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4 years ago

9

Select the correct answer. Which element is part of indirect compensation? A. basic pay B. bonus C. stock options D. subsidized

housing

1 answer:

Oduvanchick [21]4 years ago

3 0

A is the correct answer for me for u I don’t know

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The following terms relate to the fundamental qualities of useful information. Match the key letter of the correct term with the

Bumek [7]

Answer:

1. Providing information that is not biased toward one position or another.

c. Neutral

As an accountant, you cannot prepare, record or select information in order to favor someone's personal interests.

2. Providing information before it loses its capacity to influence decisions.

d. Timely

Information must be available when it can influence future decisions. E.g. having a 2010 cost report today is useless if you are preparing next year's budget.

3. Providing information that is proven to be free from error.

b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

4. Providing information that would make a difference in a business decision.

g. Relevant

Relevant information should be material and be either predictive or confirmatory.

5. Provide information that accurately depicts what really happened.

b. Faithful representation

Faithful representation means that information must be accurate, complete, neutral, and free from errors.

6. Providing information that confirms or corrects prior decisions.

a. Confirmatory value

It can be used to check, confirm or correct prior reports or evaluations.

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3 years ago

Sheridan Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the trans

Andre45 [30]

Answer: Explanation:

We debit the contributed assets and credit the capital account

cash 11,290 debit

equipment 2,740 debit

capital account 14,030 credit ( 11290 + 2740)

we debit the asset and recognize the payable amount

supplies 450 debit

account payable 450 credit

we debit the assets and credit the revenue

cash 1,303 debit

account receivable 689 debit

service revenue 1,992 credit (1303 + 689)

we debit the expense and credit the asset we use to pay it

rent expense 634 debit

cash 634 credit

we debit the expense and credit the consumed asset

supplies expense 187 debit (450 purchase - 263 at hand)

supplies 187 credit

8 0

4 years ago

On march 1, year 1, roland doe bought 200 shares of gummit stock at $40 per share. on april 1, year 2, roland sold short (sold w

laiz [17]

Answer:

1,000 long term capital gain

Explanation:

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4 years ago

Imari brown is attending community college. she has 1000 of educational expenses. she claims herself on her tax return. she is t

wlad13 [49]

Imari Brown should choose $1,000 tax credit since it reduces her taxes by $1,000. Tax credit is a big help for her because it can also reduced her tax by $1000, it is a big saving to her since she still attending community college.

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4 years ago

Which of the following statements correctly describes how accounting helps managers? Select one: a. Accounting provides better w

il63 [147K]

Answer:

The correct answer is letter "B": Accounting centralizes and organizes processes.

Explanation:

Managerial Accounting is internally-based accounting that helps managers measure the results of their decisions. This is in contrast to financial accounting which emphasizes in more general, higher-level financial results of the company.

One common managerial accounting tool in determining the profit margin in each of the company's products. This information helps managers set product prices and ensure they are making appropriate profit margins.

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3 years ago