Anwser - 3:2 I’m not sure if u still need help
In the accounting cycle, the last step is to prepare a post-closing trial balance.
Answer:
Ethical
Explanation:
The ethical dilemma means the uncertainties form that developed due to violation of the moral standard that would be held in our life
It would be considered right when she tells to the client regrading the mice problem but she is discouraged as she know that if she do this than she would mess up with the sales that decrease the salary
So this given situation represent an ethical dilemma
Answer: d. Is established to protect the corporation's creditors.
Explanation:
A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.
The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.
With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.
<h3>What is an
income statement?</h3>
An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.
Rent expenses = $2,400 prepaid rent / 12 months
Rent expenses = $200 per month
Rent expenses = $200 rent expense per month x 5 months (in Year 2)
Rent expenses = $1,000 rent expense
In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.
Read more about income statement
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