Answer: c. Account balances after adjustments
Explanation: An adjusted trial balance contains all the ending balances in all accounts after adjusting entries (journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts) have been prepared. The purpose of adding these entries is to correct errors in the first draft of the trial balance and to bring the entity's financial statements into compliance with an accounting framework. Such accounting framework may be Generally Accepted Accounting Principles (GAPS) or International Financial Reporting standards (IFRS)
Privately owned businesses are commonly found in capitalist economies.
Answer:
<em>A. True</em>
Explanation:
<em>A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different business.</em>
<em>(1) </em><u><em>Exchange of assets or services by one business for assets, services from a different business</em></u>
The exchange of goods or services only by two different businesses qualifies as a <em>barter transaction</em>. It doesn't include payment for the goods and services purchased in the form of money but includes payment only in the form of goods and services from the other business for the goods purchased by it.
<em>(2) </em><em><u>Exchange of assets or services by one business for promises to pay from a different business</u></em>
This type of transaction is a common transaction involving the purchase of goods and services by one business ( the buyer) from another and thereby making payment to the business from whom it has purchased goods and services (the seller).
The payment can be made immediately or in the future at a specified date mutually agreed upon by both the business parties.
A metropolitan area network is a network designed to service an urban area, typically a city or county. It is a network that would interconnect the users with resources in a certain area that is larger than the area covered by a LAN and smaller than the WAN. Metropolitan area network are formed from the connection of multiple local area networks.
Answer:
Human Resource activities such as recruiting skilled and talented individuals, developing them during their time with the company and ultimately retaining them affects positively the general performance of the company by linking individuals to the operational, business and strategic aspirations of the organization,
