Clean up the ocean by picking up all the trash in the water
Answer:
$12,000
Explanation:
The main difference between cash basis accounting and accrual accounting is that accrual accounting recognizes revenue only after the earning process is completed. On the other hand, cash basis accounting recognizes revenue and expenses when the money is received or paid, regardless of when the service is provided. This is why the US GAAP doesn't allow cash basis accounting.
The IRS allows cash basis accounting for individuals and small businesses that only deal with cash payments, but they must meet certain criteria:
- partnerships or C corporations with less than $5 million in yearly revenue
- sole proprietorships and S corporations with less than $1 million in yearly revenues
- family owned farms
- you provide personal services and 95% of your revenue comes from it
- no publicly traded corporation is allowed
Answer:
b. Written communication
Explanation:
Written communication -
It refers to the written or typed manner of sending messages via bulletins , telegrams , reports , circular , letters etc , is referred to as written communication.
- This type of communication can have the record for future reference .
- It is a fast way of to transfer any data or information.
- The method is less flexible.
- The method can be used for any type of legal documentation.
- It is perfect for long distance communications.
- The communication can be done with many person at one time.
Hence , from the given information of the question,
The correct term is b. Written communication.
It is a formal method of communication and is less flexible. A written document preserved properly becomes a permanent record for future reference.
