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Bess [88]
3 years ago
8

The entries that transfer the​ revenue, expense, and dividends balances to the Retained Earnings account to prepare the​ company

's books for the next period are called​ ________ entries.
Business
1 answer:
Gemiola [76]3 years ago
8 0

Answer:

The correct answer is "Closing entries"

Explanation:

Closing entries, commonly named as closing journal entries, are records produced at the close of an accounting period to transform in 0 "zero" all temporary accounts. Usually is the balance is transferred to permanent accounts. It is used to close the temporary accounts and reset the balance every end of period.

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The United States has an unemployment compensation program that provides income for those out of work. In this case, unemploymen
hoa [83]

Answer:

C

Explanation:

Unemployment itself does not get solved by the government providing unemployment benefits. Rather it prolongs the issue as many workers go onto rely on the free money and may not get back to work again. Which is a negative as the person does not "contribute to the society" in one sense. However many long-term unemployed people are unemployed for other reasons such as medical or bankruptcy, or more personal issues. Many do get back to work after a few months. However for the question itself, it is still a problem

4 0
3 years ago
Carrot Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 d
Tpy6a [65]

Answer:

$45,000

Explanation:

For computation of Carrot’s capital loss carryover to 2018 first we need to figure out some steps which is shown below:-

Step 1

Net Capital Loss = Net Short Term Capital Gain -2017 - Net Long Term Capital Loss -2017

= $65,000 - $250,000

= -$185,000

Here, Net Capital Loss amount $185,000 which is not deductible in year 2017, but can be carried back to the three preceding years i.e. 2014, 2015 and 2016

Step 2

Net Capital Loss is set off in preceding years = Net Short Term Capital Gain - 2014 + Net Short Term Capital Gain  2015 + Net Short Term Capital Gain - 2016

= $60,000 + $45,000 + $35,000

= $140,000

and finally

Amount of loss Carryover to 2018 = Net Capital Loss - Net Capital Loss is set off in preceding years

= $185,000 - $140,000

= $45,000

5 0
4 years ago
Question 5 eiyfgeyfie
stepladder [879]

Answer:

where's the question?

5 0
3 years ago
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Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported semiconductors:
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Answer:

A

Explanation:

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An email message that appears legitimate arrives in your inbox from your bank and asks you to click on a link in the message and
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