1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kruka [31]
3 years ago
6

There are some liabilities, such as income tax payable, for which the amounts must be estimated. Failure to estimate these amoun

ts and record them would be a violation of the a.practice of consistency. b.concept of historical cost. c.convention of conservation. d.matching principle.
Business
1 answer:
LenaWriter [7]3 years ago
3 0

Answer: D. Matching principle

Explanation:

The matching principle simply states that organizations or businesses should recognize both the revenues that the company makes and their related expenses that are incurred by the company in same accounting period.

The main idea behind the matching concept is so that earnings that are made by a business will not be misstated.

You might be interested in
In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance for Doubtful Accounts had a
zaharov [31]

Answer:

$35,300 (Credit)

Explanation:

Given that;

Allowance = 10% × $242,000 = $24,200

Amount written off of $34,200 would have made the balance in the allowance for doubtful debts

= $34,200 - $23,100

= $11,100 (Debit)

However, the balance in the account at the end of the year should amount to $24,200 hence the adjustment required

= $24,200 + $11,100

=$35,300 (Credit)

5 0
2 years ago
Real estate is a great investment for everyone, particularly since the money is more liquid than common stocks.
sveta [45]
This answer is FALSE - FUN FACT - Liquidity of money refers to the ease with which the owner of an asset can convert it into cash it is easier to convert common stocks into cash rather than attempt to raise cash from sale or mortgage of real estate assets
5 0
3 years ago
Read 2 more answers
Which marketing objective was used because the Fruit Bowls were new to the market?
alexandr1967 [171]
Dole's marketing tactic is the Concept Review.All promotion movements are planned to inform, encourage, or remind consumers about a product, category, or company. Advertisements can be used to excite request for a certain category or industry, or for a definite brand, item, or firm. To establish an effective campaign, the firm desires to classify its target market, set advertising concepts, describe its product, assess and select media, produce the ad, and evaluate the ad's impact. 
7 0
2 years ago
What effects does this journal entry have on the accounts? decrease cash and increase land decrease cash and decrease land incre
mezya [45]

Answer:

Decrease cash and increase land

Explanation:

The transaction is:

Account             Debit        Credit

Land                $105,000

Cash                                  $105,000

Purchased land for business.

Both land and cash are assets: they are debited when they increased, and they are credited when they decrease.

Because cash was used to purchase the land, cash decreases and land increases.

3 0
3 years ago
All of the following actions are consistent with feelings of regret except:________.
hram777 [196]

Answer:

Option A, selling losers quickly, is the right answer.

Explanation:

According to some researchers and their investigation consistency factors has the potential to influence feelings of regret. Regret may emerge as a function of consistency and discrepancy between an individual's orientation and effort of an evaluative decision. Whenever the decision-maker approves an orientation of serving errors associated with the actions are generally more consistent and thus led to comparatively less feeling of regret.

4 0
3 years ago
Other questions:
  • Roland Company operates a small factory in which it manufactures two products: A and B. Production and sales result for last yea
    12·1 answer
  • A stock is a written promise to repay borrowed money at a later date; to raise money.
    7·1 answer
  • The markets for movie theater tickets and video cassette rentals are highly interdependent. Suppose that a tax is imposed on mov
    13·1 answer
  • The General Fund of a city pays all utility bills received from private companies for services provided to city agencies. It the
    12·1 answer
  • The best defensive driving strategy in planning ahead for an evasive action on the road includes:
    15·1 answer
  • Qualitative characteristic being employed when companies in the same industry are using the same accounting principles. select a
    12·1 answer
  • g Unearned revenues are classified as: Group of answer choices Assets. Liabilities. Revenues. Stockholders' equity.
    6·1 answer
  • The Equal Credit Opportunity Act prohibits which of the following? a. Basing the credit decision on unemployment. b. Basing the
    11·1 answer
  • Roy's Welding common stock sells for $64.20 a share and pays an annual dividend that increases by 4.30 percent annually. The mar
    15·1 answer
  • Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans? open‑market sale fractional banking re
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!