Which statement is correct? The cash basis of accounting is objective because no one can be certain of the amount of revenue until the cash is received. The use of the cash basis of accounting violates both the revenue recognition and expense recognition principles. As long as management is ethical, there are no problems with using the cash basis of accounting. As long as a company consistently uses the cash basis of accounting, generally accepted accounting principles allow its use.

The cash basis of accounting is objective because no one can be certain of the amount of revenue until the cash is received.

Explanation:

In accounting there are two methods used to record transactions. There is the accrual method that records transactions where expense is incurred and revenue is earned, but it is not necessary that cash has been spent or received. For example if wages are outstanding bfor a half month and financial statement is written. It will recognise the amount we should have paid to date of salary even if we have not paid anyone (that is wages payable).

On the other hand cash basis accounting is where transactions are recorded only when cash has been received or spent. For example a revenue is recognised when it is collected.

This is a more obejective approach as it recognises what the business actually gets while in accrual accounting from an accounts receivable big $100,000 the business may eventually get only $70,000. This is not as objective as cash basis.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

decentralization can the employees to get more involved in the business decision making