lisaaprice14

20.02.2020 • 

Business

Which of the following is the definition for the "time period concept"?

Select one:
a. Assumes that a business's activities can be sliced into small time segments and that financial statements can be prepared for specific periods.
b. Requires companies to record revenue when it has been earned and determines the amount of revenue to record.
c. Guide accounting for expenses, ensures that all expenses are recorded when they are incurred during the period, and matches those expenses against the revenues of the period.

Ответ:

erincnw9939

19.01.2022

Business

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a. Assumes that a business's activities can be sliced into small time segments and that financial statements can be prepared for specific periods.

Explanation:

Time period helps to measure financial performance with corresponding time frame and for comparison, there should similar equal time space available to all who are being compared.

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Ответ:

kaygirlnelson6258

16.04.2021

Business

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0.59 ± 0.081 = (0.671, 0.509)  
Explanation: 
The sample proportion, p = 118/200 = 0.59 
The test statistic at 98% confidence interval is given by : 
p + z*Sqrt(p(1-p)/n) ; p - z*Sqrt(p(1-p)/n) 
z at 98% C.I. is 2.33 
Therefore, 0.59 + 2.33 * sqrt(0.59*(1-0.59)/200) and 0.59 + 2.33 * sqrt(0.59*
(1-0.59)/200)
 =0.59 + 0.081 and 0.59 - 0.081
 =0.671, 0.509

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