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QveST [7]
3 years ago
14

The accrual basis of accounting applicable to proprietary fund types requires that exchange revenues be recognized when:________

___
A. Earned.
B. Collected in cash.
C. Authorized by the budget ordinance.
D. Measurable and available.
Business
1 answer:
Lady_Fox [76]3 years ago
5 0

Answer:

A. Earned.

Explanation:

The accrual basis of accounting applicable to proprietary fund types requires that exchange revenues be recognized when <u>earned.</u> In Accrual Accounting, revenue is recognized when it is earned and is recognizable to be collected in future, not when cash is received against that revenue.

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Packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.

<h3>What are packaging and labeling?</h3>

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While packaging focuses on the product's appearance, labeling is mainly concerned with the product's description.

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Learn more about packaging and labeling at brainly.com/question/25909529

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Answer: Introduction, supporting details, and conclusion.

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3 years ago
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Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small
lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

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3 years ago
A company produces a single product. Variable production costs are $12.50 per unit and variable selling and administrative expen
wlad13 [49]

Answer:

value of ending inventory under variable production is $104375

Explanation:

given data

Variable production costs = $12.50 per unit

variable selling and administrative expenses = $3.50 per unit

Fixed manufacturing overhead totals = $41,000

Fixed selling and administration expenses total = $45,000

production = 4,500 units

sales = 3,850 units

to find out

the dollar value of the ending inventory under variable costing would be

solution

we find here ending inventory that is express as

ending inventory = production - sale

ending inventory = 4500 - 3850

ending inventory = 8350

so

variable production cost of 8350 units are

variable production cost = 8350 × $12.50

variable production cost = $104375

so value of ending inventory under variable production is $104375

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Answer:D

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