Answer:
This statement describes. c) revenue recognition
Explanation:
The revenue recognition principle states that one should only record revenue when it has been earned, not when the related cash is collected.
Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 billion USD to acquire Coca-Cola Enterprises, its largest bottling partner, it reversed course in 2015 and sold off all its bottling operations. This is an example of a <u>failed diversification effort</u>.
<u>Explanation</u>:
Diversification efforts are taken by the organizations to achieve desired outcomes but sometimes they fail in it. The following are the reason for failure of diversification effort:
- failing to integrate acquisitions
- unable to understand how the acquired organization’s assets would fit with their own lines of business
- paying high premium for the target's common stock
- not acting in best interest of shareholders
The diversification strategy is adopted by many organizations to develop its business. In the above scenario, Coca-Cola Enterprises adopted diversification effort but failed in it.
Not a job, but you can baby sit for people if you know how to take care of kids
<span>The GDP of Gulmirah is equal to approximately "</span>$19.70 billion".
All of these exercises add to the Gross domestic product of a nation. The Gross domestic product estimation additionally represents spending on exports and imports. In this way, a nation's Gross domestic product is a measure of consumer spending (C) in addition to business investment (I) and government spending (G) and additionally its net exports, which is exports-imports (X-M).
