The accounting principle that requires that a product's selling cost be recording in the same period as the product's revenue, regardless of when the cash is received, is an example of Group of answer choices the cash basis method the accrual method historical cost principle the matching principle
The accounting principle that requires that a product's selling cost be recording in the same period as the product's revenue, regardless of when the cash is received, is an example of Group of answer choices the cash basis method the accrual method historical cost principle the matching principle
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
45
The accounting principle that requires that a product's selling cost be recording in the same period as the product's revenue, regardless of when the cash is received, is an example of
Group of answer choices
the cash basis method
the accrual method
historical cost principle
the matching principle
46.
In order to increase liquidity, ABC Motor Company bundled its customers' installment payments and resold them to other investors. This is known as
Group of answer choices
reclassification
desperation
securitization
factoring
48.
A treasurer is deciding between a taxable security and a tax-exempt security. The company's interest rate is 35%. The tax exempt bond has a yield of 3.85%. The taxable equivalent yield for is 4.38%
Group of answer choices
True
False
51.
A US based company that buys components from one of its foreign subsidiaries at a price above market is likely to
Group of answer choices
get large dividends by the subsidiary
ask for the money back
shifting from a high tax country to a low tax country
need tax consultants to be intermediaries
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