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Sergio039 [100]
3 years ago
15

Which of the following statements about adjusting entries is NOT true?

Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer:

4. Adjusting entries are typically recorded on the last day of the accounting period.

Explanation:

They aer recorded on the last day of the accounting period as we do adjustment for accrual accounting like:

expired prepaid rent, expired prepaid insurance, accrued wages payable, accrued revenues, accrued interest revenues or interest expense, depreication on assets, amortization and other.

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An annuity Question 6 options:
Nady [450]

Answer:

is a level stream of equal payments through time.

true. The payments will  remain at the same levle for the entire period of the annuity until maturity.

Explanation:

is a debt instrument that pays no interest.

FALSE the annuity does provide interest  for each period when is prepared.

Has no value.  

FALSE the annuity can be saled in the secondary market pretty much anitime.

is a stream of payments that varies with current market interest.

FALSE the payment will be the same regardless of the interest rate.

5 0
3 years ago
Read 2 more answers
When one group controls an industry or market by being the only provider, this is called _____.
e-lub [12.9K]
When one group controls an industry or market by being the only provider, this is called MONOPOLY.

Mono - Greek monos means one or single
Poly - Greek polein means to sell.

Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
6 0
3 years ago
Alex left his position as a manager for Macy's after two years. He complained of being burned out from having to fulfill too man
devlian [24]

<em>Answer:</em>

<em>d. delegation.     </em>

<em>Explanation:</em>

<em>Delegation: </em><em>In management, delegation is described as any of the assignment related to an authority figure that is being given to another individual, for example, a task or assignment given by a manager to his or her subordinate to lead a few specific activities. Delegation is determined as one of the different concepts related to "management leadership". Therefore, an individual who is being delegated a specific work tends to remains "accountable" for the output of the "delegated work".</em>

<em>As per the question, Alex probably never learned to use the tool of delegation.</em>

4 0
3 years ago
At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
brilliants [131]

Answer: a. $4.5 million

Explanation:

The depreciation to be recognized is;

= Value of Depreciable assets * Percent of company owned

= 15,000,000 * 30%

= $4,500,000

5 0
3 years ago
4
Anna35 [415]

Answer:

Explanation:

B, Reexamine his budget; he had a $500 deficit this month. plato.

3 0
3 years ago
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