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olga_2 [115]
3 years ago
6

Revenues and expenses are transferred to the​ ________ account before their final transfer into the retained earnings account.

Business
1 answer:
slamgirl [31]3 years ago
6 0
<span>D is the correct answer. Income summary is a sort of "catch-all" account that holds both revenues and expenses before recording them as retained earnings. These will then be rectified at the end of the manual accounting period. If there is a net profit or loss for the business, it will be reflected during the accounting period in the income summary.</span>
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which would be considered liabilities? check all that apply.motorcycle loanown a housecar loancredit card billmortgage
Alex777 [14]

Credit cards would be considered liabilities.

4 major types of credit cards are Visa, MasterCard, American explicit and discover. Those are the main credit card networks, which most credit playing cards belong to, and they dictate where cards can be used in addition to what secondary benefits cards offer.

It's generally recommended that you have  to a few credit card accounts at a time, in addition to different styles of credit scores.

Keep in mind that your general available credit and your debt-to-credit ratio can impact your credit scores. if you have greater than 3 credit score playing cards, it is able to be hard to maintain song of monthly bills.

Learn more about credit card here: brainly.com/question/6872962

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5 0
1 year ago
Why would a large publically traded corporation likely prefer issuing bonds as a way to raise new money as opposed to issuing mo
Setler79 [48]

Answer:

B. more shares will dilute the existing value of the stock, causing its market price to fall

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.

Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.

The reason a large publicly traded corporation would likely prefer issuing bonds as a way to raise new money as opposed to issuing more shares is because more shares will dilute the existing value of the stock, causing its market price to fall and may negatively affect by reducing the value and proportional ownership of the investor's shares in the corporation.

8 0
2 years ago
An employee was suspended for two weeks for drug use. Six months later, the employee was fired from the job because her producti
kobusy [5.1K]
I believe it’s Involuntary Turnover. There’s a Quizlet that uses this exact same scenario that defines it as Involuntary Turnover
8 0
2 years ago
Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness. After paying $18,300 in premiums
iVinArrow [24]

Answer:

$0

Explanation:

Alfred paid in premiums = $18,300

company paid Alfred = $125,000

Alfred died after 18 months, then,

Company collected the face amount of the policy = $150,000

Sale of policy = [ company compensation - premium paid]

                       = $125,000 - $18,300

                       = $106,700

In this situation, Alfred receives the submission price from the insurance company consequential in profit.

There is no gain in the income of the insurance policy that is purchased by the Alfred for the long term.

That's why he is not required to include the amount of sale of policy i.e. $106,700.

Hence, Alfred required to include in his gross income will be zero ($0).

3 0
3 years ago
In setting the production level, a firm's cost curves A. by themselves do not tell us what decisions the firm will make. B. have
prisoha [69]

Answer: Option A : by themselves do not tell us what decisions the firm will make.

Explanation: Using the cost curve to make decisions is the function of the firm's internal decision mechanism

7 0
3 years ago
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