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motikmotik
3 years ago
11

For businesses that gross in excess of $10 million per year, pro forma amounts are usually ________. rounded to the nearest ten

thousand dollars rounded to the nearest one thousand dollars rounded to the nearest one hundred dollars stated in exact amounts.
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

rounded to the nearest ten thousand dollars

Explanation:

The term pro forma financial statements refers to a type of financial statement which estimates future financial results. It doesn't follow the GAAP, instead it is designed to focus on specific figures about a company's expected earnings. Although pro forma financials are only expected financial statements, it is still illegal to mislead investors using them.

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Which lender most likely offers the best options on a short-term loan?
DochEvi [55]

Answer:

a. payday lender. a company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.

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3 0
3 years ago
On January 4, 2019, Kiley Co. leased a building to Dodd Corp. for a ten-year term at an annual rental of $200,000. At the beginn
finlep [7]

Answer:

b. $200,000 $400,000

Explanation:

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So we assume $200,000 is the current year rent revenue and the other $200,000 represents the unearned rent revenue which is reflected as a current liability

And, the security amount is shown as a long term liability

4 0
3 years ago
Which of the following is a distinguishing characteristic of oligopoly? Question 1 options:_____
julsineya [31]

Answer:

B. Natural barriers cannot prevent the entry of new firms.

Explanation:

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3 0
3 years ago
The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9:
Marizza181 [45]

Answer:

Adjusted bank account balance = Adjusted cash book balance = $34,500

Explanation:

Note: The correct requirement of this question is actually as follows:

Prepare a bank reconciliation.

It is not the ones erroneously stated in the question.

The bank reconciliation can now be prepared as follows:

Wolfpack Bread Inc.

Bank Reconciliation

August 31, 20Y9

Statement of Adjusted Bank Account Balance  

<u>Details                                                                       Amount ($)  </u>

Cash balance according to bank statement              33,580

Add:

Deposit in transit, not recorded by bank                    14,260

Less:

Checks outstanding                                                  <u>   (13,340)  </u>

Adjusted bank account balance                            <u>    34,500  </u>

Statement of Adjusted Cash Book Balance  

<u>Details                                                                       Amount ($)   </u>

Cash balance according to Wolfpack                         34,437

Add:

Check error ($762 - $276)                                              486

Less:

Bank service charges                                                     (144)

Other reconciling items (w.1)                                      <u>   (279)  </u>

Adjusted cash book balance                                    <u>  34,500  </u>

<u>Working:</u>

w.1: Other reconciling items = Cash balance according to Wolfpack + Check error ($762 - $276) - Bank service charges - Adjusted bank account balance = $34,437 + 486 - 144 - $34,500 = $279

7 0
2 years ago
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