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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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Explanation:

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What are the functions of MNCs​
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4 0
3 years ago
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An organization has decided to increase the amount of customer data it maintains and use it for targeted sales. The privacy offi
jeka94

Answer:

Privacy Impact Assessment (PIA)

Explanation:

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3 years ago
Calculation of EPS and retained earnings Everdeen Mining​, ​Inc., ended 2019 with net profits before taxes of $ 436 comma 000. T
ryzh [129]

Answer:

A)  $ 1,65 are the 2019 EPS

B) $ 144.4400 go to retained earning after paid dividens of 0,80 per share.

Please see details below:

Explanation:

Net Income BEFORE Taxes  $436.000  

Tax RATE 21%  -$91.560  

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Subtotal $ 144.440 >> Retained Earnings

8 0
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Answer:

e. none of the above.

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3 years ago
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