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Svetach [21]
3 years ago
6

An adjusted trial balance:Is a list of all accounts and their balances after adjusting entries.Is a list of all accounts and the

ir balances before adjusting entries.Is a list of all accounts and their balances after closing entries.Is a trial balance adjusted for cash-basis accounting.
Business
1 answer:
saul85 [17]3 years ago
6 0

Answer:

Is a list of all accounts and their balances after adjusting entries

Explanation:

There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to match the total debit and credit columns.

The debit columns record assets and expenses side while revenues, stockholder equity, and the liability side are recorded in the credit column.

And, the adjusted trial balance is that trial balance which provided the list of all accounts after recording the adjusting entries

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Off-balance-sheet activities consist of issuing financial instruments such as various types of guarantees and engaging in deriva
kramer

Answer:

True

Explanation:

Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).

Meaning assets and liabilities that are deferred or contingent to business success.

4 0
3 years ago
Rachel is preparing to open her own raft rental business, cleverly named Rachel's Rafts. She figures out that her fixed costs wi
Arisa [49]

Answer:

selling price= $5

Explanation:

Giving the following information:

Fixed cost= $7,500

Unitary variable cost= $2

Break-even point= 2,500 units

<u>The break-even point is the number of units to sell to cover the fixed costs. At this level, net income is zero.</u>

So given the costs structure and 2,500 units to sell, the selling price that provides the break-even point is:

Break-even point in units= fixed costs/ (selling price - unitary variable cost)

2,500 = 7,500 / (selling price - 2)

2,500selling price - 5,000 = 7,500

2,500selling price = 12,500

selling price = 12,500 / 2,500

selling price= $5

7 0
2 years ago
Why would a sole proprietorship or partnership need to submit a DBA form for the company?
Feliz [49]
If you’re a sole proprietorship  or general partnership, you’ll need to file a DBA if you want your company to operate under a name that’s not your full, legal name, or your partner’s name. That’s because sole props and GPs are unincorporated, and they don’t need to file entity formation papers, and a business entity name, with the state. (Though they do still need to acquire the necessary business licenses and permits.)

So, they and their business are one in the same entity—which means they and their business have the same name, too—unless they file a DBA. 




I hope it helped you!

7 0
2 years ago
Read 2 more answers
In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support. What is Car
lana [24]

The tax laibility as calculated is $1036.

<u>Explanation:</u>

a.)  Carson earnings  $14000

Less: the Standard deduction  $12000

Taxable income  $2000  

Tax liability  $200

b.)  Carson earnings  $14000

Qualified dividend income  $5000

Gross income  $19000

less: Standard deduction  $12000

Taxable income  $7000

Taxable income taxed at carson rate  $2000

($7000 minus $5000)  

           Ordinary Tax  $200

Kiddie Tax is calculated as follows:  

Gross unearned income  

unearned income                             $5000

Kiddie tax up to 2600                          $260

Kiddie tax for over and above 2600  $576

                                                                     $836  

Total tax liability ($200 plus $836)           $1036

 

7 0
3 years ago
The primary purpose of a fund is (p. 21-22)
tamaranim1 [39]

Answer:

To segregate an organization's resources according to the purpose(s) for which they are to be used.

Explanation:

A fund is a certain amount of money that is set aside for a specific purpose. These types of funds are often invested and managed by professional protfolio managers so that they make gains over time. Example of funds includes pension funds, insurance funds, endowments, and foundations.

For a company formation of funds helps the company segregate their resources so that they can be effectively allocated toeet various business needs.

6 0
3 years ago
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