Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. company c is a chocolate factory and retailer. the

Company C is a chocolate factory and retailer. The company sells factory tours that include...

60.1K

Verified Solution

Question

Accounting

Company C is a chocolate factory and retailer. The company sells factory tours that include a free sample of cocoa nibs. The cost of the cocoa nibs set out for tour guests is simply recorded as an expense together with other promotional expenses.

This is an example of an application of which accounting principle?

A. Consistency

B. Money Measurement

C. Materiality

D. Relevance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Why don’t we memorize a definite integral table?

Basic Math
Q

Properties/Characteristics You are to write down as many properties and/or characteristics of materials as you can think...

Civil Engineering
Q

less than 250 words, what it might be like to live with a psychotic disorder. What...

Psychology
Q

n identical cells are joined in series with its two cells A and B in...

Physics
Q

A student performs an experiment to determine the Young s modulus of wire exactly 2...

Physics
Q

is this correct? urgent plz QS 1-9 (Algo) Determining effects of transactions...

Accounting
Q

Which of the following makes oral communication more difficult...

Accounting
Q

May June July Sales 86000 90000 95000 Manufacturing Costs 34000 39000 44000 Selling...

Accounting
Q

Target is considering establishing a new store in New York. The store has an estimated...

Accounting
Q

\table[[Account,Company X,Company Y,Company Z],[Cost of goods sold,$1,980,000,$4,338,000,$3,234,000

Accounting
Q

Question 14 Carrocos balance sheet shows total of 238.000 and total of 107.000. Thema 55.000...

Finance
Q

Assume the interest rate in the market for one-year zero-coupon government bonds is 4.0% and...

Finance