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Liula [17]
1 year ago
11

Accountants record, classify, and __________ the results of the financial information they gather.

Business
1 answer:
Mandarinka [93]1 year ago
5 0

Accountants record, classify, and <u>interpret</u> the results of the financial information they gather.

<h3>What are accountant?</h3>

An accountant is a professional who is in charge of keeping and analyzing financial records. Most accountants manage a wide range of financial tasks for both their individual clients and the bigger businesses and organizations that employ them.

It may not be clear what exactly this profession entails because the word "accountant" is commonly used in conjunction with a number of other titles. Even though the phrases "accountant" and "bookkeeper" are frequently used interchangeably, there are several key differences between the two.

Learn more about accountant

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Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started i
Scorpion4ik [409]

Answer: $12000

Explanation:

The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:

= $200,000 × 6%

= $200,000 × 6/100

= $200,000 × 0.06

= $12,000

Therefore, the correct option is C.

5 0
3 years ago
A finance lease agreement calls for quarterly lease payments of $4,625 over a 15-year lease term, with the first payment on July
love history [14]

Answer:

The Lease amortization schedule is attached in pdf format with this answer please find.

Explanation:

Lease payments, includes the payment of interest and principal as well. The interest is calculated for the period opening balance of lease and the residual amount of lease payment and interest is settled against the lease amount.

Download pdf
3 0
3 years ago
Firms will typically maintain a list of research and development projects ranked by expected rate of return. Expected rate of re
ddd [48]

Expected rate of return is defined as the amount of money an individual gets on investment.

<h3>What is expected return?</h3>

The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.

Therefore, expected rate of return is defined as the amount of money an individual gets on investment.

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4 0
1 year ago
According to SEC independence regulations,
Komok [63]

Answer: Option (b) is correct.

According to Securities and Exchange Commission independence code:   Pre-approval of accountants' work may be in reconciliation with comprehensive policies and transaction rather than categorical.

The Commission’s code, principally through Regulations S-X, focuses on the accomplishment of accountants, counting the autonomy condition for auditors that issue audit filed with Commission.

5 0
3 years ago
Assume that there are two nations, alpha and beta. each nation produces two products, wheat and steel. alpha has a comparative a
Klio2033 [76]

If the two nations trade, the trade price of wheat in terms of steel will be "greater than the domestic opportunity cost of wheat in alpha and less than the domestic opportunity cost of wheat in beta".

Opportunity cost speaks to the advantages an individual, financial specialist or business misses out while picking one option over another. While financial reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on wise choices when they have different choices available to them.

8 0
3 years ago
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