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wolverine [178]
3 years ago
12

Which of the following statements is true of a trial​ balance?A.A trial balance has the same format as a balance sheet.B.A trial

balance presents data in debit and credit format.C.A trial balance is prepared after the balance sheet.D.A trial balance shows the total amounts of assets and​ liabilities, but not equity
Business
1 answer:
seraphim [82]3 years ago
4 0

Answer:

A trial balance presents data in debit and credit format.

Explanation:

There are two sections in the trial balance, called columns of debits and columns of credits. The total columns of debit and credit should always correlate or matched. The debit columns report assets and expenditures side while revenues stockholder equity, and the liability side are reported in the credit column.

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The steps involved in Nikita's application for financial aid include the following:
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Making ethical decisions takes moral awareness, moral judgment, and moral character. Define each term and explain how you would
erma4kov [3.2K]

Explanation:

Ethical awareness means knowing the activities done in personal life or in business dealing. for example incorporating of New Business without aware of the product advantages or disadvantages to the society.Say for example a manufacturing industries of Chemical without knowing its side effects over the environment,animals and on man, if hazardous gas leak outside.

Moral judgement in business is very important as it indicates the decision taken by manager,firm, or any one in the organisation on behalf of the other is affect to the whole group.Whether the decision is right or wrong or doesn't affect the entire group negatively. example Giving salary less than in mentioned papers is not doing right thing to the personnel which is against company morals. Moral characters are the individuals who is judged by his or her consistent qualities.

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Mention two ways of using money wisely​
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You are given the following information for Ted’s Dread Co.: sales = $82,000; costs = $57,700; addition to retained earnings = $
vazorg [7]

Answer:$6,843.33=Depreciation

Explanation:

To Calculate the depreciation expense for the company

Net income = Dividends + Addition to retained earnings

Net income = $3,320 + 7,500

Net income = $10,820

Also,

Net income = Taxable income - (Taxable income)(Tax rate)

Net income = Taxable income(1 - Tax rate)

Therefore,

Taxable income = Net income / (1 - Tax rate)

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But

EBIT -interest = taxable income,So

EBIT = Taxable income + Interest

EBIT = $14,426.67+3,030

EBIT = 17,456.67

EBIT = Sales - Costs - Depreciation

$17,456.67 = $82000 - 57,700 - Depreciation

$17,456.67= 24,300-Deprecistion

Depreciation =24,300-17456.67 =

$6,843.33

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brainly.com/question/27276969

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