Answer:
true
Explanation:
In simple words, the above statement relates to the theories of cost accounting. An extraordinary item can be understood as an accounting concept that relates to an exceptional benefit or loss which is not caused, unusual in existence, and uncertain to reappear in the near future from the usual business activities of a firm. The financial reports individually report extraordinary items.
Thus, from the above we can conclude that the correct option is true.
Answer:
The correct answer is C. Matrix Project.
Explanation:
The Matrix Project was born as a documentary series by episodes of non-commercial dissemination, composed of several reports of varied themes, covering all those news or information "hidden, ignored or suppressed" considered of interest to all humanity.
“The Matrix Project” tries to carry out a daily work of investigation and dissemination of information, thanks to the system of publication of articles that makes possible the blogger revolution. For this, the project has the help of several special collaborators.
At the same time, "The Matrix Project" tries to organize and collaborate in all those initiatives that are aimed at dealing with widespread and malicious misinformation, trying to open a gap through which prisoner information can circulate freely and freely.
The main objective of the project is to enable a well organized and structured plan aimed at analyzing and exposing the matrix (the root, the container mold). Allowing in this way to reach the essence of reality, exposing the lie of the imposed appearance.
Answer:
Hi there!
C. Debit Miscellaneous Expense $270; credit Cash $270.
Explanation:
At the time of the reimbursement from the petty cash, the vouchers for the money used are presented and these must be charged to the different expenses incurred.
In October 1, the journal entry for the petty cash increase of $54 will be:
Debit Petty Cash $54; credit cash $54.
Answer: C. Low risk, low return
Explanation:
Answer:
Net gain = $60,000
Explanation:
Given:
Sale value of house = $540,000
Adjusted value = $220,000
Selling expenses = $10,000
Computation of gross profit on the house:
Gross profit on sale = Sale value of house - Adjusted value - Selling expenses
Gross profit on sale = $540,000 - $220,000 - $10,000
Gross profit on sale = $310,000
Maximum limit on gain from sale of house = $250,000(Form number 1040, Schedule D)
Computation of net gain:
Net gain = $310,000 - $250,000
Net gain = $60,000