Mathematics, 27.09.2020 14:01, cookiemonster0476
A tire manufacturing company took a bank loan in November 2014 to increase production. The yearly interest payable on the loan is $10,000. The
company made the first interest payment of $10,000 on February 21, 2015. However, it recorded this amount as a loan interest expense in its financial
statements for the year 2014. To which accounting principle is this practice related? The company's accounting period is from January 1 to December
31.
objectivity principle
revenue recognition principle
o accrual principle
Dual-aspect principle
Answers: 1
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 17:00, Taylor129
Imogene invested $8,000 in a bank account that pays 8 percent simple interest at the end of each year. her friend invested the same amount in stocks where the growth of the investment is represented as 2,000 times the square root of 2 less than the time lapsed in years. if y1 and y2 represent the amount earned in dollars and t is the time lapsed in years, which system of equations correctly represents the situation?
Answers: 1
Mathematics, 21.06.2019 18:00, TheIncognateo
The larger of two number is 4 less than twice the smaller number. the sum is 41. find the numbers
Answers: 2
Mathematics, 21.06.2019 22:00, alexisgonzales4752
Find an bif a = {3, 6, 9, 12) and b = {2, 4, 6, 8, 10).
Answers: 1
Do you know the correct answer?
A tire manufacturing company took a bank loan in November 2014 to increase production. The yearly in...
Questions in other subjects:
Social Studies, 30.10.2019 00:31
Social Studies, 30.10.2019 00:31
Mathematics, 30.10.2019 00:31
History, 30.10.2019 00:31
