You have a 30% chance of getting a blue marble. <span />
If you don't understand it or don't know how to do it I can help you but I don't have the time for all those problems......sorry bro
Answer
x=-4/5
Step-by-step explanation:
Let the number be x
6+5x=2
5x=2-6
5x=-4
x=-4/5
Your answer is right !!!! X is -3 !!!
The answers to the questions are
- The principle of accrual accounting is violated if Sokolich Company records the purchase price as cost of goods sold to simplify its accounting procedures.
- Sloan company is violating the historical cost of mixed attribute measurement.
- Ebert company is violating the period of time accounting assumption.
- Guthrie is violating the revenue recognition principle of accrual accounting.
- Cross company is violating the monetary unit accounting assumption
- David Thomas is violating the reporting entity accounting assumption.
- The Vann company is violating the going concern assumption.
<h3>What has to be done to rectify these for the companies</h3>
- For Sokolich, Cost of good sold should be recorded at the point where the inventory has been sold and not when it was bought.
- For Sloan, land historical cost is a faithful recognition but this may turn out to lose relevance
- For Ebert it could be prepared for a period of time like in a month or so but it should not be for a period of 2 years.
- For Guthrie, This revenue can only be recognized if they earn it and when received.
- Effects of inflation does not have to be adjusted for Cross company
- For David Thomas there has to be a separation of the company from the personal activities of the owners.
- The economic resources for Van does not have to be reported at the point where they are at a liquidation given that they may still operate at a future period.
Read more on accounting here:
brainly.com/question/26690519
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