The two reports that you can use to verify that all bank and credit card accounts on the balance sheet have been reconciled are the balance sheet and the P&L reports.
Every beginning of the year, it is essential that management review the reports that demonstrate organizational performance over the past year.
Through the balance sheet and profit and loss reports, the company obtains the most current information about its financial reports, comparing the opening balance with the transactions listed in the company's file to verify their correspondence.
Therefore, bank account and credit card reconciliation will ensure balance and accuracy of essential financial reports for a business.
Find out more information about P&L reports here:
brainly.com/question/1252309
Answer:
a. the industry would remain monopolistically competitive because of product differentiation
Explanation:
Monopolistic competition pertains to a current market in which it integrates with different firms that are directly connected to one another and that also sell differentiated products.
There is also free market entry and exit
In case when it contains the same cost curves so this represents the product differentitation
Hence, the correct option is A.
The answer is <u>"C) Mutual funds are typically less safe than Certificates of Deposit".</u>
Mutual funds are regularly depicted as pooled speculations. At the point when a financial specialist purchases the mutual funds the cash is pooled with that of different speculators whose objectives are comparative. An expert store administrator utilizes this cash to purchase stocks, securities, or currency showcase instruments that make up the reserve's arrangement of ventures.
A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years.
Answer:
Overstate, understate, understate, zero is the correct answer
Explanation:
The trading note was for three years, but Gannon reported it as revenue in 2016 itself, which is why the net earnings are exaggerated. Similarly, he does not report proportionate revenues related to the trade mark in 2017 and 2018, as he had already reported all of them in 2016 as a result of net earnings for 2017 and 2018 being understated. The trading note does not therefore have an impact on 2018's net earnings.
The firm will face multiple marginal revenue curves.
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