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Anastasy [175]
3 years ago
13

Closing entries transfer the balances of all temporary accounts (revenues, expenses, and dividends) to the Common Stock account.

True / False.
Business
1 answer:
qaws [65]3 years ago
3 0

Answer:

False

Explanation:

False because the income, expenses accounts are closed to profit and loss account or income summary.

they are closed by transferring the  credit balances in revenue a/c and debit balnace in expenses a/c to clearing account income summary.

The assets and liabilities , common stock, equity account are not closed.

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Ramses Corporation produces a product that passes through two processes. During April, the first department transferred 19,000 u
hram777 [196]

Answer: See explanation

Explanation:

A. The number of units started in the second department during April will be the number of units that is transferred in from the first department. This will be

= 19000 units

B. The number of units completed in the second department during April will be:

= Beginning units + Started Unit - Ending units

= 4000 + 19000 - 5500

= 17500 units

C. The number of units started and completed in the second department during April will be:

= Completed units - units in beginning WIP

= 17500 – 4000

= 13500 units.

3 0
3 years ago
Bridgette is a managerial accountant at the Middle Peninsula Manufacturing Company.​ Recently, Bridgette received a Certified Ma
Anettt [7]

Answer:

B. Institute of Management Accountants​ (IMA)

Explanation:

B. Institute of Management Accountants​ (IMA)

The Institute of Management Accountants is an institute where individuals are taught courses in accounting, financial accounting, management accounting, business studies, economic laws etc. This institute prepares the person to have professional study of all the managerial accounting practices involving different fields of study. There are three  basic stages, the first is the operational level, then the managerial level and the third is the strategic level. At each level a competitive exam is held to ensure the learning of accurate and high structured policies among emerging accounting managers.

It is a member of different  international accounting bodies and firms .

4 0
3 years ago
For which buyer would a lender most likely approve a $200,000 mortgage?
jolli1 [7]
I think the answer is B: a person with a credit score of 760 with a small amount of debt who has had steady employment for many years. 

5 0
3 years ago
Read 2 more answers
What does ships in 1 2 business days mean?
Verdich [7]
It means your order should leave (usually does not mean always) the warehouse ( or the store) within 1 or 2 days after your order is received.

The arrival time will depend on how your order is shipped.
8 0
3 years ago
Read 2 more answers
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information:
Ilia_Sergeevich [38]

Answer:

141 Units

Explanation:

please see attachment

4 0
3 years ago
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