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shutvik [7]
2 years ago
13

The closing entry process consists of closing?all permanent accounts.only the Retained Earnings account.only the dividends accou

nt.all temporary accounts.all asset and liability accounts.
Business
1 answer:
zhenek [66]2 years ago
4 0

Answer: The closing entry process consists of closing all temporary accounts.

Explanation:  The closing entry process is the process that consists in canceling the income statements (made up of the income, expenses, sales and production costs accounts) and transferring the figures of the respective balance accounts (assets, liabilities and heritage) . This closing allows to know the economic result of the period and quantify the gains or losses.

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An easement that benefits an individual or a legal entity, rather than a dominant estate
Mazyrski [523]

Answer:

An easement in gross is an easement that benefits an individual or a legal entity, rather than a dominant estate.

Explanation:

Any easement that benefits an individual or a legal entity, rather than a dominant estate is referred to as easement in gross.

3 0
3 years ago
Cadillac is preparing to build a new assembly plant in the United States. Although it would be slightly cheaper to build cars in
il63 [147K]

Answer:

A

Explanation:

Cadillac is responding to one of the geographic demographic trends in the United States, which has been migration into the Sun Belt. Building a plant in Louisiana, which is in the Sun Belt, would greatly reduce transportation cost, compared to a plant in Michigan.

4 0
2 years ago
The balance in Happ Inc.’s general ledger Cash account was $71,580 at September 30, before reconciliation. The September 30 bala
Dafna1 [17]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the  bank reconciliation statement on September 30  is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
Request the entrepreneur to share his/her key success factors and elaborate on this success factors
Bogdan [553]
I interviewed a successful salon owner, and this is what determine her success according to her :

- Persevere ,  do not give up if somehow something doesn't go how you want it to be
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6 0
3 years ago
Read 2 more answers
Changes in the equilibrium interest rate will Group of answer choices . affect both the size of the domestic output and the allo
vodomira [7]

Answer:

Changes in the equilibrium interest rate

  • affects both the size of the domestic output and the allocation of capital goods among industries.

Explanation:

Changes in interest rates affects the demand for goods and services and, thus, aggregate investment spending. A decrease in interest rates lowers the cost of borrowing, which encourages industries to increase investment spending.  

The aggregate demand is determined by consumption demand and investment demand. When the rate of interest falls the level of investment increases and vice versa

An increase in the equilibrium interest rate affects demand for money. This increase in demand raises the equilibrium interest rate.

Households and businesses then try to decrease their cash holdings by purchasing bonds affecting both the size of the domestic output and the allocation of capital goods among industries.

The equilibrium interest rate changes with the economy and monetary policy.

6 0
2 years ago
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