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
timofeeve [1]
4 years ago
7

Using accrual accounting, expenses are recorded and reported only: when they are incurred whether or not cash is paid. when they

are incurred and paid at the same time. if they are paid before they are incurred. if they are paid after they are incurred.
Business
1 answer:
WINSTONCH [101]4 years ago
6 0

When they are incurred, whether or not cash is paid.

This is different from the cash method of accounting which records transactions when things are sold for cash or expenses are paid in cash.

You might be interested in
Which of the following refers to the costs of production that fluctuate depending on the number of units​ produced? A. Total cos
Natalka [10]

Variable cost refers to the costs of production that fluctuate depending on the number of units​ produced.

<h3><u>Explanation:</u></h3>

The cost of any product that changes based on the quantity of goods that are produced. The volume that is produced decides the fluctuations in the variable cost. Fixed cost is the cost that will not change based on the number of units of the goods that is produced. Rent of a building can be considered as a fixed cost.

Example for variable cost may be raw materials cost, packaging cost,etc. Variable cost can be calculated by adding up the cost of labor and raw materials that are used in the production of one unit of a good. The total variable cost can be calculated by multiplying   variable cost per unit with the number of units produced.

3 0
3 years ago
Aiello, Inc. had the following inventory in fiscal 2016. The company uses the LIFO method of accounting for inventory. Beginning
quester [9]

Answer:

The correct answer is B. $1,800.00

Explanation:

LIFO Perpetual table is attached.

The table shows purchases, sales and balance of each period.

As the final inventory is 120 units, we suppose the sales of the year.  Applying LIFO,  our ending inventory cost is 120 units, each one at $15

So,  total cost is $1800 (120* 15)

Download xlsx
8 0
4 years ago
Sales Transactions and T Accounts Using T accounts for Cash, Accounts Receivable, Sales Tax Payable, Sales, Sales Returns and Al
MA_775_DIABLO [31]

Answer:

Payment id received for merchanise sold on account

4 0
3 years ago
PLEASE HELP ME WITH THIS PLS PLS PLS
AveGali [126]
The first once is c and and is a
3 0
2 years ago
Having in mind the pandemic, should a company reduce its leverage in order to add value to its shareholders? and why?
tensa zangetsu [6.8K]

Answer:

No, taking into account the pandemic, companies should not reduce their leverage, as this would make it very difficult for small and medium investors to invest in a context of lack of income and shortage of available circulating money.

Therefore, leverage implies the possibility for investors to access the necessary funds to be able to invest their money, without the need to dispose of their savings or the money they use for essential activities.

8 0
3 years ago
Other questions:
  • Would you be interested in subscribing to 100 mbps ftth for a monthly price of $75? why or why not?
    12·1 answer
  • _____ refers to the actions of consumers directly involved in obtaining, consuming, and disposing of products, and the decision
    6·1 answer
  • Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D
    14·1 answer
  • When a company brings capital and/or technology to a host country, the host country benefits from the Group of answer choices re
    13·1 answer
  • PLSSSSSS I NEED THIS ASAP
    7·2 answers
  • The primary purpose of measuring the overall level of prices in the economy is to
    5·1 answer
  • What are the key choices a company must make before reaching the final decision to go global?
    12·1 answer
  • Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is
    6·1 answer
  • Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determi
    6·1 answer
  • Select the behavior that does NOT represent an example of a speaker effectively preparing for a lecture.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!