Answer:
A. $ 8 comma 730.
Explanation:
The computation is shown below:
For 1 - 30 days
= $61,000 × 2%
= $1,220
For 31 - 60 days
= $44,000 × 5%
= $2,200
For 61 - 90 days
= $21,000 × 11%
= $2,310
Over 90 days
= $9,000 × 50%
= $4,500
So, the total amount is
= $1,220 + $2,200 + $2,310 + $4,500
= $10,230
Now the Account Expense is
= Total expense - credit balance
= $10,230 - $1,500
= $8,730
Answer:
Letter d is correct. <u>Full disclosure.</u>
Explanation:
The accounting principle of full disclosure can be defined as GAAP requirements for an organization's management to provide all key information about the company's operations to investors and creditors, so that such external users can use the financial statements and notes. relevant footers to assist in the decision-making process.
Therefore, the main objective of the full disclosure principle is that there is a principle of transparency for organizations in the disclosure of financial information capable of influencing the judgment of external users, such as past transactions and future contingent events to third parties.
Answer:
The correct answer is c. reformation.
Explanation:
The reform is usually an initiative or a project that seeks to implement an innovation or achieve an improvement in some system or structure. Said reform may be made on something physical and concrete (such as a house), or on a symbolic or abstract question (a law, a mode of organization, etc.).
To reform legislation, the implementation of various mechanisms depending on the country or region is required. In general, a broad social consensus and agreement between different political sectors is required.
