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2 years ago

Marking brainliest! What is an example of a public corporation?

Business

2 answers:

Paha777 [63]2 years ago

8 0

I think it is Library

stepladder [879]2 years ago

5 0

Answer:

Library

maybe

probably because many people

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A trial balance is a(n) (list/balance/chart) ___ of accounts and their balances at a point in time and is used to confirm that t

katovenus [111]

Answer:

The correct words for the blank spaces is: list; credit.

Explanation:

A Trial Balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check.

3 0

4 years ago

On October 1, Eder Fabrication borrowed $55 million and issued a nine-month, 13% promissory note. Interest was payable at maturi

vesna_86 [32]

Answer:

Issuance of the note:

Debit Cash $55,000,000

Credit Notes payable $55,000,000

(To recognize notes payable)

On December 31:

Debit Interest expense $5,362,500

Credit Interest payable $5,362,500

(To recognize the interest payable at Dec 31)

If Eder Fabrication chooses to pay off on December 31, the following entries would apply:

Debit Notes payable $55,000,000

Debit Interest payable $5,362,500

Credit Cash $60,362,500

(Payment of notes payable)

Explanation:

Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $55,000,000 x 13%/12 x 9 months = $5,362,500.

Monthly interest expense is therefore $5,362,500 / 9 months = $595,833.33.

8 0

3 years ago

Four effects of financial irresponsibility

gladu [14]

Effect 1: Your money will plummet down
Effect 2: you won't have much to invest to help you get back economically
Effect 3: Your business with foreclose
Effect 4: Your house bills won't be paid because your business was closed.

5 0

3 years ago

Of the people described below, who would be counted as unemployed? Choose one or more: A. a 55-year-old steel worker who was lai

SCORPION-xisa [38]

Answer:

E. a 17-year-old single parent who has just been laid off and is looking for a new job

D. a student who quit college to look for a modeling job in New York

Explanation:

who would be counted as unemployed?

The unemployed rate only considers unemploye people in the labor force who is actively looking for a job currently.

A and C: As this lady cease to looking for a job it will not be considered part of the labor force same case for the student. Is not part of the labor force as it not looking for a job right now,

F and G: these people are employeed so count as employees.

B. an able-bodied 53-year-old who took an early retirement package from her employer Is retired and we aren't given with the information is looking for a job. So, it will not count as unemployeed

D and E are both willing to work and are looking actively for a job.

Thus, they count as unemployed.

3 0

3 years ago

If a partnership is liquidated, how is the final allocation of business assets made to the partners? Group of answer choices

Tpy6a [65]

Answer: C

Explanation:

Final capital account balance is talking about the final financial status of the partnership business at liquidation. The final allocation will be made based on the financial status of the business.

8 0

3 years ago