Which of the following statements, if any, concerning the modified cash basis of accounting is/are correct?
i. the modified cash basis of accounting employs some elements of accrual accounting.
ii. to be acceptable, modifications to the cash basis of accounting must have substantial support in practice.
options:
a. i only.
b. ii only.
c. both i and ii.
Answers: 2
Another question on Business
Business, 21.06.2019 23:10
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
Business, 22.06.2019 22:00
Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.
Answers: 2
Business, 23.06.2019 07:40
S. you are changing planes in london for a flight to paris where you will connect with your flight to capetown. you are picking up reading material for the flight and are looking at the prices listed on the economist magazine which conveniently lists prices in several different global currencies. you note that the price in pounds is 2.40 pounds and the price in euros is 2 euros. the exchange rate for the dollar (your credit card was issued in the usa) is $1.59/pound and s1.3837/euro. should you buy reading materials now or wait until you're in paris?
Answers: 3
Business, 23.06.2019 12:10
When the united states buys more products than it sells from other countries what is created?
Answers: 3
You know the right answer?
Which of the following statements, if any, concerning the modified cash basis of accounting is/are c...
Questions
Chemistry, 08.07.2019 13:30
Mathematics, 08.07.2019 13:30
Social Studies, 08.07.2019 13:30
Social Studies, 08.07.2019 13:30
Biology, 08.07.2019 13:30
