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geniusboy [140]
3 years ago
12

Balance sheet accounts Group of answer choices 1. are called real accounts 2. have zero balances after the closing entries have

been posted 3. are not affected by adjustments 4. represent amounts accumulated during a specific period of time
Business
1 answer:
tatiyna3 years ago
7 0

Answer:

1. are called real accounts

Explanation:

Balance sheet accounts are the real account and these accounts do not close and balances of these accounts accumulated and carried forward to next accounting period. These balance represents the net accumulated values of all the past years. These accounts are also affected by the all the adjustments. Every transaction ultimately effect any of the balance sheet account.

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the correct answer for apex is superordinate goals

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3 years ago
Kevin is a 74-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda.
Diano4ka-milaya [45]

Answer:

Employed, Unemployed, Not in the labor force, unemployed

Explanation:

Kevin is a 74-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda.

KEVIN IS EMPLOYED

Maria is a 25-year-old recent college graduate. She did not work for pay last week, but she had two job interviews.

MARIA IS UNEMPLOYED

Rajiv is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago.

RAJIV IS NOT IN THE LABOR FORCE

Ana is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several

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4 0
3 years ago
Read 2 more answers
Reserves$72Checkable Deposits$240 Securities110Loans from Federal Reserve Banks2 Loans60 Consolidated Balance Sheet: Federal Res
mamaluj [8]

Answer:

d. directly increase by $2 and the money-creating potential of the commercial banking system will increase by $6

Explanation:

Note: The organized table of the question is attached as picture below

Total increase in money supply = (1/Reserve ratio)*2

Total increase in money supply = (1 / 0.25) * 2

Total increase in money supply = 4 * 2

Total increase in money supply = 8.

Out of which 2 is directly increased because fed deposits 2 into checking deposits and 6 is indirectly increased.

5 0
2 years ago
Curry Seasonings has a patented technology for finely grinding spices while maintaining flavor. This has allowed the company to
VLD [36.1K]

Answer:

<em>Run a recoverability test and then a fair value test.</em>

Explanation:

Business assets with a loss of value are subject to impairment tests to assess and identify the magnitude of the loss.

<em>Measuring the magnitude of the loss requires two steps:</em>

  • Performing a recoverability check is to decide whether an impairment loss occurred by determining whether the future value of the undiscounted cash flows of the asset is less than the asset's book value. If the cash flow is less than the value of the book, the loss will be assessed.
  • Measure the cost of damage by measuring the difference between the book value and the asset's market value.
4 0
3 years ago
The accounting records of Compass Point Wireless include the following as of December​ 31, 2016​:
uysha [10]

Answer:

1,               Compass Point Wireless

                  Balance sheet (partial)

Current Liabilities:                                $

Accounts Payable                            71,000

Interest Payable                               17,000

Salaries Payable                               10,500

Unearned Revenue                          2,400

Current Portion of Bonds payable  24,000

Total current Liabilities                 $ 124,900

Long term Liabilities                               $

Mortgage Payable                              80,000

Bonds Payable                                    64,000

Premium on Bonds Payable               10,000

Total long term liabilities                 $154,000

Total liabilities = Total current Liabilities + Total long term liabilities

=  $ 124,900 + $154,000

= 278900

2. Debt        Stockholders' equity           Debt to equity ratio

 278,900             160,000                             1.74

Note: Debt to equity ratio = Debt / Stockholders' equity

6 0
3 years ago
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