Answer:
A. It is a valuation method.
Explanation:
The matching principle is used to assign same costs with the same revenues. For example the inventory bought to make the product would be assigned like wise to assure the guideline of matching principle.
It is a valuation method.
It is used to evaluate the accounting procedures.
For example let us assume that we are selling candies. But the advertisement is run once the candies have been manufactured and sealed. So the matching principle states that the advertisement expenses to be included in the income statement having the corresponding stock of candies manufactured and sold.
Answer:
Consists of goods being manufactured that are incomplete.
Consists of materials to be used in the production process.
That’s the same thing I have in school
Answer:
$1,467.88
Explanation:
Net pay is the amount one receives after subtracting deductions from the gross pay. Therefore, net pay is the gross pay minus all the deductions such as social security, federal and state taxes.
In this case, the gross pay is $1,828. The total taxes are $ 360.12.
The net pay will be $1,828 -360.12.
= $1,467.88
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