e)average fixed cost must be constant
Answer:
May 1, 2020 - No Entry
Explanation:
IFRS 15 requires an entity to recognise revenue <em>when</em> entity transfers the goods or services to the customer.
Transfer of the mower happens on May 31, 2020, this is the date at which Revenue is recognised.
The cash is also paid on May 15, 2020, according the <em>accruals concept</em>, no entry must be done on May 1,2020. Only when the payment occurs should there be a record in Vaughn books.
Lack of financial resources and corruption
The banking-related entity shares similarities with the purpose and function of the ncua is " Federal Credit Union".
<h3>
What do you mean by NCUA?</h3>
The term NCUA is defined as the National Credit Union Administration. It was established on 10 March, 1970.
Moreover, NCUA insures credit union accounts. while the FDIC provides federal insurance for bank accounts.Both the Federal credit union and NCUA come with the same limits on insurance coverage.
Adding to it, the Credit unions were gaining popularity and popping up all over America, but it was only in the 1930s that the credit union movement achieved federal recognition and national acceptance.
Learn more about NCUA, refer to the link:
brainly.com/question/13703439
#SPJ4
