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Shalnov [3]
3 years ago
6

In order to present an accurate picture of the financial health of his company, Bob reported all of the expenses that had been i

ncurred, even if they had not been paid yet. Bob is practicing the __________ principle.
a.) matching
b.) measurement/cost
c.) time period
d.) full disclosure
Business
1 answer:
Flura [38]3 years ago
8 0

Answer:

a.) matching

Explanation:

Matching principle is the accounting principle in which the expenses incurred should be recorded at the same period when the revenues are earned. Also the business incurred the expenses in order to earn the revenues

So as per the given situation since Bob recognized the expenses but it is not paid so here he is using the matching principle

Therefore the option a is correct

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During the current year, sally sold her interest in two small business coeporations?
exis [7]

Answer:The answer is shares

Explanation:

A share is a unit of capital of a company which a company issued out to the members of the public for subscription. It is usually issued out to the members of the public in denominations for example $1, the capital of a limited company is divided into the following shares which are

Ordinary shares : This is also known as common shares, it is a share which carry the main risk of the business. The holders of ordinary shares are not guaranteed a dividend at the end of the year because this depends on whether or not the company's make profit. If the company makes profit holders of ordinary shares will receive dividend .however, the holders of ordinary shares have a voting right at the annual general meeting of the company.

Preference shares : The owners of these shares receive fixed rate of interest per annum for example 10% or more.holders of these shares receive preference in the payment of dividend, and also in the repayment of capital if the company is forced to wind up. Therefore, preference shareholders are safer than the owners of ordinary shares.

Cumulative preference shares : The owners of this shares can have their losses in income in bad years made up in good years. This means they can accumulate their dividends, if the company does not have enough money to pay preference shareholders in a particular years,they will therefore get their money in later years.

Participating preference shares : The holders of participating preference shares receive a fixed dividend and also received an additional dividend if the company makes a profit above a certain level.

Deferred shares : These are special types of shares which carry particular rights and privileges. They are sometimes issued to the promoters and founders of a company. Holders of deferred shares do not receive any dividend untill all other types of shareholders have been paid.

However, a person can sold his or her interest in a business corporation which means such a person has sold his or her own shares in the business. This can be done through a stockbrokers, the stockbrokers look for buyers for members of the public who wants to sell shares and sellers for those who wants to buy shares. They are paid a commission known as brokerage for their services.

3 0
3 years ago
Tax preparers who obtain written conflict of interest waivers from clients are required to retain the document for at least:____
sertanlavr [38]

Answer:

The correct answer is: 36 months or 3 years.

Explanation:

The Department of Treasury Circular 230 establishes the regulations for all those professionals who represent individuals before the Internal Revenue Service (<em>IRS</em>) such as <em>lawyers </em>and <em>accountants</em>. In section 10.29 there is a retention requirement in front of conflict of interest that implies waivers or consents to be retained by the tax professional for <em>3 years post-representation</em> and made available to the IRS if requested.

4 0
3 years ago
_____ (rapid execution, response, and delivery of results) often separates the winners from the losers.
Marianna [84]

Answer:

The correct answer is letter "D": Speed.

Explanation:

The speed at which companies perform their activities is vital and can take a big role in determining the profits or losses of the business. Firms must be one step ahead in their production process to make sure deadlines are met and to predict failures to solve the issues immediately minimizing the output damages.

3 0
3 years ago
Read 2 more answers
Being able to identify an industry to use for benchmarking your​firm's results with similar companies is frequently not easy. Ch
Anvisha [2.4K]

Answer:

The correct answer is: Retail Trade.

Explanation:

The North American Industry Classification​ System (<em>NAICS</em>) is a standard used to classify businesses of different industries. The classification apples by companies located in Mexico, the U.S., and Canada. <em>Automobile dealers, furniture, electronics and appliances, groceries, clothing, </em>and <em>shoe stores</em> among others are considered Retail Trade businesses according to the NAICS.

7 0
3 years ago
What makes Ford a successful business?
bazaltina [42]

The key is efficiency. Ford and his business were captains of efficiency, from mass manufacturing via the factory line to economical individual effort. Ford Motor Company produced cars swiftly assembly line.

<h3>How a business becomes successful?</h3>

The most prosperous organizations place a high priority on providing excellent customer service and a great client experience. Making goods and services that consumers demand is the first step. However, concentrating on your clients goes beyond you products.

<h3>What does a successful business look like?</h3>

Instead of focusing on earning short-term benefits, successful businesses are focused with establishing long - term profits and creating sustainable growth. By creating new goods or services that satisfy customers, successful businesses are able to effectively address the changing wants of their clients.

To know more about Successful businesses visit:

brainly.com/question/20365163

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6 0
1 year ago
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