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
saul85 [17]
3 years ago
9

Under the accrual basis of accounting:_________.

Business
1 answer:
madam [21]3 years ago
7 0

events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

Answer: Option C.

<u>Explanation:</u>

Accrual basis is a technique for recording bookkeeping exchanges for income when earned and costs when brought about. A key bit of leeway of the collection premise is that it matches incomes with related costs, so the total effect of a business exchange can be seen inside a solitary announcing period.

Accounting method that records incomes and costs when they are brought about, paying little heed to when money is traded. The expression "accrual" alludes to any individual section recording income or cost without a money exchange.

You might be interested in
Douclamp, a steel manufacturing company, makes small investments in three iron ore plants in different cities. When one of the p
Bess [88]

Answer: Options-based planning

Explanation:

The Option based planning is one of the concept that helps in maintain the flexibility of the various types of plans for making the various types of investments.

The main purpose of the option based planning is that it helps in maintaining the slack resources are are specifically used in the for  of extra resource for the purpose of adapting the various types of changes and also the problems.

According to the given question, the Douclamp is one of the type of manufacturing company that basically making small level of investments on the iron ore plant.

Therefore, Douclamp is using the options based planning based on the given scenario.  

8 0
3 years ago
Assume rocky mountain railway is considering hiring a reservations agency to handle passenger reservations. The agency would cha
meriva
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
6 0
3 years ago
10.3. Gadgets are produced and sold in a competitive market. When there is no tax, the equilibrium price is $20 per gadget. The
ANEK [815]

Answer:

isΔ PdΔ Ps=EQs, PEQd,PAs given in the question, 40=EQs, P−0.5This perfectly elastic supply shows the burden of tax is imposed completely on the consumer, indicating the elasticity of supply is infinite.

6 0
3 years ago
Alton works in Energy Transmission. At which location could Alton possibly work?
vovangra [49]
He could possibly work on power lines because it used electrify with creates energy transmission
7 0
3 years ago
Read 2 more answers
A company has 1,000 shares of $50 par value, 4.5% cumulative and nonparticipating preferred stock and 10,000 shares of $10 par v
Kobotan [32]

Answer: $3500

Explanation:

Preferred stock:

Number of shares = 1000

Par value = $50

4.5% cumulative

Common stock:

Number of shares = 10000

Par value = $10

Total first-year cash dividend paid = $1000

The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Preferred Stock dividend = 1000 × 0.045 × 50 = $2250

Unpaid dividend from year 1 = $2250 - $1000 = $1250

Year 2 dividend = $2250

Total dividend due in year 2 = $(1250 + 2250) = $3500

3 0
3 years ago
Other questions:
  • On January 1, ABC started the year with a $400,000 balance in Retained Earnings and a $550,000 balance in Common Stock. During t
    10·1 answer
  • The following is the adjusted trial balance of Wilson Trucking Company.
    10·1 answer
  • How does racial wealth gap affect families
    12·2 answers
  • A restaurant chain has used data mining to determine that its hot dogs are unpopular with diners. Therefore, it reduces its orde
    10·1 answer
  • Advise the Sampsons on the maturity to select when investing their savings for their children’s education. Describe anyadvantage
    15·1 answer
  • On March 1, 2022, Wildhorse Company acquired real estate, on which it planned to construct a small office building, by paying $9
    13·1 answer
  • All of the following information should be researched before a job interview EXCEPT what?
    8·2 answers
  • Countryside Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 2% of net
    7·1 answer
  • ________ models assist top-level managers in long-range planning, such as stating company objectives or planning plant locations
    7·1 answer
  • The revenue for a firm is $2,500,000. its cost of revenue is $850,000, and its average inventory for the year is $62,000. (round
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!