The market will crash......without regulations.
I believe it is a because gross,s product exceed 11 trillion in the year of 2002
.
Businesses and corporations relocate to developing nations so they
don't have to pay the wages that developed nations pay their workers.
Many of these nations do not have the same regulations in regards to
workers' rights, benefits, safety, and environmental impact. Because
companies aren't subject to these regulations, they are able to save
millions of dollars. As a result, businesses shut down operations in the
U.S. and other developed nations and move those jobs abroad.
Answer:
Expense must be recognized in July
Explanation:
The reason is that the expense must be recognized in the month in which the supplies are used because the accrual concept says that the expenses must be realized when they are incurred. Incurred means that the consideration received has been used. For example if I pay the telecommunication network in June to give 4G internet and the services are delivered in the month July then the expenses will be realized in the month in which the services were used and that is July for internet facilities. So in this case the supplies are used in the month of July which is in-accordance with the accrual concept.
