean

Sky

8 0
4 years ago
Which of the following explanations argues that the Great Recession resulted from asset-price bubbles caused by euphoria and deb
ASHA 777 [7]

Answer:

Minsky Explanation

Explanation:

Based on the information provided within the question it can be said that the explanation that makes this statement is the Minsky Explanation. Which aside from arguing this, it basically states that reckless speculation is not able to sustain a bullish period and a sudden decline in market sentiment ultimately leads to a market crash every time.

6 0
3 years ago
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