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OlgaM077 [116]
2 years ago
10

The primary objective of expense recognition is to Promote comparability between financial statements of different periods. Prov

ide timely information to decision makers. Provide full disclosure. Record expenses in the period that related revenues are recognized.
Business
1 answer:
Mumz [18]2 years ago
8 0

Answer:

Record expenses in the period that related revenues are recognized.

Explanation:

Revenues are recognized when earned, not necessarily when cash is received.

According to the accrual basis accounting, transactions are recorded in the periods in which the event occur. Companies recognize revenues when they perform services or sell products (rather than when they recived cash). Expenses are recognized when incurred (rather than when paid).

This principal is in accordance with generally accepted accounting principles (GAAP).

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Answer:

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Explanation:

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3 years ago
carmax has developed an organization focused on delivering value to its customers. what were the drawbacks of the way carmax was
Vika [28.1K]

The drawbacks of the method adopted by CarMax were related to target markets and their Core values, market competencies, idea of Test drives before purchase of product, emergence of competitive companies with their Competitive products and development of a sustainable competitive edge.

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5 0
1 year ago
Dentaltech Inc. projects the following data for the coming year. If the firm follows the residual dividend policy and also maint
sleet_krkn [62]

Answer:

37.2%

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Dentaltech Inc. has payout ratio of 37.2%

3 0
2 years ago
Determine the amount of teller cost in total and the average teller cost per transaction for a branch that processes 55,000, 65,
lapo4ka [179]

Answer:

Teller cost is a variable cost.

Explanation:

As shown in table attached below.

3 0
3 years ago
Plz help..What is a bank overdraft? ​
Oksana_A [137]

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An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. ... Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft

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