Answer:
The correct answer is C.
Explanation:
In the inventory of a company, when it is on the balance sheet date, goods in transit purchased at an f.o.b. shipping point must be included.
Goods in transit are goods that are not physically in the warehouse but have already been paid for by the company. This already acquired merchandise is property of the company, only that its arrival is only waited for to the deposit.
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Answer:
Business-facing processes
Explanation:
As we know that preparation of the financial statements is necessary for all the types of the organization whether small or large, private or public company, etc.
The preparation of the financial statement is done by the accounting and finance department of the organization.
The functions like creating financial statements, paying accounts payable, and collecting accounts receivables are done by business organizations so that no problem will exist in the future.
Such types of business organization are called legal organization who are conducting their business activities in an ethically manner
Answer:
A decision under uncertainty is a decisional problem.
If the government and central bank don’t follow the economic policy, it could result in an economic depression