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vovikov84 [41]
4 years ago
8

A schedule listing account balances for the current and previous years, and columns for adjusting and reclassifying entries prop

osed by the auditors to arrive at the final mount that will appear in the financial statement, is referred to as a: _______.
A) Working trial balance.
B) Lead schedule.
C) Summarizing schedule.
D) Supporting schedule.
Business
2 answers:
g100num [7]4 years ago
4 0

Answer:working trial balance

Explanation:

A trial balance is a statement prepared to test the mechanical accuracy of ledger transactions

GREYUIT [131]4 years ago
3 0

Answer:A) Working trial balance

Explanation: A working trial balance is a trial balance which has not been adjusted,it is still in the process of being adjusted. A working trial balance is added any adjustments before the accounting period is to be closed. A working trial balance contains a schedule which lists account balances for the current and previous years, and columns for adjusting and reclassification etc.

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True or false: Merchandise inventory is generally converted to cash more quickly than accounts receivable.
Makovka662 [10]

Answer:

False

Explanation:

Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer

So here the company could received the payment within 12 months it can be in within month also

So the given statement is false

3 0
3 years ago
In the Shaping Department of Vaughn Company the unit materials cost is $6.00 and the unit conversion cost is $2.00. The departme
Oksanka [162]

Answer: $31200

Explanation:

Based on the information given in the question, the total cost to be assigned to the ending work in process will be:

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Therefore, the total cost to be assigned to the ending work in process will be:

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5 0
3 years ago
Cost of merchandise sold reported on the income statement was $155,000. The accounts payable balance increased $8,000, and the i
RideAnS [48]

Answer:

Cash paid 168,000

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Cash paid for merchandise = total purchase - increase in liability

Cash paid = 176-8 = 168

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520.83 cents take the amount divide it by 12 then 2.
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mylen [45]

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