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2 years ago

Explain how maintaining a provision for doubtful debts is an application of the principle of Matching

1 answer:

4 0

Answer: The Matching Principle says that we should recognize expenses in the same period that it has helped generate revenue. Thus, recognizing an allowance for doubtful debts for the year resulting from sales would satisfy that principle.

Explanation:

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Sweat equity, and other methods of reducing the initial cost of getting a company off the ground without resorting to amassing o

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Answer:hes wrong i just failed a mf test cause of it the right answer is bootstrapping on oddy

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2 years ago

Question 38 All of the following statements regarding flextime are true EXCEPT it gives employees more personal control over tim

Vladimir79 [104]

Task conflict and interpersonal conflict are the two basic categories of intragroup conflict. Relationship conflicts entail challenges pertaining to individual ideas, attitudes, beliefs, and personality qualities, whereas task conflicts are caused by divergent objectives or an inability to satisfy the standards of the group.

Any sort of dispute involving two or more persons is referred to as interpersonal conflict. Contrasted with an intrapersonal conflict, which is an internal conflict with yourself, this is not the same thing. Interpersonal conflict, whether mild or severe, is a typical result of human contact. The conflict in a tale, which serves as the opposing force, typically falls into one of four categories: conflict with one's own nature, conflict with people, confrontation with the environment, or conflict with supernatural forces. The affiliation, connection, contact, and link between two or more individuals are all considered to constitute interpersonal relationships. There are several varieties of connections. This section emphasizes four different kinds of connections.

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1 year ago

the amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services

Elenna [48]

Gross dometic product

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2 years ago

A commercial building with a market value of $200,000 has an insurance policy with an 80 percent coinsurance clause. The owner c

RideAnS [48]

Answer:

$45,000

Explanation:

In this case the market value is $200,000 but the policy limit is only $120,000, with a coinsurance of 80%.

Since the amount of loss = $60,000, the insurance company will pay:

(stop limit / value) x loss = ($120,000 / $160,000*) x $60,000 = 0.75 x $60,000 = $45,000

*the $160,000 value is determined by multiplying the fair market value of the property times the coinsurance = $200,000 x 80% = $160,000

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3 years ago

Reagan Corp. acquired one hundred percent of Ford Inc. on January 1, 2016, at a price in excess of the subsidiary's fair value.

Artyom0805 [142]

Answer:

B. $497,000

Explanation:

Consolidated Balance of Equipment

Excess value at the acquisition $110,000

($350,000-$240000)

Book value as on Dec 31 2018 of Ford $170,000

Book value as on Dec 31 2018 of Regent $250,000

Less: excess depreciation <u>-$33,000 </u> ($110,000/10*3)

Consolidated balance of equipment <u>$497,000</u>

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3 years ago