The best definition of a financial restatement is:_______

Lana71 [14]

Answer:

a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.

Explanation:

Prepayments are amounts paid to a business before goods or services are received. This means that a prepayment is the payment of an obligation, bill, or expense before its due date, which is therefore, also before the expense recognition.

The correct answer is alternative a. Cash payment (or an obligation to pay cash) occurs before the expense recognition.

3 0

3 years ago

A company reported the following information for its most recent year of operation: purchases, $114,000; beginning inventory, $2

yuradex [85]

Answer:

ending finished inventory= $17,000

Explanation:

Giving the following information:

purchases, $114,000

beginning inventory, $27,000

cost of goods sold $124,000.

<u>To calculate the ending inventory, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

124,000 = 27,000 + 114,000 - ending finished inventory

ending finished inventory= 141,000 - 124,000

ending finished inventory= $17,000

8 0

2 years ago

Leslie, a first-grade teacher, recently received a pink slip notice informing her that she would be laid off next year. she has

Deffense [45]

Lazarus's model is about stress and cognitive appraisal and according to him, this is a two-way process: primary appraisal and secondary appraisal. And based on the given scenario above regarding Leslie's situation, I can say that she is now engaging in the secondary appraisal. Hope this helps.

4 0

3 years ago

Which of the following statements is true of training?

jeka57 [31]

Answer:

b. It is important to realize that for training to be effective, both learning and transfer of training are needed.

Explanation:

Training is an educational process which involves the sharpening of skills, concepts, changing of attitude and gaining more knowledge to enhance the performance of the employees.

3 0

3 years ago

What should you do when planning for college?

Vsevolod [243]

Answer:

a way to get a large amout of money (legally) to pay off the debt

more money for a place to live

and even more money to get food and other impoartant things to live

Explanation:

an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

and illegal alternative is to sell something adictive like drugs, cigs. or start a casino or scam pp, for money, or rob a bank

7 0

2 years ago

The best definition of a financial restatement is:________.