Answer: Barbara needs to look for running balance or the amount the has been recorded.
-5x - 25 = -8x + 10 (-10)
-5x -35 = -8x (+5)
35 = -3x (divide by -3x)
x = 11.6
An ethical dilemma is a difficult situation in which an individual is unable to make a decision, due to moral conflicts. Picking one solution would mean undermining another.
I believe the answer to your question is A.
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Answer:
The correct answer is letter "D": Justifies ignoring the matching principle or the realization principle in certain circumstances.
Explanation:
According to the General Accepted Accounting Principles (GAAP), the materiality principle states that some accounting transactions could be ignored as long as they do not affect the Financial Statements. The issue relies on the accountant deciding which transactions to ignore since there is not a set guide established by the GAAP stating what could or could not be ignored.
Thus, <em>the matching or realization principle could be ignored as long as the transactions involved do not affect the Financial Statements.</em>