The matching principle requires businesses to report Warranty Expense ________.
A) in the same period that the company records the revenue related to that warranty
B) in the period prior to which the company records the revenue related to that warranty
C) in the period after the related revenue is recorded
D) in the long-term assets section of the balance sheet
Ans: A) in the same period that the company records the revenue related to that warranty
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Which of the following actions should a marketer take in response to the new economy?
A) Offer selected discounts. B) Cut marketing budgets. C) Hold the line on prices. D) Cut costs. E) Discontinue products.
The ______ describes choosing the moral middle ground between extremes.
Fill in the blank(s) with the appropriate word(s).
________ is a factor that helps executives decide if there is a good financial incentive for attempting a technological innovation.
A. Organizational suitability B. Economic viability C. Technological feasibility D. Market receptiveness E. Competence development
James Dean received the following this year. ? Scholarship for college tuition and fees$20,000Scholarship for college room and board$13,100Chamber of Commerce citizenship award$1,500Inheritance from great uncle$38,000Compute James' gross income.
A. $0 B. $39,500 C. $38,000 D. $14,600