Under the accrual basis of accounting: a. cash must be received before revenue is recognized. b. a company’s accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles. c. net income is calculated by matching cash outflows against cash inflows. d. events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.