Companies using the accrual concept of accounting to complete the measurement process at the year end through the recording of adjusting entries.
<h3>What is an accrual concept?</h3>
An accrual concept is one of the method which records the incomes at the time when it is earned or charges when it is incurred.
Adjusting entries are the entries recorded in the accounting books to close all the accounts at the year end. It helps in determining the correct amount of charges and revenues at the time of finalizing the accounting statements.
Therefore, the adjusting entries are used by the company to complete the measurement process while applying the accrual concept.
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Answer:
The answer is letter C
Explanation:
The true statement is to profit in this situation, the investor should buy the bonds and short the stock.
In this text, we learn about the behaviour of the government official responsible for signing the contract. The official appears to be demanding money known as a "finder's fee." However, this was not part of the official agreement, and appears unethical to you. The official justifies it by saying that it is common place in his country. These actions would be considered both ilegal (because they go against the law) and unethical (because they do not follow the values that society accepts as fair). Some executives might think that reacting in this way can cause American corporations to suffer a competitive disadvantage. However, I disagree. While in some cases this might mean that American corporations cannot compete with other, more corrupt corporations, following the law is likely to lead to peace and stability, which ultimately benefits corporations.
Answer: $25 billion
Explanation:
The increase in cash as a result of a deposit into the banking system, no cash leakages and a required-reserve ratio is:
= Deposit into banking system * Money multiplier
Money multiplier = 1 / Required reserve ratio
= 1 / 20%
= 5
Checkable deposit increase:
= 5 billion * 5
= $25 billion