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zheka24 [161]
3 years ago
9

Which of the following accounts may appear on a post-closing trial balance? Question 8 options: A. Cash, Salary payable, and Ret

ained earnings B. Cash, Salary payable, and Service revenue C. Cash, Service revenue, and Salary expense D. Cash, Salary payable, and Salary expe
Business
1 answer:
Kryger [21]3 years ago
3 0

Answer:

A. Cash, Salary payable, and Retained earnings

Explanation:

The post-closing trial balance is prepared after recording the closing entries with respect to all revenues earned, all expenses incurred, and the cash dividend .

It should be always matched and equal that means the total of the debit column and the total of credit column is equaled  and zero.

So, the most appropriate option is A.

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n autarky, suppose that equilibrium sugar price is $100 per ton in Birdonia, a small agricultural nation. Now, suppose Birdonia
Rainbow [258]

Answer:

the domestic price of sugar will increase to $125.

Explanation:

Since the world price of sugar is higher than the domestic price, domestic producers of sugar will export their products in order to earn a higher profit. That will eventually lead to an increase in the equilibrium price from $100 (former equilibrium price) to a higher price equal to the world price ($125).

6 0
4 years ago
On an organization's board of directors, Multiple Choice inside directors must work for the organization and outside directors a
ch4aika [34]

Answer:

Inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm.

Explanation:

A board of directors in most corporations consists of inside directors and outside directors. Inside directors are usually the members of the firm and have direct access to the company's operating. CEO, CFO and CIO are typical examples of inside directors. On the other hand, outside directors are not employees of the firm, nor stakeholders. They have unbiased opinions in board meetings.

8 0
3 years ago
What tips should he follow? Check all that apply. Cross your arms in front of you. Stand with your hands in your pockets. Don’t
Marta_Voda [28]

Answer:

  • Don't Chew Gum
  • Listen Attentively
  • Sound Enthusiastic and Sincere
  • Use proper language and enunciate clearly

Explanation:

(Avoid Clarifying vague questions might be an answer but not sure. I'm sorry if I am wrong)

8 0
3 years ago
Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350
Setler [38]

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

6 0
3 years ago
Pacific Division has the following information:
Luden [163]

Answer:

it will be a net loss of 560,000

It is better to produce at a loss of 60,000 than a loss of 620,000

That's because, the Division cover a good portion of their allocate fixed cost.

Explanation:

The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.

The sales and variable cost will be zero.

\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]

After posting the values, we calculate the differential income.

In this case it will be a loss for 560,000

5 0
3 years ago
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