Depletion is used as a deduction from the gross income
So if we're wrong in putting the depletion data, it will be very likely that the income statement for the following period would be overstated
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
<h3>What is a chart of accounts?</h3>
chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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Answer:
D. is big business today and is expected to be more important in the future.
Explanation:
Advancement in technology, improved logistics and transports networks, and cooperation between countries are some of the reasons making international trade grow exponentially. The flow of people and commodities across borders is much faster and easier in modern times. Many countries also have liberalized their economies, resulting in fewer restrictions on imports and exports.
Due to these reasons, international trade has become very competitive. The quantities and value of international trade are increasing and will continue to grow. The interdependence of firms in and countries mean that international trade will remain important.
Answer:
A Notary Signing Agent creates a new advertisement in the local Pennysaver that uses the phrase "On time 24/7." Is this allowed? Yes, this is allowed.
What kind of rings? In which way? Is it a figure of speech?
