I'm unaware of such a confounded question...one minute extracting an answer.
Answer:
She can deduct the full $120,000. the answer is $120,000.
Explanation:
Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.
Answer: Her action cultivates the vice of greed
Explanation:
Greed is an attitude that most be dealt with unless it exposes you to what you can't control, an uncontrollable desire births greed most times, it's better individuals put their desires in check before becomes a thing of shame.
Stephanie taken some portions of the clothes which she think would suit her is display of greed.
The gap of $1370 represents the amount of goods not yet delivered to the company. When a company purchases inventory, on the basis of the accrual principle in accounting, transactions are recorded as they occur even if the actual possession will take place eventually. In this case, the overall amount of merchandise bought is recorded in the company's books. After a physical count, we'll find out that the shrinkage represents stock that is yet to be delivered.
