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777dan777 [17]
3 years ago
14

Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis o

f​ accounting? A. Paying off loans B. Purchasing inventory on account C. Collecting customer payments D. Borrowing money
Business
2 answers:
balu736 [363]3 years ago
6 0

Answer:

B. Purchasing inventory on account

Explanation:

The Purchase of inventory on account is not recorded when the cash basis of accounting is recorded but where as it is recorded when accrual basis of accounting is used.

tatiyna3 years ago
4 0

Answer:

Purchasing inventory on account

Explanation:

Purchasing inventory on account would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting.

In case the purchases were made on credit accrual basis of accounting will be able to record it

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At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferre
Leviafan [203]

Answer:

A. $1.80

Explanation:

Earnings per share = (Net Income - Preferred dividend) / Weighted average outstanding common shares

Earnings per share = (1140000 - 10000*100*6%) / (300000 + 300000)

Earnings per share = $1.80 per share

So, Rice's 2018 earnings per common share should be $1.80 per share

8 0
2 years ago
Miriam, the controller, is basically claiming that the company is retaliating against her for being pregnant, and that the fact
sesenic [268]

Answer:

the EEOC and/or courts would agree with her

Explanation:

The pregnancy act and family and medical leave act states that when a pregnant woman is unable to do her job effectively because of her condition she should treat her as a temporarily disabled person.

Miriam can take advantage of various benefits of temporarily disabled persons like less hours, disability leave, and modified tasks.

What should be done now is that Miriam should take on fewer hours and less stressful jobs until she recovers and can function fully.

If not she can sue the company for not respecting provisions of the pregnancy act

6 0
2 years ago
International data show a positive correlation between income per person and the health of the population.
Y_Kistochka [10]

Answer:

True

Explanation:

In the case when the person income is high so he have an opportunity to have a good food, healthy environment, health care, etc this represents that the higher income defines the good health and if a person is healthy so he would work in efficient way as compared with the sick person

Therefore the given statement is true

3 0
2 years ago
Who owns the alcoholic beverages of a private club ?
tangare [24]
The owner of the club
6 0
3 years ago
Read 2 more answers
If the team leader learns that organizational superiors are unaware of the team’s successes, the leader might initiate an "FYI"
ad-work [718]

Answer:

Advocating

Explanation:

The team leader needs to advocate and represent the team to their organizational superiors (upper management). Sometimes large organizations are too complex and BIG, and lower management has to find a way to make themselves be noticed. For example, he could start writing a newsletter, etc.

8 0
2 years ago
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