Following would have resulted fro of answer choices crease in cash rease in salaries expense ease in salaries payable of the above

Q: Differentiate between the accrual method and cash method?

A: The Cash Method: Revenue is reported on the income statement only when cash is received. Expenses…

Q: xplain goodwill impact on balance sheet, cashflow or income statement???? With examples

A: On a corporation's balance sheet, "goodwill" symbolizes the value that the firm got when it…

Q: How does a decrease in income taxes receivables on the balance sheet, impact cash flow?  What is the…

A: Step 1   The statement of cash flows is a statement that shows cash flows movements.

Q: a)  Explain the difference between: Capital expenditure and revenue expenditure, giving an example…

A: Capital Expenditure: It is a expenditure made by company to acquire or renovate a property, plant or…

Q: Discuss the differences between cash basis accounting and accrual basis accounting. What are the…

A: The fundamental principle of accrual basis accounting is the matching principle, which aims to match…

Q: Should options given as part of compensationpackages be reported on the income statement asan…

A: Stock options are recognized as a compensation expense in the financial statements of a company.…

Q: On January 1, 2025, Martinez Corporation redeemed $630,000 of bonds at 98. At the time of…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: ccounting" What are you looking for in terms of compensation and benefits?

A: Accounting is the process of measuring, processing, and communicating financial information about an…

Q: rual profit

A: Difference between Cash and Accrual Profit The cash basis and accrual basis of accounting are two…

Q: why is income tax expense shown in the income statement different from the income tax paid shown in…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Ron Valdez worked for two different employers. Until May, he worked for Rowland Construction Company…

A: Taxation  The term "taxation" refers to the process through which a taxing authority, typically a…

Q: What are the disadvantages of only accounting for cash income and expenses in basic cost and return…

A: Cost and return analysis is also regarded as cost-benefit analysis which is carried out to make…

Q: How is net income adjusted for pension costs under the indirect method of preparing the statement of…

A: The objective of the question is to understand how pension costs are adjusted in the net income…