<span>The conservatism constraint prescribes that when multiple estimates of amounts to be received or paid in the future are equally likely, then the least optimistic amount should be used.
When in doubt, follow the conservatism constrain process which wants sure information is reported that does not overstate income or assets.
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The correct answer is a debit.
Even though the value of the inventories decreased from 2016 to 2017, inventories is an asset account. Normal asset accounts have a debit balance.
Answer:
The cost of the 28 units sold is $548
Explanation:
In the given question,
On March 1 it purchase 12 units for $15 = 12 units × $15 = $180
On March 2 it purchase 12 units for $24 = 12 units × $24 = $288
On March 6 it purchase 7 units for $20 = 7 units × $20 = $140
And, on march it sold 28 units for $63 each
The 28 units could be taken from
12 × $15 = $180
12 × $24 = $288
And remaining 4 units × $20 = $80
So, the total cost of units sold = $180 +$288 +$80 = $548
Answer:
You should pay loan C since it does not only represent the largest monthly payment, but it also has the highest APR. The sooner you pay your credit card balance (loan C) the better.
On the other hand loan B has a smaller monthly payment and a much lower APR.
Answer: A - the rich to the poor
Explanation: At the broadest level, the financial system moves the scarce resources from the rich to the poor.
This means that at this level, the rich save more of the resources because they have more than enough while the poor borrows more cause they do not have enough to spend now and would prefer to borrow to meet their needs.