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V125BC [204]
4 years ago
10

The question of when revenue should be recognized on the income statement (according to GAAP) is addressed by the:Select one:a.

Revenue recognition principle.b. Going-concern principle.c. Objectivity principle.d. Business entity principle.e. Cost principle.
Business
1 answer:
Nitella [24]4 years ago
3 0

Answer:

a. Revenue recognition principle

Explanation:

Revenue recognition principle clearly states the circumstances and conditions under which and when the revenue earned shall be recognized in income statement as per accrual basis.

As a common rule, it is established that when the risk and reward of the product is transferred to the customer, then the revenue shall be recognized, and revenue from monetary transactions like, interest and dividend are based on different rule.

Therefore, correct option is

a. Revenue Recognition Principle

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What’s the best way for the FED (Federal Reserve Board) to create a tight money market? Buy government bonds and sell government
Triss [41]

Answer: Sell government bonds and raise the discount rate

Explanation:

Fed uses open market operations for controlling the money supply in the economy. If fed wants to create a tight money market then it should sell the government securities to the public which will reduce the money supply in the economy. It is known as contractionary monetary policy.

Discount rate is defined as the interest rate on the discounted loan. If there is an increase in the discount rate then it will be more expensive for the banks to borrow from Fed and hence they borrow less. This will decrease the lending capacity of the banks which reduces the money supply in an economy.

Therefore, Sell government bonds and raise the discount rate are the best ways to contract the money supply.

4 0
3 years ago
The Davidson Corporation's balance sheet and income statement are provided below. Please answer the following questions:
Katen [24]

A

im jus getting points

8 0
4 years ago
Mi familia y yo fuimo al cine y noscoperamo papra la entrada que fue $245 si mi hermana dio 1/5 del total mientras yo di 4/10 y
Blizzard [7]

Answer: (55 x 30) + 245 = 1895

Explanation:

translation from spanish to english: My family and I went to the movies and we collected for the entrance that was $ 245 if my sister gave 1/5 of the total while I gave 4/10 and my father gave the rest how much money each one contributed.

Spanish:

la parte superior es la respuesta, espero que esté bien.

english:

the top is the answer, hope it was right.

7 0
3 years ago
Elizabeth is a chef and the kitchen manager in an upscale restaurant. she is very knowledgeable in both the culinary and restaur
allsm [11]

Because she possesses these technical skills, Elizabeth can be considered a <u>"knowledge"</u> worker.


A knowledge worker is any individual who works professionally at the errands of creating or utilizing knowledge. For instance, a knowledge laborer may be somebody who works at any of the assignments of arranging, obtaining, looking, breaking down, sorting out, putting away, programming, dispersing, advertising, or generally adding to the change and business of data and those (frequently similar individuals) who work at utilizing the information so created.  

Knowledge work can be separated from different types of work by its accentuation on "non-schedule" critical thinking that requires a mix of concurrent and unique thinking. Yet in spite of the measure of research and writing on information work, there is no brief meaning of the term.

7 0
3 years ago
What was the impact of the Industrial Revolution on the material standard of living in Europe and America? Who benefited the mos
AlladinOne [14]

Answer:

Manufactured Goods become Inexpensive and hence purchasing power of the people increased.

Capitalist benefits most from this, whereas living standard goes down for other classes.

Explanation:

No explanation needed

4 0
3 years ago
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