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Feliz [49]
3 years ago
11

Charging off the cost of a wastebasket with an estimated useful life of 10 years as an expense of the period when purchased is a

n example of the application of the
Business
1 answer:
sammy [17]3 years ago
4 0

Answer:

E. materiality concept

Explanation:

The materiality concept refers to a concept in which it impacts the decisions of the user if there is any small impact. In other words, any small impact could change the user decisions with respect to the financial statement i.e. relevant and useful

Therefore according to the given situation, the Option E is correct

And all the other options are incorrect

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The journal entry would be to debit the Sales allowance account and credit the merchandise account. This is because the sales allowance is an expense for the merchandiser so it will be debited and the person he is selling the merchandise to will be credited as the rule states to credit the receiver. These rules will be according to the golden rules of accounts.

So the journal entry will be Sales allowance a/c Dr.

                                     To    Merchandise a/c.

A perpetual inventory system is a computerized system to record inventory immediately. It is an automatic system and happens at the point of sale. By this method, the seller is able to keep aware of his inventory information immediately. This system uses computerized point-of-sale systems and enterprise asset management software.

This type of perpetual inventory system is usually used by grocers to keep an account of their goods. This makes their work much more efficient and easy.

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2 years ago
A coach wants to find out the speed of the runners on a track team. tell what simple equipment the coach needs in order to do th
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Tintin Company Limited has recently undergone an extensive re-branding exercise and a new website has been created. As the Direc
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The Human Resource Management in an organization is important to improve business performance.

<h3>What is human resources management?</h3>

It should be noted that human resources management simply means the strategic approach to the efficient management of people in an organization.

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Also, they are important to uphold a culture that's inspires innovation.

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A running shoe company wants to reach "avid marathon runners" instead of just "sports fans". which targeting method should this
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The correct answer:
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4 years ago
Explain the check and balance of power between the legislative and executive branch when it comes to the power to make laws.
777dan777 [17]

Laws are created by the legislative branch, but the President, who is part of the executive branch, has the power to veto them.

<h3>How do the legislative and executive branches work together?</h3>
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