Answer:
(B) Post-closing trial balance
Explanation:
after the closing entries, the temporary accounts are closed. It will only disclosure the permanent accounts, which are the assets, liabilities and equity of the business.
The unadjusted TB will be before adjusting entries and closing entries.
The adjusted TB will be before the closing entries, it wil include both, temporary and permanent accounts
The worksheet is an auxiliary paper to create the financial statements.
The general ledger compiles each account balance and transaction related to each account to determiante this balance.
Answer: A. 2.05 B. 5.10 C. 0
Explanation: Payback period can be defined as the period under which the profits or savings in an investment can recover the initial outlay invested in that investment. In simple words we can say that it is the time required by an investment to pay for itself.
Pay back period is computed as follows :-
therefore,
A. 
=2.05years
B.
=5.10years
C.
=0
Answer:
DR Allowance for Doubtful Accounts 2,000
CR Accounts Receivable—A. Hopkins 2,000
Explanation:
Because Gideon uses the allowance method, when a debt is written off, it will be written off from the allowance that was created for doubtful debts instead of directly to the bad debt account.
Accounts Receivable will be credited to show that it is decreasing and Allowance for Doubtful debt will be debited because expenses are debited when they increase.
<span>This is a true statement. This allows for a company to show that there are differences in the quality or the efficacy of a line of products. The more expensive the product is, the more likely it is to be seen as of a higher quality or as having better constituent elements.</span>
Answer:
$13,593,750
Explanation:
For computing the value of the firm, first, we have to determine the price per share which is shown below:
Price per share = Borrowing amount ÷ Number of repurchase shares
= $750,000 ÷ 8,000 shares
= $93.75
Now the value of the firm would be
= Outstanding shares × Price per share
= 145,000 shares × $93.75
= $13,593,750
