Answer:
C) Deducted from the book balance of cash
Explanation:
bank reconciliation can be regarded as process where by bank account balance in an entity’s books of account is been reconciled to balance that is been reported by the financial institution Using the recent bank statement. It should be noted that On a bank reconciliation, a bank fee for check printing not yet recorded by the company is Deducted from the book balance of cash
Undistributed profits that have accumulated in the company over time are called : Retained earnings.
<h3>What is retained earning?</h3>
Retained earning is the amount of net income left over for the business after it has paid out dividends to its shareholders.
Retained earnings are the amount of profit a company has left over after paying all its :
- Direct costs
- Indirect costs
- Income taxes
- Dividends to shareholders.
Businesses can use these earnings to reinvest into the company for expansion through the purchase of property, plant and equipment or to pay off its debts.
Therefore, retained earnings is the distributed profits that have accumulated in the company over time.
Learn more about retained earning here : brainly.com/question/7127439
Long term: you should already have a career and be financially stable. Probably have a family by then
Mid-term: you may have help from your parents as you are in college, but you may have a job of your own to help with the financial stability.
Short term: in high school, you may have a job of your own to help your parents financially. Or, your parents help you with everything
Answer:
$997
Explanation:
The price of the Bond is its Present Value. thus we need to discount the future cash flows (payments and capital repayments) to find the price as follows.
<em>Note : I am using a financial calculator here</em>
FV = $1,000
P/Yr = 2
N = 1 x 2 = 2
PMT = ($1,000 x 5.08 %) ÷ 2 = $25.40
YTM = 5.37 %
PV = ?
Conclusion
Assuming the Bond Matures in 1 year, the bond's price is $997
