Answer:
Consistency principle
Explanation:
Accounting principles are defined as the general rules of.axcpunting that businesses are expected to follow when reporting financial information.
Accounting principles include:
- Accrual principle
- Conservatism principle
- Consistency principle
- Cost principle
- Economic entity principle
- Full disclosure principle
- Going concern principle
- Matching principle
- Materiality principle
- Monetary unit principle
- Reliability principle
- Revenue recognition principle
- Time period principle
Consistency principle requires one the continue using an accounting method consistently for future accounting periods so that information can be easily comparable.
In the given scenario the accountant tells Tenisa that US GAAP allows a company to choose its inventory valuation method as long as it doesn't change over time without a justifiable reason.
This is an example of consistency principle
Answer:
i think that income is built for order and human need
Explanation:
if we distributed according to human need that's technically a communist country
Answer:
Option C because it is impossible to determine the legality based on the facts given.
Explanation:
The amount that Vint and Gracie can claim for 2020 lifetime learning credit is <em>D. $600</em>.
Explanation:
Joint Modified Adjusted Gross Income for 2020 = $110,000
Tuition for the fall semester paid by Gracie = $3,000
Limit placed on lifetime learning credit = $2,000
Rate of lifetime learning credit = 20% of the first $10,000
Allowed lifetime learning credit = $600 ($3,000 x 20%)
<u>Answer Options</u>:
A. $0
B. $200
C. $400
D. $600
Thus, the amount that the couple can claim for 2020 lifetime learning credit is <em>D. $600</em>.
Learn more: brainly.com/question/14263483
False, because you can't really use those animals for a service.
