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3 years ago

Identify which basic principle of accounting is best described in each item below.

Business

1 answer:

adelina 88 [10]3 years ago

4 0

Answer:

The Matching Principle

Explanation:

The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.

This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.

For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.

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In a(n) __________ marketing channel, several independent members each attempt to satisfy their own objectives and maximize thei

Alina [70]

In an independent marketing channel, several independent members each attempt to satisfy their own objectives and maximize their profits, often at the expense of the other members.

<h3>What is marketing channel ?</h3>

A marketing channel can be described as the channel that consist people, organizations, and activities necessary to transfer the ownership of goods from the point of production to consumption.

It shoul;d be noted that this can be seen as the way products get to the end-user, the consumer; and is also known as a distribution channel.

Therefore, option B is correct.

Learn more about marketing at:

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6 0

1 year ago

Which of the following policies should a country implement in an economic downturn to avoid a Paradox of Thrift?

zalisa [80]

Answer:

B) Implement policies to encourage greater consumption.

Explanation:

The Paradox of thrift says that an increase in autonomous saving leads to a decrease in aggregate demand and thus a decrease in gross output which will, in turn, lower total saving due to that total saving may fall because of individuals' attempts to increase their saving, Therefore, to avoid the paradox of thrift policies to encourage consumption must be implemented.

5 0

3 years ago

Which of the following would be included in a properly prepared comprehensive annual financial report (CAFR), but not in the min

Elan Coil [88]

Answer: D. Combining and individual fund financial statements.

Explanation: Annual financial Report, the most common of this set of reports issued are general purpose financial statements that include income statement, balance sheet, retain earnings and statement of cash flow. It is a financial statement of 12 consecutive months in a year.

There are items that will be include such as Combining and individual fund financial statements.

7 0

3 years ago

Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?

8_murik_8 [283]

Answer:

A reduced time in debt

Explanation:

Gina intends to purchase that motorbike on credit. By making a down-payment, Gina is reducing the amount she needs to borrow to buy the bike.

A reduced loan amount means that Gina will require less to repay. It also implies that the interest to be paid will reduce. Making the down-payment helps Gina stay in debt for a short period.

7 0

3 years ago

Products that appeal to mothers have evolved since mothers are no longer homogeneous like before. Instead, there are traditional

cupoosta [38]

Answer: Change in lifestyle

Explanation:

The lifestyle of current day mom's is very different from what was obtainable in the past, therefore manufacturers need to adjust their products to suit the new lifestyle of current day mom's. Lifestyle here means the behavior, likes and dislikes of current day mom's.

5 0

3 years ago

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