Answer:
The total liabilities is $166,000
Explanation:
The computation of the total liabilities is shown below:
= Beginning balance of liabilities + long term note payable
= $74,000 + $92,000
= $166,000
The total liabilities include both types of liabilities which includes current as well as long term liabilities. The current liabilities are those whose period is less than one year whereas the long term liabilities are those who have a life of more than one year.
Answer:
Cutoff.
Explanation:
At the end of an accounting period, it is important to ensure proper inventory cutoff to determine the ownership of goods in transit.
In Financial accounting, the term cutoff refers to the process which ensures that business transactions and activities are recorded in the correct accounting period.
An inventory cutoff involves stopping or pausing shipments or receiving of supplies of goods, in order to enable proper accounting and count checks.
Which ability does the following ex represent? as financial planner, you advise people about where to invest their money. IM PRETTY SURE ITS SYSTEMATIC.
Answer: Sharing food their homes giving out water and helping the sick as best as they can.
Explanation:
