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Kazeer [188]
3 years ago
5

The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the perf

ormance obligation is satisfied is the :
A) expense recognition principle.
B) periodicity assumption.
C) revenue recognition principle.
D) accrued revenues principle.
E) going concern assumption
Business
1 answer:
Allisa [31]3 years ago
5 0

Answer: (C) Revenue recognition principle

Explanation:

The revenue recognition is one of the type of principle that help[s in understanding the various types of accounts based guidelines that helps in identifying the particular condition in which the revenue is basically recognize.

The importance of third principle is that it helps in ensure the actual loss or the profit Margin that maintains the financial credibility.

According to the given question, the revenue recognition principle basically accepting the various types of accounting principle that helps in satisfying the performance obligations.      

Therefore, Option (C) is correct answer.

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NextStep Global is a consultation firm that specializes in preparing businesses for international negotiations. What action is N
JulsSmile [24]

Answer:

Ensure a senior executive is present at business negotiations

Explanation:

The action action NextStep Global is likely to suggest in order to ensure influence at the headquarters is that a senior executive is made available at round-table negotiation discussion at the headquarters so as to bring the desired influence.

The rationale for this is that the set of people whose work station is the headquarters are senior people,hence would not be disposed with having discussions with just a mere employee who cannot be said to represent the company.

3 0
3 years ago
If a nation is going to achieve and sustain a high rate of economic growth, it must
Marina86 [1]

Answer:

I think the answer is 3.

Explanation:

For a high economy, a nation must have wealth (well there are other factors too) and for wealth it must have a mechanism for attracting savings and channeling the for money and slowly slowly the economy will start growing.

5 0
3 years ago
How to answer questions
77julia77 [94]

Answer:

click someones name and click add answer

Explanation:

7 0
3 years ago
One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.
DiKsa [7]

Answer:

Cash available after the final deposit 41,463.52

Explanation:

Principal * (1+ r)^{time} = Ammount

12,000 * (1+ .055)^{5} = Ammount

The 12,000 capitalize for 5 years

15,638,52

15,000 * (1+ .055)^{1} = Ammount

Capialize for 1 year

15,825

10,000 this deposit doesn't capitalize is deposit to complete and purchase the equipment

15,638.52 + 15,825 + 10,000 = 41,463.52

5 0
4 years ago
Job shops in manufacturing use specialized equipment. <br> a. true <br> b. false
anastassius [24]

The statement is <u>false</u>.

Job shops are usually small manufacturing structures that manage task manufacturing, this is, custom/bespoke or semi-custom/bespoke production processes consisting of small to medium-length consumer orders or batch jobs. activity shops commonly pass directly to one-of-a-kind jobs (probable with extraordinary clients) while every job is finished.

Job shops are usually corporations that perform custom parts production for different organizations. but, examples of task stores consist of a huge variety of businesses—a system device shop, a machining middle, a paint shop, an industrial printing keep, and different producers that make custom merchandise in small lot sizes.

A small business that makes an unmarried product or a small quantity of a product for one purchaser at a time: people who paint in activity shops are usually multi-skilled due to the fact the paintings call for it.

Learn more about Job shops here

brainly.com/question/24080494

#SPJ4

3 0
1 year ago
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