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MAXImum [283]
2 years ago
6

he post-closing trial balance differs from the adjusted trial balance in that it does not a.include income statement accounts b.

take into account closing entries c.take into account adjusting entries d.include balance sheet accounts
Business
1 answer:
marshall27 [118]2 years ago
8 0

Trial balance is a statement of all debits and credits in a double-entry account book is does not include income statement accounts.

What is trial balance?

An accounting worksheet where the balance of all general ledger accounts for debit and credit is equal is referred to as a "trial balance" in a financial report.

Because they are entries of the statements of operation expenses and revenue, trial balances are included in account closure entries and account adjusting entries but not in balance sheet accounts or income statement accounts.

As a result, option a is correct does not included income statement account.

Learn more about on trial balance, here:

brainly.com/question/15059786

#SPJ1

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Which fiscal stimulus policy will provide a greater incentive to work?
andrew11 [14]

Answer:

D.

an income tax rate cut

Explanation:

Fiscal stimulus programs are government policies aimed at accelerating growth in times of recessions. The government adjusts its spending or tax rates to influence the economy's direction. A stimulus is meant to increase output and increase income.

An income tax rate cut increases the amount of disposable income of consumers. An increase in disposable incomes boosts consumer spending, which results in increased demand. Firms in the service and manufacturing industries will respond to the rise in demand by increasing production. A rise in output creates employment opportunities.

3 0
3 years ago
Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 1 c
Hunter-Best [27]

Answer:

$8,775

Explanation:

Forty Winks Corporation

March Night stand + April Night Stand × direct labour hours × direct labour rate.

$1,600+ $1,100 =$2,700

$2,700×0.25 direct labor hours =$675

$675×labor rate of $ 13.00=$8,775

The total combined direct labor cost that Forty Winks Corporation should budget in March and​ April is $8,775

6 0
3 years ago
Read 2 more answers
Two or more products are produced using limited resources. The firm would like to determine how many units of each product it sh
inysia [295]

Answer: Product-mix

Explanation:

From the given case/scenario, we can state that this situation describes the problem of product-mix. Product mix that is also known as or referred to as product assortment, tends to refer to total number of product/commodity lines that an organization offers to an individual or to its customers.There are four dimensions to an organization's product mix, these are length, width, consistency and depth.

3 0
3 years ago
An​ "excessive" budget deficit in this context is
rjkz [21]

Answer:

A) A relatively large budget deficit as a percentage of GDP beyond the European​ Union's deficit and debt rules.

Explanation:

A budget deficit is when the governments have more expenditures in a budgeted year than they have the revenues in form of taxes and other incomes. A deficit is excessive if it is large in comparison to the GDP.

In the European Union the budget deficit is considered excessive if it exceeds 3% of the running years GDP.

A public debt percentage to GDP of 60% or above is considered excessive as most of the GDP then is used for debt servicing and thus impacts negatively on the financial health of the country.

Hope that helps.

6 0
3 years ago
On January​ 2, 2017, Kellogg Corporation acquired equipment for​$800,000. The estimated life of the equipment is 5 years or​ 80,
lesya692 [45]

Answer:

Book value of the asset = $484,000

Explanation:

Given:

Equipment cost = $800,000

Residual value = $10,000

Computation:

Depreciation = (Equipment cost - Residual value) /  Life

Depreciation = ($800,000 - $ 10,000) / 5

Depreciation = $ 158,000 per year

Depreciation for 2 year =$ 158,000 x 2

Depreciation for 2 year = $316,000

Book value of the asset = Equipment cost - Depreciation for 2 year

Book value of the asset = $800,000 - $316,000

Book value of the asset = $484,000

6 0
3 years ago
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