Answer:
Murphy Company
The year in which Murphy recognizes the income is year 2.
Explanation:
As a cash basis taxpayer, Murphy Company reports income and deductions in the year that they are actually paid or received. Similarly, as a cash basis taxpayer, Murphy Company deducts expenses in the year the expenses are paid off, which is not necessarily the year they were incurred. The income for services of $9,000 rendered to a customer, for which payment was received on January 3, year 2, will be recognized in year 2 and not in year 1 when the services were performed.
Answer:
The answer is a business entrepreneur or just an entrepreneur
Explanation:
Watching shark tank helps you understand what is an entrepreneur
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Employees are potentially an excellent source of competitive advantage for an organization because option c. they are difficult to copy or replace.
<h3>What is meant by competitive advantage?</h3>
Competitive advantage is known to be a term that connote those factors that gives room for a person or a a company to make goods or services better as well as more cheaply than their rivals.
These factors gives one a superior margins over rivals. Therefore, based on the above, employees are potentially an excellent source of competitive advantage for an organization because option c. they are difficult to copy or replace.
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Employees are potentially an excellent source of competitive advantage for an organization because:
a. they cannot refuse to follow the commands of the top executives of the organization.
b. they cannot be hired by the competitors of the organization.
c. they are difficult to copy or replace.
d. they formulate the organization's purpose and mission statement.
Answer:
d. Debit advertising expense $350, credit accounts payable $350
Explanation:
The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.
It depends what the setences are