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gayaneshka [121]
3 years ago
12

Cash-basis vs. accrual-basis accounting?

Business
1 answer:
ki77a [65]3 years ago
4 0
The cash<span> method accounts for revenue only when the money is received and for expenses only when the money is paid out. On the other hand, the </span>accrual<span> method accounts for revenue when it is earned and expenses goods and services when they are incurred. ... </span>Accrual<span> accounting is the most common method used by businesses.</span>
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McGraw purchased an antique rocking chair from Tillis by check. The check was dishonored by the bank due to insufficient funds.
LekaFEV [45]

Answer:

Option C is the correct option.

Explanation:

As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.

Overall the option C is the correct option with which the case scenario relates.

3 0
2 years ago
True or False<br> The real GNP, divided by our country's population, gives us the per capita GNP
NNADVOKAT [17]

I would say it’s true because it does have some facts in it

6 0
3 years ago
What type of body language are helpful when saying no to a situation
Roman55 [17]
Not slouching. having good eye contact. have good hand gestures. 
7 0
3 years ago
The Heating Division of Kobe International produces a heating element that it sells to its customers for $40 per unit. Its varia
san4es73 [151]

Answer:

$48

Explanation:

Calculation the minimum transfer price that the Heating Division should accept

Using this formula

Minimum transfer price=[New UVC + (Lost USP - Regular UVC)]

Let plug in the formula

Minimum transfer price=$28+ ($40- $20)

Minimum transfer price=$28+20

Minimum transfer price= $48

Therefore the minimum transfer price that the Heating Division should accept is $48

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Care 1 hospital is renowned for its impeccable reputation and strong employee morale. these types of qualities can best be descr
Elan Coil [88]
Intangible Standards

Intangible standards are those that do not have physical form, or those standards that cannot be perceived by the 5 senses (such as employee morale and work ethics). In contrast, tangible standards are those that can be assessed using the five senses -- seeing, smelling, hearing, tasting, and touching. 
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