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Akimi4 [234]
3 years ago
10

Which of the following statements about cash basis accounting and accrual basis accounting is correct? Multiple Choice

Business
1 answer:
Fynjy0 [20]3 years ago
6 0

Answer:

d. Accrual basis accounting provides a better measure of operating performance than cash basis accounting.

Explanation:

Accrual basis accounts for the transactions related to the transactions of the company during the period and related to the period, whereas anything which only involves cash inflow or outflow is only reported under cash system.

Therefore, accrual basis is more transparent and logical in realizing and computing the net income, and analyzing the performance of the company.

Therefore, correct answer is statement d.

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Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! B
Aleonysh [2.5K]

Answer:

It seems that someinformation is missing, nevertheless, it is possible to calculate the market value of the firm if you have the total number of shares.

Explanation:

In this case, if the question says that the "outstanding shares" haven't changed, it means that the total number of shares neither, therefore it is possible to get the market value by multiplying $180 (the stock price for 1 share) per the total number of shares

5 0
3 years ago
Kylah tracy and sam and wonka i need you
dimaraw [331]

Hope they help you take care

3 0
2 years ago
Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad
hoa [83]

Answer:

$3,700

Explanation:

Given that

Adjusted gross income for the year 2019 = $415,300

Children ages = 4, 7, and 18 as dependents

Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is

= (Maximum amount per qualifying child + non-refundable tax credit) - (deductible amount × age)

= ($2,000 × 2 + $500) - ($50 × 16)

= $4,500 - $800

= $3,700

After $400,000 the $50 is decreased for each and every $1,000

5 0
3 years ago
The Federal Arbitration Act (FAA) allows for arbitration clauses in employment contracts. False True
Pepsi [2]

Answer:

True

Explanation:

It is TRUE that the Federal Arbitration Act (FAA) allows for arbitration clauses in employment contracts.

The above statement is echoed in the Epic Systems Corp. v. Lewis on May 21, 2018, where the Supreme Court gave its ruling that the FAA is totally enforceable in the individual arbitration agreements contracts.

Similarly, in the case of American Express Co. v. Italian Colors Restaurant, the court ruled that necessary arbitration clauses are legal.

6 0
3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 45 frozen dinners.
ivolga24 [154]

Answer:

0.56

Explanation:

Opportunity cost refers to the alternative forgone from a list of preference. It is a concept in economics developed as a result of the scarce resources available to satisfy unlimited wants.

Since the family can afford either 80 cans of beans or 45 frozen dinners.

it means that for every 1 can of beans purchased, 45/80 frozen dinner will be let go or not be purchased. Also, for unit of frozen dinners purchased, the family sacrifices the purchase of 80/45 cans of beans.

Hence the opportunity cost of a can of beans in terms of frozen dinners in the time frame

= 45/80 frozen dinner

= 0.5625

to 2 decimal place = 0.56

5 0
3 years ago
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