All categories

3 years ago

Sequence the steps for closing entries.

Business

1 answer:

____ [38]3 years ago

3 0

Step 1: A

Step 2: D

Step 3: C

Step 4: B

Explanation:

Sequence for the steps to close entries:

close the service revenue account by transferring funds to income summary account
close the operating expenses account by transferring funds to income summary account
close the income summary account by transferring funds to retained earnings account
close the dividends account by transferring funds to retained earnings account

You might be interested in

Minimum wage started at 25 cents per hour in 1938 and has risen

harina [27]

They can simply ask their boss for a raise or just wait it out and soon enough you’ll get a raise.

8 0

3 years ago

None of the following will increase basis for depreciation EXCEPT: Assessments for local improvements, such as sewers and sidewa

a_sh-v [17]

Explanation:

it's D because I'm just making this longer so I can post it thank you and good bye

4 0

2 years ago

Jake earned $15,000 and paid $1,500 of income tax, while jill earned $40,000 and paid $3,000 of income tax. the structure of the

maksim [4K]

The structure of the tax their income is subject to is regressive based on the tax information on the question above. First, you have to find the tax percentage for each of the people which are 10% for Jake and 7.5% for Jill. The tax percentage decreases in relation to the increase in income and this is the character of a regressive tax.

7 0

3 years ago

Canine Industries anticipates investment in equipment designed to improve the efficiency of its operations. The company anticipa

pogonyaev

The amount of after-tax cash flows for Company C on its investment is $37,500.

<h3>What is an after-tax income?</h3>

After-tax income is the gains earned by the company in an accounting year that remain after adjusting its income taxes.

Given values:

Revenues: $10,000

Savings: $40,000

Total investment income: $50,000 ($10,000 + $40,000)

Rate of tax: 25%

Computation of after-tax cash flows of an investment project:

$\rm\ After-tax \rm\ cash \rm\ flows=\rm\ Total \rm\ investment \rm\ income - (\rm\ Total \rm\ investment \rm\ income \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows= \$50,000- (\$50,000 \times\ 25\%)\\\rm\ After-tax \rm\ cash \rm\ flows=\$37,500$

Therefore, $37,500 is the value of after-tax ash flows being earned from the investment in equipment.

Learn more about the after-tax income in the related link:

brainly.com/question/14310665

#SPJ1

5 0

2 years ago

Discuss the steps of growing mushrooms <br>not a too long answer

Artyom0805 [142]

Answer:

The Pennsylvania State University,

College of Agriculture, Extension Service,

University Park, Pennsylvania

Mushroom farming consists of six steps, and although the divisions are somewhat arbitrary, these steps identify what is needed to form a production system.

The six steps of mushroom farming:

Phase I

1. Composting

Phase II

2. Composting

3. Spawning

4. Casing

5. Pinning

6. Cropping

6 0

3 years ago