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astra-53 [7]
3 years ago
11

You should always read the fine print before signing a contract.

Business
2 answers:
Bess [88]3 years ago
6 0
I would say yes, because a person would want to know fully what they are getting into.  
pshichka [43]3 years ago
6 0

The answer to your question is yes or true

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When preparing a bank reconciliation, outstanding checks are _____. deducted from the bank balance added to the bank balance ded
Elenna [48]

When preparing a bank reconciliation, outstanding checks are

deducted from the bank balance.

<h3>What are outstanding checks examples?</h3>

A check becomes outstanding when the payee doesn't cash or deposit the check. This means it doesn't clear the payor's bank account and doesn't appear on the statement at the end of the month. It is a check that has been written, but it hasn't been cashed-deposited by the bank or otherwise cleared the bank. An outstanding check can be a personal or a business check.

An outstanding check is a check payment that has been recorded by the issuing entity, but which has not yet cleared its bank account as a deduction from its cash balance.

To learn more about outstanding checks visit the link

brainly.com/question/1442615

#SPJ4

7 0
1 year ago
On 12/31/Year 1 Passey Co. acquired a 100% interest inSolomon Co. by exchanging 10000 shares of its common stock for100000 share
Pie

The consolidated financial statements of Passey Co. as of December 31, Year 1 would report plant assets at <em>iii. $1,955,000.</em>

Data and Calculations:

Passey Co.s shareholding in Solomon Co. = 100%

The fair value of Solomon's = $3.50

The fair value of Passey's = $9

<u>Solomon Co.</u>

                                         Book Values   Fair Values

Current assets                      $115,000       $115,000

Plant assets                         200,000       255,000

Liabilities                                 10,000           10,000

<u>Passey Co</u>.

Plant assets                   $1,700,000 $1,800,000

Consolidated Plant Assets:

                                              Passey Co.   Solomon Co.  Consolidated

Number of shares exchanged  10,000          100,000

Plant assets                       $1,700,000      $255,000       $1,955,000

Thus, the consolidated financial statements of Passsey Co. as of December 31, Year 1 would report plant assets at<em> iii. $1,955,000.</em>

Learn more: consolidating plant assets of parent and subsidiary here: brainly.com/question/24635717

3 0
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