Illustrating with examples, what is the conflict between the following concepts: I) The matching rule and the materiality convention ii) The materiality convention and the objectivity convention iii) The separate entity assumption and the substance over form convention

During March 2002 JSmith purchased goods to the value of $3000 one third of which was sold for $ 1 200 during March. Rental and electricity for the month amounted to $200 and electricity to $30. Which amounts represents the total costs to be taken into account against income according to the...

Hi again, I was wondering if anyone might know how to check my answers to these questions on accounting... thanks! 1. The current portion of long-term debt should a. not be separated from the long-term portion of debt. b. be paid immediately. c. be reclassified as a current...

the company has a variable cost ratio of 65% and monthly fixed costs of $91000. What is the company's break even point in terms of sale dollars

Define the concept of matching revenues and expenses.