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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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Answer:

Explanation:

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3 years ago
Which of the following federal laws prohibits discrimination in employment against lesbian, bisexual, gay and transgender indivi
aev [14]

Answer:

d. There is currently no federal law protecting lesbian, bisexual, gay and transgender individuals.

Explanation:

LGBT people are not currently protected against discrimination in employment and in the workplace by any specific federal law. Title VII of the Civil Rights Act of 1964 offers some protection because it forbids employment discrimination on the basis of sex.

However, sex is not the same as sexual orientation, or gender orientation, and as a result, LGBT people are not fully protected.

7 0
3 years ago
Pedregon Corporation has provided the following information:
Ulleksa [173]

Answer:

$22,750

Explanation:

Data provided

Fixed manufacturing overhead = $16,500

Units produced = 5,000

Variable manufacturing overhead = $1.25

The computation of the total amount of manufacturing overhead cost is shown below:-

Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead

= $16,500 + (5,000 × $1.25)

= $16,500 + $6,250

= $22,750

5 0
4 years ago
Packard Corporation reports the following information: Net cash provided by operating activities $335,000 Average current liabil
Molodets [167]

Answer:

$165,000

Explanation:

Free cash flow is the net cash cash flow available for the shareholders or for the reinvestment after paying all capital expenditure.

The Depreciation is already adjusted in the Cash Flow from operating activities.

Free Cash Flow = Cash Flow from operating activities - Dividend payment - Capital expenditure

Free Cash Flow = $335,000 - $60,000 - $110,000 = $165,000

Current and Long term liabilities has nothing to do in free cash flow calculations.

4 0
3 years ago
Exercise 22-19 Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is current
tino4ka555 [31]

Answer:

\left[\begin{array}{ccc}&Q1&Q2\\beginning&30,900&25,750\\receipts&254,410&398,610\\disbursement&-272,950&-372,806\\interest&0&-206\\subtotal&12,360&50,892.3\\minimun&25,750&25,750\\Financing&&\\beginning&0&13,390\\payment/loan&13,390&-13,390\\ending&13,390&0\\&&\\ending cash&25750&37502.3\\\end{array}\right]

Explanation:

Q1

proceeds from disposal of equipment 12360

sales                                                     242050

outlay:

salaries          144200

overhead cost 79310

S&A cost          51500

depreciation     (2060)

Q2

interest revenue from investment        7210

sales                                                 391400

outlay:

salaries                         144200

overhead cost              103000

S&A cost                         72100

depreciation                   (2060)

purchase of equipment 51500

interest payment                206

3 0
4 years ago
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