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Mila [183]
3 years ago
12

Which of the following statements is false?

Business
1 answer:
viktelen [127]3 years ago
8 0

Answer: d. A company paid for an insurance premium of $6,000 on January 1. The insurance is for a year. Failing to make adjustments for the month of January would overstate assets and stockholder's equity by $6,000.

Explanation:

If a company were to pay $6,000 for Insurance for the YEAR in January, this would be recorded as a PREPAID EXPENSE.

This Prepaid Expense will then be apportioned per month over the year to each month as expenses of $500.

Failing to make adjustments for the month of January would not overstate assets and stockholder's equity by $6,000 but by $500.

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Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
mixer [17]

Answer:

B) networking

Explanation:

Networking involves the sharing of information and ideas among people in a social group, or social set up. Networking happens in informal groups formed by people who share common interests and ambitions.  Professional use networking to expand their circles of friends, acquaintances, and potential business partners.

Business people join or create networking groups to develop relationships with other business-minded people. By joining the local chamber of commerce, Galena will interact and socialize with other businesswomen. She will make friends and get a platform to engage with other professionals in her field.

4 0
3 years ago
Place the steps to creating a budget in order:
bagirrra123 [75]

Answer:

1. Figure out your net income

2. Determine if you have enough income to cover all your expenses

3. make list of variable expense

4. make list of fixed expenses

5. adjust expense

done !

4 0
3 years ago
Under what circumstances might stockholders be displeased with a corporation's performance?
Minchanka [31]
I would say the shareholders could disapprove of the performance of their company if it was to consistently to lose money over say several quarters with no signs of improvement or no encouragement by management that this was a temporary situation,
6 0
3 years ago
The Retained earnings account has a credit balance of $23,800 before closing entries are made. Of total revenues for the period
skelet666 [1.2K]

Answer:

The ending balance in the retained earnings account is $31400.

Explanation:

The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.

The addition to retained earnings will be the Net income less dividends.

The net income for the year was = 75200 - 55000 = $20200

Addition to Retained earnings = 20200 - 12600   = $7600

Closing balance of retained earnings = 23800 + 7600  = $31400

4 0
3 years ago
The police need to have _____ to obtain a search warrant.
solniwko [45]

Answer:

a

Explanation:

they need a absolute certainty to search your house like what

7 0
3 years ago
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