Answer: Option C is true about Accruals basis
Explanation:
Cash basis states that transactions are only recognized when cash is received and paid. Some of the short comings of the cash basis was it didn’t regard the period in which transactions occured, etc
Accrual basis states that revenue is recognized when earned and expenses when incurred and not when cash is received or paid.
Option 1 is wrong because cash basis only records cash transactions.
Option 2 is wrong because Accruals basis is recognized by GAAP
Answer:
the break even point in units is 120,000 units
Explanation:
The computation of the break even point in units is shown belwo:
= Annual fixed operating cost ÷ (Selling price per unit - variable cost per unit)
= ($19,200,000) ÷ ($250 per unit - $90 per unit)
= $19,200,000 ÷ $160 per unit
= 120,000 units
hence, the break even point in units is 120,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Explanation:
The construction of the income statement for the year ending 2015 is attached in the attachment. Kindly find it below:
As we know that the income statement records only the revenue and the expenses for the particular year
If the income is higher than the revenue, the company earns the net income otherwise it is a net loss and the same is to be reported on the statement of the stockholder equity
The earning per share is
= Net income ÷ Shares outstanding
and the same is shown in the attachment
The major thing which <em>Eduardo's behavior demonstrates </em>is that:
- The freedom to own property and keep the profits from work is necessary for the survival of an economy.
<h3>What is Freedom to own property?</h3>
This refers to the individual right which every human where he is able to buy and own land or inherit it from someone, or even get it as a gift and keep it.
With this in mind, we can see that Eduardo is staying in an oppressive country where the tax rates are very high and there are no freedom to own property so he begins to stop investing in the farm and focus on subsistence agriculture.
Read more about property ownership here:
brainly.com/question/8107760
The purpose of the Digital Millennium Copyright Act is to improve protection of copyrighted digital products.
<h3>What is the Digital Millennium Copyright Act?</h3>
It is an Act by the U.S. Congress that aims to make it harder to engage in using copyrighted materials without authorization.
It does this by making it illegal to produce technology or devices that help people use copyrighted materials without permission.
In conclusion, option D is correct.
Find out more on copyrights at brainly.com/question/357686.
