Answer:
I believe the answer that you're looking for is D
Explanation:
Answer:
The balance of the retained earnings account after the closing entries are recorded will be $17,600
Explanation:
Net income of Barger Company = Service revenue - Expenses = $43,000 - $38,400 = $4,600
The balance of the retained earnings account after the closing entries are recorded = The balance of the retained earnings account before the closing entries are recorded + Net income - Dividends = $14,000 + $4,600 - $1,000 = $17,600
The difference between what the total sales should have been, given the actual level of activity for the period, and the actual total sales is a: Variance.
<h3>What is a variance?</h3>
Variance refers to the difference between the expected sales realizations and the actual sales results. This is often common in business as businessmen tend to make projections for the future.
Sometimes the reality is far from what they believed will happen and this is what is referred to as variance. Variance also occurs in different life activities. Sometimes, individual projections are not realized and this is what is known as a variance.
Learn more about variance here:
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<u>Answer:</u>
<em>The purpose of including boot in a nontaxable exchange is to equalize the adjusted tax bases of the properties exchanged.
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<u>Explanation:</u>
A nontaxable exchange is a trade wherein you are not exhausted on any addition, and you cannot deduct any loss. On the off chance that you get property in a "nontaxable business", its premise usually is equivalent to the assumption of the property you moved. A nontaxable increase or misfortune is otherwise called an unrecognized addition or misfortune.
