Why is the matching principle important?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (14 reviews)
Matching nets expenses against the revenues they genera...View the full answer
Answered By
Jayshree Rathi
Hello Students!
This is Jayshree Rathi. I work on a number of renowned student-centric channels such as Chegg, coursehero, as a certified private tutor.
If you are looking for relevant and original content to complete your assignments, essays, and homework, then contact me and within the promised time, I will deliver you your personalized academic work and help you score the best.
4.80+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Explain the matching principle. How is the matching principle related to the realization concept?
-
Why is the shelter principle an important legal concept as it relates to negotiable instruments?
-
the matching principle determines a where in the profits and loss account revenues should be presented b where in the income statement expenses should be presented c how costs are allocated between...
-
List all paths from A to H. Which paths have the lowest weight? Which path has shortest length? Is the graph connected (strongly or weakly)? 3 12 15 18 F 10 5 19 B' H 10 6 5 3 22 E G
-
Plantcity is a large nursery and retail store specializing in house and garden plants and supplies. Jean Raouth, the assistant manager, is in the process of budgeting monthly supplies expense for...
-
What is the meaning of these ARM condition codes? a. EQ b. NE c. MI d. VS e. GE f. LT
-
Consider the inspection described in Example 2.11. From a bin of 50 parts, 6 parts are selected randomly without replacement. The bin contains 3 defective parts and 47 nondefective parts. What is the...
-
A company uses exponential smoothing with trend to forecast monthly sales of its product, which show a trend pattern. At the end of week 5, the company wants to forecast sales for week 6. The trend...
-
3) What are the EBIT for these years? 4) Suppose all other operating expenses are paid by cash. What is the cash from operations in 2020? Hint: When applying the indirect method, you need to take...
-
Company Selection and Financial Retrieval: Pick a public company that piques your interest. Obtain its latest financial statements. 2. Cash Flow Interpretation: Using the acquired financial data,...
-
Is amortization of a patent right an appropriate expense in measuring value added in operations?
-
Why do fundamental analysts want accountants to follow the reliability criterion when preparing financial reports?
-
Pablo agreed to lend Marco $500. Thereupon Marco made and delivered his note for $500 payable to Pablo or order "ten days after my marriage." Shortly thereafter Marco was married. Is the instrument...
-
As shown below, a 48 kg bar that is 3.4 m long is set up to rotate about its center (the yellow circle). Force B is acting 79 cm from the left end of the bar. Express each answer using appropriate...
-
Five Styrofoam balls are suspended from insulating threads. Several experiments are performed on the balls and the following observations are made: Ball B attracts D and repels E. Ball C attracts D...
-
You are handed a 5.00 x 10-3-kg coin and told that it is gold. You discover that the coin has a volume of 5.90 x 10-7 m. You know that the density of gold is 19 300 kg/m. Have you really been handed...
-
An electron is described by the 1D wave function: (x) = 8 < : 0 for x < 0 p 12a (e????ax ???? e????2ax) for x > 0 (1) where a is a real constant with dimensions m????1 (i) What is the probability of...
-
5. a) Determine the fraction of surface sites occupied with Ar atoms if the site energy is A-0.6, 0.7, and 0.8 eV, assuming a gas pressure of 1 atm and T-300 K. b) Show that the crossover from...
-
In October 2020 Keith sells an antique cabinet for 7,200. He incurs incidental costs of disposal amounting to 200. The cabinet cost Keith 2,300 in July 2012. Compute the chargeable gain.
-
What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?
-
Write the rate law and the molecularity for each of the following elementary reactions. (a) CH5C1 CH4 + HC1 (b) NO + O3 NO + O (c) HI + CHI CH6 + 1
-
The cigarette industry is subject to litigation for health hazards posed by its products. The industry has been in an ongoing process of negotiating a settlement of these claims with state and...
-
Refer to the Lufthansa example on asset depreciation estimates. What adjustments would be required if Lufthansas aircraft depreciation were computed using an average life of 25 years and salvage...
-
In early 2003, Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers warehouses...
-
Hall & Company issues $ 1 0 0 , 0 0 0 , 0 0 0 in 6 % bonds with detachable warrants of 1 0 warrants for each $ 1 , 0 0 0 bond. The bonds are issued at 9 9 . Record the issuance under the following...
-
Assume that hein acquired Dolan Development last year. Hein recorded the following intangible assets on the date of acquisition: Goodwill: $ 1 , 5 0 0 , 0 0 0 Dolan Development trademark: $ 6 0 0 , 0...
-
What is the total amount of interest that will be paid of the loan is carried to term with no extra payments made building cost 3 3 0 0 0 0 . loan started im Dec 2 0 2 3 worh a 7 . 5 % interest rate...
Study smarter with the SolutionInn App