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sertanlavr [38]
3 years ago
9

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

Business
2 answers:
Nataliya [291]3 years ago
8 0

Answer:

This has no effect on the period-end balance sheet.

Explanation:

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.

Nataliya [291]3 years ago
6 0

Answer:

its liabilities will be increased because i took the test and the other 3 options were wrong.

Explanation:

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The premium on a three-year insurance policy expiring on December 31, 20x11, was paid in total on January 1, 20x9. The original
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Answer:

b. The same as it would have been if the original payment had been debited initially to an expense account

Explanation:

We can use an example to explain this:

original journal entry to record a 3 year insurance policy on January 1 is:

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Adjusting entry on December 31

Dr Insurance expense 1,200

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balance of prepaid insurance = $3,600 - $1,200 = $2,400

If instead of recording prepaid insurance on January 1, you recorded insurance expense:

Dr Insurance expense 3,600

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Adjusting entry on December 31

Dr Prepaid insurance 2,400

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3 years ago
Countries that are partly industrialized but extract profits from poor countries to pass on to core countries are called?
Alenkasestr [34]

Semiperipheral countries. they have traditional values and institutions.

<h3>What is Semi-periphery countries?</h3>
  • According to world-systems theory, the industrialising, primarily capitalist countries that are situated halfway between the periphery and the core countries are the semi-periphery countries, also known as merely the semi-periphery.
  • Semi-periphery countries are frequently situated physically between core and peripheral regions as well as between two or more competing core regions.
  • They have organisational traits with both core countries and periphery countries.
<h3>What do you mean by semi-peripheral regions?</h3>
  • Semi-peripheral areas in world systems theory are those that are situated halfway between the core and the peripheral.
  • The organisational structure of these nations or areas is made up of both core and peripheral nations, and they are frequently situated geographically between two or more core nations.

Learn more about Semi-periphery countries here:

brainly.com/question/16191479

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What is small business development
makvit [3.9K]

Answer:

Explanation:

Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.

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A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold f
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Answer:

c and e

Explanation:

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The​ ______ act is a federal law that was passed in response to corporate accounting scandals involving prominent​ corporations,
dedylja [7]
Sarbanes - Oxley


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5 0
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