The right answer for the question that is being asked and shown above is that: "c. the revenue recognition principle. " Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is <span>the revenue recognition principle. </span>
Answer:
A.There has been a renewed emphasis on integrative thinking and solving problems cross-functionally.
Explanation:
In order to live competing in the present marketing situation, various firms have commenced preparing their employees to hinder viewing obstacles as strictly operative, an accounting problem, or a marketing obstacle, concerning example, there has been a restored emphasis on integrative reasoning as well as working problem cross-functionally this trend explains concerning strategic management. Basically, as we know that strategic management is the ongoing planning, analysis, monitoring as well as evaluation of all that is essential for an association to meet its aims as well as objectives.
Answer:
Here no loss would be recognized by Julian on the transfer of shares and his basis inn Apricot corporation would be $400,000.
Explanation:
In the case of transfer of share made by Julian ( from Lemon company to Apricot company ) , no loss would be recognized by him, as the loss or gain would have been recognized only when the sale was made but that didn't happened.
His basis in the Apricot corporation would be equal to his tax basis in the Lemon company, so therefore his basis is equal to $400,000.
Answer:
2012 net profit = 100/122 x $187,000
2012 net profit = $153,279
Explanation:
Since the pro-forma net profit for 2013 is $187,000 which increases by 22% over the net profit of 2012, thus, the 2012 net profit is 100/122 of 2013 pro-forma net profit.
