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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

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A plot in Cartesian axes.
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The capitalized cost of any investment may be determined using the equation P = A/i where P is the capitalized cost, A is the an
statuscvo [17]

Answer: True

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Capitalized cost is also given as the present worth of cash flows which go on for an infinite period of time. In other words, the worth of cash flows does not leave the company when items are purchased. This is because the monetary value  is retained in the form of a fixed or intangible asset.

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3 years ago
________ is the ability of a country to produce a specific good at a lower opportunity cost than its trading partners.
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3 years ago
You have $19,750 you want to invest for the next 22 years. You are offered an investment plan that will pay you 9 percent per ye
zheka24 [161]

Answer:

$195,488.6

Explanation:

The computation of the amount at the end of the 22 years is shown below

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6 0
3 years ago
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<h3>Answer:</h3>

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Vocabulary

First, it is important to define the key terms in the question and answers.

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How Planned Economies Work

As its name suggests, a planned economy plans the economy out and the price of goods within the markets. These plans are created by the government. This means that private businesses, consumers, and supply/demand do not control prices. Only the government can do that because the government has full control of planned economies. This is the reason that planned economies are also called command economies because the economy is commanded by the government.

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2 years ago
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