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Nana76 [90]
2 years ago
10

Preparing a(n) ____ trial balance is the last step in the accounting cycle and occurs after all accounts have been updated with

closing journal entries.
Business
1 answer:
Otrada [13]2 years ago
3 0

Preparing a post-closing trial balance is the final step in the accounting cycle and happens after all accounts have been updated with finished journal entries.

<h3>Why is a Post Closing trial balance performed?</h3>

Post-closing trial balance: The post-closing trial balance is run behind closing entries that have been assembled and serve two purposes. It guarantees that debits and credits match while also confirming that temporary account credits have been reset to zero to begin the new accounting term.

The closing entry aims to reset the temporary account proportions to zero on the general ledger, the record-keeping system for a firm's financial data.

To learn more about the Post Closing trial balance  visit the link

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When a German company decides to build a new hotel in Manhattan and the design calls for the 13th floor to be renamed the 14th f
Andrews [41]

Answer:

It is acknowledging a cultural symbolism about the number 13

Explanation:

A cultural symbol is an object, a behavior or a word that has a particular meaning in a culture. In Germany the number 13 is considered an unlucky number and they prefer not to use it and this is a cultural symbol. So, according to this, the answer is that the firm is  acknowledging a cultural symbolism about the number 13.

4 0
4 years ago
What is the purpose of the BCC option in an email?
Alja [10]
Answer: To send a copy of the message to multiple recipients without revealing the entire list of recipients.

I hope this helped! (:
6 0
4 years ago
Galan Associates prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,23
const2013 [10]

Answer:

D) $18,334

Explanation:

The computation of the long term debt is shown below:

Long term debt = Total assets - current liabilities - stockholder equity

where,

Total assets = Cash + inventory + account receivable + net fixed assets + other assets

= $1,234 + $13,480+ $7,789 + $42,331 + $1,822

= $66,656

Current liabilities = Account payable + notes payable

= $9,558 + $2,756

= $12,314

The stockholder equity is

= Common stock + retained earnings

= $22,000 + $14,008

= $36,008

So, the long term debt is

=  $66,656 - $12,314 - $36,008

= $18,334

6 0
4 years ago
A company has budgeted total overhead at actual units produced of $10,400. The company has actual total overhead of $12,000. The
ElenaW [278]

Based on the information given the controllable variance is:$1,600.

<h3>Controllable variance</h3>

Using this formula

Controllable variance=Actual total overhead -Budgeted total overhead at actual units produced

Let plug in the formula

Controllable variance=$12,000-$10,400

Controllable variance=$1,600

Inconclusion the controllable variance is:$1,600.

Learn more about the controllable variance here:brainly.com/question/24304293

4 0
3 years ago
The united states maintained its military superiority with a defense budget larger than the next __________ biggest military pow
Luden [163]

The united states maintained its military superiority with a defense budget larger than the next china's biggest military powers combined. group of answer choices.

The United States spends more on defense than China, India, Russia, Britain, Saudi Arabia, Germany, France, Japan, and South Korea combined.

The United States leads the ranking of countries with the highest military spending in 2021 with US$801 billion. This accounted for 38% of total global military spending that year, totaling $2.1 trillion.

This increase has outpaced the growth of other countries' spending, and as a result, the United States now spends more on defense than the next nine countries combined (the next 11 countries in 2020 compared to the total).

Learn more about military powers at

brainly.com/question/1174232

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5 0
2 years ago
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