Answer:
c.The potential exists for agency conflicts between stockholders and managers.
Explanation:
There is always the chance of conflicts between the stockholders and managers. As the former thinks that the management is not working properly and is just interest in their share of salary, and will not work on the aim of increasing stockholder's wealth.
Certainly the management also thinks that stockholder's just think for their benefit and not of the organization.
Accordingly this is the most correct statement of the provided statements.
It is noted that in early language development, <u>comprehension </u>develops earlier than <u>production</u>.
<h3>How is language formed?</h3>
When children grow and begin to learn languages, they are able to understand what is said to them before they begin to speak.
After they understand, they are then able to put this into speech by producing their own words based on what has been told to them.
In conclusion, option C is correct.
Find out more on language formation at brainly.com/question/10585737.
Answer:
1. Record the time worked on a client project by professional staff.
The first thing is do is to record the time the client was worked on by a professional staff because CPAs should be charging by the hour.
2. Record the completion of a client project.
The record the completion of a client project so that the project can be considered finished. The total hours worked will be totalized here.
3. Record the application of office overhead.
After the completion of the project the overhead costs are now apportioned and recorded.
Answer:
<u>expense</u>,
<u>income statement</u>,
<u>debit</u>
Explanation:
Cost of goods sold refers to all those direct costs and overhead costs which have been incurred in manufacturing those products, which have been finished and sold.
Cost of goods sold represents an expense account and it is a nominal account and as per the accounting rules for nominal accounts, expenses and losses are debited while incomes and gains are credited.
Since it is an expense, a debit to such an account increases it's balance while a credit reduces it's balance. Cost of goods sold account has a normal debit balance.
Cost of Goods Sold account is reported in the income statement and deducted from sales revenue to arrive at Gross Profit.
Cost of Goods Sold = Sales Revenue - Gross Profit
Also, cost of goods sold can also be computed as,
Cost of Goods Sold = Opening stock + Purchases + Direct Expenses - Closing stock
Answer:
The correct answer is C
Explanation:
Demand for business products is referred to as the derived demand, which means that the firm or business bought the products to be used while producing the products of customer.
And a small decrease or increase in the demand of the consumer could produce the larger change in the demand for the manufacturing equipment and facilities required to make the product for consumer.
So, the needs of the customer states that the demand for the business product is derived.