Answer:
a. The Debit column is correctly stated.
b. The Credit column is understated by $17,300 ($8,650 * 2).
c. The Automobiles account balance is correctly stated in the trial balance.
d. The Accounts Payable account balance is understated in the trial balance by $17,300 ($8,650 * 2).
e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.
Explanation:
This mistake is an Error of Commission. It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account. In this case, the Accounts Payable should have been credited with the amount of $8,650. As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.
Answer:
Option "D" is the correct answer to the following statement.
Explanation:
The cash coverage ratio helps find the available cash in hand or cash at the bank to pay for the expenditure of a loan. The ratio must be considerably higher to 1: 1, it shows our potential to pay interest. In this situation Option "D" has the highest Cash coverage ratio.
The debt-equity ratio is used to find the firm's credibility.
Answer:
Option c. is correct
Explanation:
Under the Golsen rule, the Tax Court must follows the Court of Appeals such that the court of appeals has direct jurisdiction over the taxpayer. The Court is said to reach a decision without calculating the tax when a Tax Court decision is said to be entered under Rule 155.
In this question, The Golsen rule applies here and weakens the legal justification for the deduction
Answer:
B. Human Resource
Explanation:
The functions and responsibilities of a factory worker differ depending on the workplace. A factory Worker may operate machinery and tools, work on a production line, clean and repair equipment, or work as required.
Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.
A client finances a newly constructed home with a federal housing management mortgage, the FHA requires the builder is The FHA set requirements for production and underwriting and insures loans made through banks and other private creditors for domestic building.
Finance is described because of the control of cash and consists of activities inclusive of making an investment, borrowing, lending, budgeting, saving, and forecasting. There are 3 primary forms of finance: (1) private, (2) company, and (3) public/government. The finance subject includes 3 fundamental subcategories: personal finance, corporate finance, and public (authorities) finance. customers and organizations use monetary services to collect economic goods and obtain economic desires.
Financing is the technique of providing finances for enterprise activities, making purchases, or making an investment. financial establishments, which include banks, are in the enterprise of offering capital to companies, consumers, and investors to help them attain their dreams.
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