Answer:
A. $302,000
Explanation:
The computation of the net income under accrual basis accounting is shown below:
= Billed in revenues on credit - incurred expenses
= $496,000 - $194,000
= $302,000
The prepaid expenses and the received amount would not be considered in the computation part. Hence, ignored it
Only revenues on credit and incurred expenses are considered in the computation part. No other item values would be taken.
Answer:
C. administrative trade policy.
Explanation:
Based on the information provided it seems that the inspection strategy adopted is an example of an administrative trade policy. This policy is basically various bureaucratic rules that have been designed in order to slow down the flow of a specific good being imported into the country which is implementing the policy. Which in this case the policy was designed to slow the flow of ALL goods from Lovaskiya.
Answer:
1. The experiments should be clear in mind and well understood before coming to lab, for this the experiments should be well read.
2. Take proper precautions when working in the lab as, no insane acts shall be performed also due care with the use of apparatus and instruments in the lab shall be taken care of.
3. Even in some imaginary or worst case if help is required because of any incident that took place unwillingly and might lead to some loss, then you should be able to ask for help, also know the persons from whom you are supposed to seek help.