Answer: b. preparing the financial statements
Explanation: As accounting involves recording, classifying, summarizing, and the interpretation financial information, the accounting process, is considered a series of procedures that are employed in the collection, processing, and communication of financial information. In the accounting process, journal entries are first adjusted (identifying and analyzing business transactions and events) after which they are posted. This represents the first and second steps. Then the adjusted trial balance is prepared, followed lastly by the preparation of financial statements. Therefore, the preparation of financial statements is completed last.
We let x be the amount of vacation benefit expense that has to be recorded for the month of July.
The equation that allows us to answer this question is,
x = (32 employees) x ($107 / employees)
x = $3,424
The amount of vacation benefit expense to be recorded for the month of July is equal to $3,424.
Answer: Perfect Competition
Explanation:
This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.
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The good consideration while selecting a bank includes:
- number of near ATMs or bank branches.
- knowledge of personal usage habits and needs.
<h3>What is meant by
good consideration?</h3>
The consideration here means the act of assessing the favorable condition over unfavorable condition while trying to select a bank.
So, the good consideration while selecting a bank includes number of near ATMs or bank branches and knowledge of personal usage habits and needs.
Therefore, the Option B is correct.
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