1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rudiy27
2 years ago
15

he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what

does this information mean to the accountant? a.net loss of $41,388 b.the accounts have not been updated c.net income of $41,388 d.the accounts are out of balance, indicating an error has been made
Business
1 answer:
neonofarm [45]2 years ago
4 0

The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.

<h3>Who is an accountant?</h3>

An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.

Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.

Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.

To learn more about accountants, refer to the link:

brainly.com/question/13341312

#SPJ4

You might be interested in
A _____________ is a company that has a proven business model and is willing to sell the rights to use the business model to oth
scoundrel [369]

Answer: Franchise

                       

Explanation: In simple words, a franchise refers to an arrangement under which one entity allows other entity to use its business models, procedures and intellectual properties etc, in return of any loyalty or other such benefit.

This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.

Hence from the above we can conclude that the correct answer is franchise.

6 0
3 years ago
g A method used to determine the value of a stock by analyzing the earnings prospects while considering the business environment
Gennadij [26K]

Answer:

The correct option is fundamental analysis

Explanation:

Industry analysis centers on the competitive nature of the market where a business operates,hence it is a just a component of what makes fundamental analysis.

Operational analysis can be likened to performance measurement where the performance of a business is measured viz-a-viz the expected performance with to aligning actual performance with plan

Fundamental analysis is the correct option as it encompasses determining the value of stock by conducting both internal and external analysis of a business concern.

7 0
3 years ago
The entry to record the distribution of the stock dividend would include
Iteru [2.4K]

The correct answer is B. A debit to common stock distributed.

<em>The entry will be stock dividends debit, paid-in capital which is in excess per common credit stock, stock dividends which are being distributed.</em>

In credit entry it records distribution and declaration of stock dividend which includes the debit to the retained earnings and also a credit to the common stock.

4 0
3 years ago
Which of the following is an example of economic globalization?
andreev551 [17]
D) a Japanese stores selling tea and spices from South Asia
4 0
2 years ago
Job cost sheets can provide information to managers on unit cost trends, the cost impact of continuous improvement in the manufa
Lera25 [3.4K]

Answer:

Yes its True ✅

5 0
2 years ago
Other questions:
  • Assume December 31 is a Wednesday. Weld-Rite Company’s wages are paid every Friday, and the weekly payroll (for five days) amoun
    12·1 answer
  • Which of the following statements highlights the difference between the CPI (consumer price index) and the GDP deflator?
    12·1 answer
  • Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121
    8·1 answer
  • John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business in pizza catering. In order
    6·1 answer
  • Suppose that every product in a grocery store contains a tiny transmitter, and that sensors on your shopping cart detect your se
    11·1 answer
  • Help me with these please? Marking brainliest for best answer! On a time crunch
    15·1 answer
  • Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at
    11·1 answer
  • Assume the following data for Oshkosh Company before its year-end adjustments:
    15·1 answer
  • briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to
    12·1 answer
  • Which is not an advantage of a savings account?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!