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DanielleElmas [232]
2 years ago
7

An effective accounting system should identify and record only the valid transaction of the entity that occurred in the current

period, which relates to the
Business
1 answer:
mihalych1998 [28]2 years ago
8 0

Answer:

Existence or occurrence assertion

Explanation:

In simple words, The existence as well as occurrence allegation determines whether assets and liabilities occur at a specific date and if activities have been documented. If fraudulent sales were reported, there would be a deception. Exaggeration of financial stating parts is a major risk here.

Thus, from the above we can conclude that the correct answer is existence or occurrence assertion

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The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha
Temka [501]

Answer:

American Marketing Association

Explanation:

American Marketing Association -

It refers to the association of many marketing professionals all together , is referred to as the American Marketing Association  .

In the year 2012 , there were 30,000 members , present in the United states .

Which consists of 250 collegiate chapters and 76 professional chapters .

Hence from the given scenario of the question ,

The correct option is American Marketing Association .

3 0
3 years ago
How many dollars would it cost to buy an edinburgh woolen mill sweater costing 50 british pounds if the exchange rate is 1.50 do
WITCHER [35]

The amount of  dollars that  it would cost to buy an edinburgh sweaters if the exchange rate is 1.50 dollars per one british pound is: $75.

<h3>Dollar amount to buy an buy an edinburgh woolen mill </h3>

Using this formula

Dollar amount=Cost of woolen mill sweater×Exchange rate

Where:

Cost of woolen mill sweater=50 pounds

Exchange rate=1.50 dollars

Let plug in the formula

Dollar amount=50×$1.50

Dollar amount=$75

Inconclusion the amount of  dollars that  it would cost to buy an edinburgh woolen mill sweater is $75.

Learn more about dollar amount here:brainly.com/question/961857

4 0
2 years ago
Which of the following is not a core component of the federal reserve bank
natali 33 [55]
The answer to this question is A.
8 0
3 years ago
Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
saw5 [17]

Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

                       Bonds payable                               $500,000

                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

                         Cash                                               $22,500

                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

                          Cash                                                $303,000

                 (To record retirement the bonds at 101 on November 1, 2019)

8 0
3 years ago
If the inflation rate in Mexico was twice the rate in the United States, but the Mexican monetary authorities kept the peso-doll
torisob [31]

Answer:A

Explanation:

The high rate of inflation in Mexico would increase its citizens purchasing power.

6 0
3 years ago
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