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Hitman42 [59]
2 years ago
5

Adjusting Entries are:

Business
2 answers:
LekaFEV [45]2 years ago
6 0

Answer:

The answer is B.

Explanation:

Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.

Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.

Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'

julia-pushkina [17]2 years ago
4 0

Answer: B. updating entries for previously unrecorded expenses or revenues.

Explanation: Adjusting entries are updating for previously unrecorded expenses or revenues. They are entries used in recording business transactions that have taken place but have not yet been appropriately recorded in accordance with the accrual method of accounting—that recognizes revenue in the period in which it was earned and not when cash is received. It is also given as an entry in the general ledger that occurs at the end of an accounting period to record any unrecognized income or expenses for the accounting period. The matching principle is used to match expenses to the related revenue within the same accounting period.

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What happens to the price of these needed goods if production declines and there are fewer goods to go around?
Lostsunrise [7]

Answer:

the price increases

Explanation:

its inflation due to the decrease in production of the the product but not the need for it the price will rise.

5 0
3 years ago
WILL MARK BRAINLIEST!
Morgarella [4.7K]

Answer:

Public relations specialists

Explanation:

Public relations specialists refer to individuals who develop and maintain the public image i.e. favorable for the company in which they present. Here the perception of the organization should be shape aslo it would be increase the awareness towards the work and goals

Therefore according to the given situation, the professional that is closely linked with the reputation of the company is public relations specialist

7 0
2 years ago
Connie opened a link that she received in an email. It led to a webpage that congratulated her on winning $1 million. The webpag
Mariana [72]

Answer:

This kind of malware attack is known as ransomware.

Explanation:

-Ransomware is a type of malicious software that typically involves encrypting the files of a victim's PC, laptop or systems. The hacker(s) This essentially denies the victim any access to their data.They then demands payment in order to allow the victim access to their own data. The payment is always required to be transferred in crypto-currency to the hackers.

-Examples of ransomware includes Reveton, CryptoLocker, CryptoWall and the infamous Wannacry which attacked many victims PC across the globe in 2017. Ransomware attacks can be initiated by a user unknowingly visits an infected website.The malware then self downloads and installs itself onto the user’s PC without their knowledge.

-Ransomware attacks can be prevented by using advanced antivirus.

7 0
3 years ago
Three individuals form Skylark Corporation with the following contributions: Cliff, cash of $50,000 for 50 shares; Brad, land wo
erastova [34]

Answer:

C. Ron’s basis in his stock is $27,000

Explanation:

Income recognized on services rendered $21,000

Add basis of $6,000

Ron stock basis $27,000

The property contributed by Ron is not considered insignificant compared to the value of the services he has rendered, which is why the entire contribution is counted as being for property.

Hence, the control requirement is satisfied and a valid § 351 transaction results. Ron’s stock basis is $27,000 [$6,000 (basis of cattle transferred) + $21,000 (income recognized on services rendered)]

4 0
3 years ago
A number between 1 and 15
alexgriva [62]

Answer:

The probability is 0.20 or 20%

Explanation:

we know that

The probability of an event is the ratio of the size of the event space to the size of the sample space.  

The size of the sample space is the total number of possible outcomes  

The event space is the number of outcomes in the event you are interested in.  

so  

Let

x------> size of the event space

y-----> size of the sample space  

so

P=\frac{x}{y}

In this problem we have  that

Multiple of 5 between 1 and 15 = 5, 10,15

so

x=3

Total numbers between 1 and 15=15

so

y=15

substitute

P=\frac{3}{15}=0.20

Convert to percentage

P=0.20(100)=20\%

8 0
3 years ago
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