Answer:
2. A result of recognizing revenues and expenses that arise from the same transaction.
Explanation:
Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.
It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.
Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.
Answer:
B
Explanation:
A telescope is used to look at stars and planets, not a patient.
Answer:
O D. $24.000
Explanation:
Under the straight-line depreciation method, the depreciation amount is a constant figure throughout the life of an asset. It means that every year, the amount charged as depreciation is the same throughout the life of the asset.
For the stone pizza, the depreciation per year is $8000. In three years, the amount of accumulated depreciation will be $8000 multiplied by three years.
=$8000 x 3 years
=$24,000
Answer:
secondary data
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