Business, 10.10.2019 20:00, danielle413
Every winter, bonnie’s boutique hires 10 seasonal employees to work from november 15 through january 15. the workers are paid 25% of their total salary in november, 50% of their total salary in december, and the remaining 25% of their total salary in january. bonnie’s boutique recognizes all salary expenses related to these workers at the end of january. in this scenario, bonnie’s has
a. violated the matching principle because this principle requires the firm to recognize 25% of the total salary expense in november, 50% in december, and 25% in january.
b. has not violated gaap because generally accepted accounting principles require that companies use accrual-basis accounting.
c. violated gaap because generally accepted accounting principles require that companies use cash-basis accounting.
d. not violated the matching principle because this principle requires that all of the seasonal employees’ salary expenses be recognized in january, at the end of their employment period.
Answers: 2
Business, 22.06.2019 03:00, crobinson7206
Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors
Answers: 3
Business, 22.06.2019 11:00, cranfordjacori
The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.
Answers: 2
Business, 22.06.2019 21:20, hellodarkness14
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
Answers: 1
Every winter, bonnie’s boutique hires 10 seasonal employees to work from november 15 through january...
English, 20.11.2020 19:10
English, 20.11.2020 19:10
Arts, 20.11.2020 19:10
Mathematics, 20.11.2020 19:10
Mathematics, 20.11.2020 19:10