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Luden [163]
3 years ago
5

The closing entry process consists of closing:A)all asset and liability accounts.B)out the Retained Earnings account.C)all perma

nent accounts.D)all temporary accounts.
Business
1 answer:
allochka39001 [22]3 years ago
8 0

Answer:

D.) All the temporary accounts

Explanation:

The closing entry process closes or "zeroes out" the temporary accounts and transfer their balances to the retained earnings account.

Theses temporary accounts are closed or reset at the end of every year. Companies also call this as the closing of the books.

Temporary accounts includes:

1. Revenue & Gain Accounts

2. Expenses & Losses Accounts

3. Dividends & Withdrawal Accounts

4. Income Summary accounts (if used)

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The ________ theory states that firms undertake foreign direct investment when the features of a particular location combine wit
liraira [26]

Answer:

D. Eclectic theory

Explanation:

Sometimes referred to as the OLI-Model or OLI-Framework, the eclectic theory simply assumes that firms and institutions will always avoid transactions in open markets of the cost of completing the same transaction internally or in-house carries a lower price. Thus, firms undertake foreign investment when characteristics of of a location combined with ownership and internalization advantage, thereby making location appealing for an investment.

3 0
3 years ago
Read 2 more answers
According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left sch
My name is Ann [436]

Answer:

b. There would be both a human and economic loss.

Explanation:

In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily

Therefore the option b is correct

8 0
3 years ago
Suppose that TapDance, Inc.’s, capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of de
Rzqust [24]

Answer:

11.07%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of  common stock) × (cost of common stock)

= (0.25 × 8%) × ( 1 - 34%) +  (0.75 × 13%)

= 1.32% + 9.75%

= 11.07%

We simply multiply the weighatge with its capital structure so that the correct weightage cost of capital can come.

5 0
3 years ago
How will this be displayed in a journal entry? T-account?
nydimaria [60]

Answer:

Date         Account titles and description

20                                 No entry  

26                                 No entry  

31                                  No entry  

31                                  No entry

Explanation:

1. Only $5,500 was submitted by Brett. No incorporated financial transaction

2. Owner not prepared to pay $5.500

3. Also Brett's provision for vehicle prices to be winterised will be $75.

4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.

Thus, no log entry as well as T accounts have been completed.

8 0
3 years ago
Read 2 more answers
Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. Why is it important for her to che
GalinKa [24]

Answer:

To verify the accuracy of his rental history

Explanation:

Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.

He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.

Explanation:

4 0
3 years ago
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