Answer: c. may or may not balance
Explanation:
Even though there are errors in the General Ledger, it is not a given that the Trial Balance will not balance. The purpose of the Trial balance is to match the debits in the company to the credits. This means that if the errors in the General Ledger were still put on the correct side then the Trial Balance would still balance.
For instance, if utility expenses were debited to Purchases in error, both accounts fall on the debit side of the Trial Balance so the Trial Balance would still balance regardless of the error.
Answer:
D. financial accounting information.
Explanation:
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
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). These accounting informations are prepared and made available for investors and other external agencies. Examples of financial statements includes Balance sheet, cash-flow and income statement.
In this scenario, Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance.
Hence, Connie is examining the financial accounting information.
In applying for a driver's license, students may elect to take the knowledge test online or a a license office. This written type of test. The students also need to take the <em>skill test or the drive test, </em><em />after passing the knowledge test.
On apex it is A flat taxation
Answer:
$32
Explanation:
The incremental cost:
Direct materials +Direct labor +Variable manufacturing overhead
$12 + $8 + $12 = $32
The maximum price Olive Corp. should pay the outside supplier is $32.
Fixed manufacturing overhead was not included because it is not relevant to the decision.
