Answer:
d. the suspense account
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
In Financial accounting, if a trial balance totals do not agree, the difference must be entered in the suspense account
Answer:
The share of each additional dollar of income earned that is devoted to saving rather than consumption.
Explanation:
The marginal propensity to save is defined as the fraction of increased income that is reserved for saving and not consumption, and it is the slope of the graph of income against savings.
For example if an individual earns an extra dollar and he has propensity to save of 0.5 that means out of the one dollar he will save 50 cents and spend the remaining 50 cents.
<u>Answer</u> is D. remain at $30,000.
<u>Explanation:</u>
Rick's Internet Corporation balance in retained earnings = $30,000
Appropriated earning for future business expansion = $15,000
This appropriated earning set for future use will have no effect on the total retained earnings, because for appropriate retained earnings, the entry is to debit the retained earnings account.
Also, it would be board's decision if they want to use the money from the retained earnings or add more capital to it.
Answer:
it is b
Explanation:
because a net worth of a company will mot affect
