2. The principle or assumption dictating that efforts (expenses) be matched with accomplishments (revenues) is the: a.

Question:

2. The principle or assumption dictating that efforts (expenses)

be matched with accomplishments (revenues) is the:

a. matching principle.

b. cost assumption.

c. periodicity principle.

d. revenue recognition principle.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

See More Books

Question Posted: Sep 19, 2024 06:04 AM

See More Questions

Davis Company opened a Web page design business on January 1 of the current year. The following information relates to Davis Companys operations during the current year: 1. On February 1, Davis...
The biconnected components of a graph G is a partition of the edges into sets such that the graph formed by each set of edges is biconnected. Modify the algorithm in Figure 9.69 to find the...
Comprehensive Problem; Second Production DepartmentWeighted-Average Method Old Country Links Inc. produces sausages in three production departmentsMixing, Casing and Curing, and Packaging. In the...
2. The principle or assumption dictating that efforts (expenses) be matched with accomplishments (revenues) is the: a. matching principle. b. cost assumption. c. periodicity principle. d. revenue...
1. What micro-environmental factors have affected Fitbit since it opened for business? 2. How should Fitbit overcome the threats and obstacles it faces? 3. What factors in the marketing environment...
Frasier Industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting records show the following: The Raw Materials Inventory account had a beginning balance of...
=+d. What proportion of strength observations in this sample exceed 10 MPa?
=+c. Do there appear to be any outlying strength values?
Visit the website of Rogers Communications (http://rogers.com/) and compare the 4Ps marketing mix for its BlackBerry Bold Series and BlackBerry Tour Series. What factors might explain the differences...
Post an explanation of how identity, privilege, power, and oppression influence professional practice based on Janet Helms's explanation in the Microtraining Associates video. Then explain the...
VWX Inc., has sales of $500,000, net income of $80,000, dividend payout of 50%, total assets of $700,000 and target debt-equity ratio of 1.5. If the company grows at its sustainable growth rate in...
Because a mother does not want to "spoil" her new born baby. She feeds and takes care of her baby's physical needs when she thinks the baby needs care, not when the baby cries to indicate their...
Application of Core Conflictual Relationship Theme (CCRT) Therapy to counselling immigrants and refugees Evidence understanding of applying a contemporary psychodynamic theory which can be modified...
Which of the following features of "There Will Come Soft Rains" does not reflect postmodernism? A . Its pastiche characteristics and blending of genres: elements of satire, speculative fiction,...
What is the mass of a 1.00-Ci 14/8C source?
Global.asax is used for: a. declare application variables O b. all other answers are wrong O c. declare global variables O d. handle application events
A company presented its income statement using the following format: Sales revenue ...................................... $x Cost of goods sold ................................. x Gross profit...
Listed below are selected companies, accompanied by a brief description of their business: 1. Toys "R" Us, Inc. sells toys. 2. Fasken Martineau Dumoulin LLP is a law firm. 3. Atlantic Grocery...
Montmorency Lte reported the following condensed income statement data (in thousands) for the year ended August 31, 2015: Administrative expenses ....................... $ 670 Cost of goods sold...

2. The principle or assumption dictating that efforts (expenses) be matched with accomplishments (revenues) is the: a.

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions