Answer:
Four (4)
Explanation:
The normal balances of the listed accounts are as follows.
Accounts Payable: credit balance
Cash: debit balance
Prepaid Rent: debit balance
Common Stock: credit balance
Salaries Payable: credit balance
Equipment: debit balance
Supplies: debit balance
Rent Expense: debit balance
Four of the eight accounts have credit balances.
The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.
According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.
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The correct answer would be the third option. A bond is issued at premium when a bond's stated interest rate is higher than the market interest rate. It is a type of bond wherein it offers a rate that is higher than what is the present interest rates. It is a bond usually issued in nations like Canada and United Kingdom. In UK, these bonds are deemed as lottery bonds which is being issued by the National Savings and Investment of their government. In Canada, on the other hand, it is called as Canada Premium bond which offers a high interest rate at the moment it is issued as compares to a Canada Savings Bond.
Answer:
$14.42
Explanation:
Please kindly check attachment for the step by step solution of the given problem.
Answer:
D. Level of optimism about the future
Explanation:
