Answer:
B. Credit to sales revenue
Explanation:
As per revenue recognition principle, revenue should be recognized when it is earned and not when cash is received.
As per accrual basis of accounting, revenue is to be recognized when the ownership of the goods has been passed by the seller to the buyer and there is reasonable assurance that payment would be received.
When a sale is effected and goods are delivered with reasonable certainty that payment would be received, following journal entry is recorded:
Accounts Receivable A/C Dr.
To Sales Revenue
(Being equipment sold recorded)
Answer:
Integrity
Explanation:
Organizational culture consists of shared assumptions, values, and beliefs, which governs how people behave in organizations. These values determines how people behave in an organizational settings and there are different characteristics ranging from innovation, teamwork, stability etc. The main one that addresses degree people exhibit integrity and high ethical standards is Integrity.
Answer:
Correct answer is A.
<u>Holly's basis is $98,000</u>
<u>Recognized Gain is $4,000</u>
Explanation:
Holly's basis = Carryover basis = $98,000
Recognized gain = Sale value - Basis
= $102,000 - $98,000
= $4,000
Answer:
branded
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this is an example of branded content. This is a product that is produced by a specific company under a specific name, and anything under that name is in term owned by the company that owned that name. Therefore they can make decisions on how to use that product.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
a. The division’s basic earning power ratio is above the average of other firms in its industry.
Explanation:
All the rest of the option in the question results in less efficiency of the company's division. In order to achieve a better grade Option A is the only choice.
