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ZanzabumX [31]
4 years ago
15

Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept.

Business
1 answer:
svetoff [14.1K]4 years ago
6 0

Answer:

A. True

Explanation:

This two principles i.e matching principle and the revenue recognition principle are interrelated to each other

The matching principle is that the principle in which the expenses of a particular period and the revenues incurred of a particular year should be matched.  

Whereas the revenue recognition principle stated that whenever the revenue is earned it should be recorded whether cash is received or not  

So for recording the adjusting entries, these two principles are required

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What is the major source of competition for motor carrier?​
fomenos

Answer: The major source of competition for motor carrier is intermodal in nature.

The major source competition for motor carriers is railroad. This is because rail system is quicker than motor carriers and has been used widely. Railroads do not cover all geographical zones but they have been a trend in several regions.

Explanation:

7 0
3 years ago
True or false: a minimum wage below $10 per hour is a binding minimum wage in this market.
BaLLatris [955]
It's FALSE.


To be able to make the minimum wage be binding, an expert in economics calls it a minimum gross to prevent the industry market from accomplishing equilibrium a binding smallest amount wage.
It must be set above the equilibrium gross. However, below or at least $10 per hour would not be binding.
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3 years ago
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True or False: Although price searchers can set their prices, the prices they can set are still affected by market conditions. T
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Although price searchers can set their prices for products, the prices they can set are however, still affected by market conditions: True.

<h3>What is price?</h3>

Price refers to the amount of money that is set by a seller and must be paid by a buyer (customer) to the seller (producer), so as to enable the acquisition of these goods or services.

Although price searchers can set their prices for the goods (products) they sell or service they render, the prices they can set are however, still affected by various market conditions such as:

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Read more on price here: brainly.com/question/11898489

8 0
2 years ago
You are the lead team member of a warranty claim team within the Andrews Company. Your team has had an average year, with profit
enot [183]

Answer:

"Perhaps we should explore which stakeholders would stand to win or lose from such a decision."

Explanation:

An ethical decision is one that is aimed towards generating trust from other parties. It shows responsibility, fairness, and caring towards a person.

In this scenario your manager suggests you postpone processing any existing claims in the 4th quarter until the new fiscal year (some claims are as high as $150,000).

The best ethical response will be - Perhaps we should explore which stakeholders would stand to win or lose from such a decision.

This will result in self reflection about who will be affected by the decision. The consideration will not be just the immediate 4th quarter impact of postponing the warranty claims.

This is the most ethical decision among the options.

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4 years ago
How do u maintain your allowance
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3 years ago
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