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Could estimate based on sales method violate the matching principle true or false?
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What is one method the ecologists use to estimate the size of a population?
survey
Which method below could provide an estimate for the number of mailboxes in a neighborhood?
There is no useful or suitable method shown on the list below.
What is 84-55 with ballpark estimate and partial differences method?
139
What method should you use to determine the volume of an irregularly shaped object?
Google "Archimedes' Principle" and see if that gives you a clue...
What is the name of a method used to estimate a sum when all addends are close to the same value?
multiplication
What principle assumption or constraint does the direct write off method violate if uncollectibles are significant?
The accounts receivables will need to match the bad debt being written, and therefore this applies to the matching principle in accounting.
Weaknesses of the direct write-off method is?
Violates the matching principle
Which principle best describes the conceptual rationale for the method of matching depreciation expense with revenues?
Systematic and rational allocation
When a company decides to switch from the double-declining method to straight-line method this change should be handled as a?
Change in accounting estimate. The switch from double-declining balance method to straight-line method should be treated as a change in accounting estimate and accounted for prospectively. This change should not be applied retroactively.
Does lower of cost or market value rule violate historical cost basis?
the cost principle GAAP (generally accepted accounting principles) is violated by using this method of inventory cost flow as is the principle of conservatism as using this method will create the largest amount of net income which is good to show shareholders, bad for tax purposes and contradicts these two GAAP's.
What practice is when letting the expense follow the revenue?
This is the Accrual basis accounting method, which uses the matching principle (expenses following revenue) to record expenses when they are incurred, and revenue when it is earned (not on the date when cash is received or paid out).
Why double stub matching is better than single stub matching?
Because in single stub method stub position has to be adjustible which create error......this is notin the case of double stub position method.........
When to use a matching type assessment method?
Matching type assessment questions can be used when the answers require critical thinking. When the answer isn't straight forward, matching can help users identity concepts.
Which is more accurate to measure density Archimedes principle or water displacement method?
They are both the same. displacement method is another name for Archimedes' principle
Why is the direct write off method not accepted by GAAP?
There are two reasons why the direct write-off method is not allowed. First, applying the matching principle implies that the cost of the uncollectible accounts need to be expensed in the period of the sale. Giving credit to customers helps to generate sales (if this were not the case, the firm would simply demand payment at time of delivery). Thus, not creating an allowance violates the matching principle. Second, with the direct write-off method, accounts receivable are at the nominal value, whereas the 'true' value (the amount that is expected to be collectible) is most likely lower. Thus, the direct write-off is likely to overstate the value of accounts receivable.
What is the principle involved in the brine floatation method?
the principle of this test are used the method of a qualitative test for the detection of nematode and cestode eggs and coccidia oocysts in the faeces.
What type of dating involves matching up layers of rocks from two different areas?
Correlative dating matches that definition.
