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bazaltina [42]
3 years ago
12

You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You noti

ce that there is a large amount in the Opening Balance Equity account. Which 3 reasons could be causing this balance?
Business
1 answer:
Scrat [10]3 years ago
7 0

Answer:

See explanation section

Explanation:

Three reasons could be causing the opening equity balance high, and those are -

1. Issuing more common stock is one of the significant reasons for the company that causes a large amount in the opening balance of the equity account.

2. Issuing excess preference stock to involve the investors can be the other reason to get a higher amount of beginning equity balance.

3. Making much profit for the prior years, and keeping them with the retained earnings without expanding the business can be the third reason.

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$3,000 is invested in an account paying 4% interest and twice that amount is invested at 6%.. . Which of the following expressio
Lorico [155]
The best and most correct answer among the choices provided by your question is the second choice which is "<span>0.06(6,000)."

</span>Twice of 3,000 is 6,000. Move the decimal of 6% to the left right to get 0.06% Then multiply them: <span>0.006(6,000).</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly.
3 0
3 years ago
Read 2 more answers
After decreasing Nominal &amp; Real GDP, the Federal Reserve will_______.
FinnZ [79.3K]
<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>
4 0
4 years ago
On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e
Jobisdone [24]

Answer:

$52,100

Explanation:

Given that,

Larry's Used Cars' first year of operations, the accounts receivable = $53,800

Company estimates that year-end receivables will not be collected = $1,700

Accounts receivable in the 2016:

= First year accounts receivables - Year end receivables not collected

= $53,800 - $1,700

= $52,100

Therefore, the accounts receivables in the 2016 balance sheet will be valued at $52,100.

8 0
3 years ago
ACCOUNT TITLE
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What are you asking?

4 0
3 years ago
Ashley, a purchasing manager, tells Franklin, the human resource manager, that she has selected a candidate to be her purchasing
ale4655 [162]

Franklin replies that Ashley should add information about the job responsibilities, work schedule, and starting date.

<u>Explanation:</u>

The job offer letter is delivered by the authority to permit and ask an individual officially to join the firm or an organization under given time period by responding in respective manner. This offer letter for job joining carry various basic information like

  • Job profile: which carry the type of work candidate need to perform in firm.
  • Job responsibilities: carry point wise all the work or duties one need to perform on daily basis especially and also occasionally like closing or festive time.
  • Work schedule: carry the stage wise or time allotment to each duty respectively.
  • Joining date: the very important information is date, time and venue of joining.
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3 years ago
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