Answer:
A. Expenditures for 2020 will include the $40,000 purchase orders.
Explanation:
The only accounting technique or principle that is accepted by GAAP which is generally known as the generally accepted accounting principles, is the accrual basis accounting technique. This technique pertains to the matching principle by recording the income whenever it is earned and expenses as they happen.
The four fundamental constraints that are associated with GAAP include materiality, objectivity, consistency and prudence.
The products can be paired as substitute products is Internet radio and traditional radio
Because both the products provide the same benefit and result. Both provide audio output.
<h3>What is a Substitute?</h3>
The substitute products are the products that can be replaced for each other providing the same benefit and result.
Few examples of the substitute products are as follows
- Books and E-books
- Butter and margarine
- Eye glasses and contact lenses
- Flip flops and sandals
- Salmon and Tuna
#SPJ12
Learn more about products at brainly.com/question/27959956
Answer:
$4,068
Explanation:
Margret's monthly rent = $297
Monthly electricity costs = $42
Her costs per year will be
= ($297 x 12) + ( $42 x 12)
=$3,564 + $504
=$4,068
Answer:
The effect of this transaction is a gain of $2,500 on disposal.
Explanation:
Cost of motor = $15000
Accumulated depreciation = $12000
Net book or carrying value = 15000 - 12000
= $3,000
Income from disposal = $5,500
Gain/(loss) on disposal = $5,500 - $3,000
= $2,500
The effect of this transaction is a gain of $2,500 on disposal.
The correct answer is 1.2 minutes on each question.
