Which accounting principle or concept is not being applied when the direct write-off method of accounting for bad debts is being used by a business?
a. Full-disclosure principle
b. Partnership concept
c. Matching principle
d. Cash principle
e. Discounting principle
c
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How do improperly structured incentives lead to a lack of coordination in the supply chain?
What will be an ideal response?
________ can compare two or more data sets to identify patterns and trends.
A. Competitive analysis B. Data-driven decision management C. Comparative analysis D. Competitive monitoring
Riverton Corp., which began business at the start of the current year, had the following data:Planned and actual production: 40,000 unitsSales: 37,000 units at $15 per unitProduction costs:Variable: $4 per unitFixed: $260,000Selling and administrative costs:Variable: $1 per unitFixed: $32,000The contribution margin that the company would disclose on a variable-costing income statement is:
A. $370,000. B. $166,500. C. $147,000. D. $97,500. E. None of the answers is correct.
________ are used to pay losses that are not covered by other liability insurance.
A. Worker's compensation insurance B. General liability insurance C. Unemployment insurance D. Product liability insurance