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Harrizon [31]
3 years ago
8

A ledger: Select one:

Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer:

c. is a record of all accounts maintained by a company and their amounts.

Explanation:

A ledger is a record of all the company's transaction. A ledger is a separate accounting record within the general ledger.

Ledgers are specific to the various elements of a financial statement such as assets, liabilities, equity, expenses etc. Examples include the cash ledger, inventory ledger, accounts receivables ledger, accounts payable ledger.

The right option is c. is a record of all accounts maintained by a company and their amounts.

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6 0
3 years ago
Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small
lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

  • A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.
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3 years ago
Reinhardt Furniture Company has 40,000 shares of cumulative preferred 2% stock, $150 par and 100,000 shares of $5 par common sto
OverLord2011 [107]

Answer:

20

Explanation:

ok boomer

6 0
3 years ago
A British firm may need dollars to pay for U.S. imports. It can work with banks in London to exchange pounds for dollars to make
Rzqust [24]

Answer:

The correct answer is Spot market.

Explanation:

The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.

In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.

7 0
3 years ago
Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t
Kazeer [188]

Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr           $125,000

Factory overhead A/c   Dr                         $24,000

(Being labor cost is recorded)

The computation is shown below:

Work in progress = Labor expenses + whole labor expenses

                             =$88,000 + $37,000

                             = $125,000

The labor expenses are directly related to the product which means it is a direct cost

And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product

And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account

4 0
3 years ago
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