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Digiron [165]
3 years ago
11

What is meant by consistency when discussing financial accounting information?

Business
1 answer:
goblinko [34]3 years ago
6 0

Answer:

The correct answer is letter "A": Information presented by a company applies the same accounting treatment to similar events, from period to period.

Explanation:

In accounting, consistency is the principle that states a company must use an accounting method for book-keeping its transactions and the same method should be used from one period to the following. However, the consistency principle allows the company to change the current method for a more preferred method.

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olganol [36]

Answer:

thats a hard one

Explanation:

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3 years ago
In profit centers a. ​Managers' decisions can affect other divisions b. ​Managers typically do not have the information to run t
qaws [65]

Answer:

c

Explanation:

i think that it is hard to see how a manager works

8 0
3 years ago
An accounting entry that is characterized by having multiple debits​ and/or multiple credits is called a​ ________ entry. A. com
mario62 [17]

Answer:

A. compound journal entry

Explanation:

Compound journal entry -

It refers to the type of accounting entry , which consists of more than one debit or credit , is referred to as compound journal entry .

It is the combination of various simple journal entries together to form a compound journal entry .

Hence , from the given information of the question,

The correct option is A. compound journal entry .

8 0
3 years ago
uzz Appliances manufactures two products: Food Processors and Espresso Machines. The following data are available: ​ Food Proces
KonstantinChe [14]

Answer:

It will produce 1,500 espresso

and 1,800 food processors

Explanation:

\left[\begin{array}{ccc}&$processors&$espresso\\$Sales&155&245\\$Variable&90&180\\$CM&65&65\\$Constrain resource usage&0.5&0.333\\$CM per constrain&130&195\ \end{array}\right]

As the espresso provides more contribution per machine hours is better to first fullfil the demand for this product:

1,500 espresso / 3 per hous = 500 hours on espresso

1,400 - 500 = 900 hours to produce food processors

outcome: 900 x 2 = 1,800 units

5 0
3 years ago
In terms of the evolution of the internet, Web 2.0: Group of answer choices created online communities that connect buyers and s
Sever21 [200]

Answer:

In terms of the evolution of the internet,Web 2 point zero created online communities that connect buyers and sellers in new ways

Explanation:

Web 2 point zero as the name suggests is the second phase of internet advancement in that it transforms the internet from static web page into dynamic content as well as with the growth of social media channels.

Besides,the social media channels serve as platform for prospective sellers and buyers to connect and by extension to perfect business deals, thereby breaking the barriers of physical presence and the need to be operate in the same time zone.

6 0
3 years ago
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