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Nesterboy [21]
3 years ago
12

An adjusted trial balance should be prepared immediately:_________

Business
1 answer:
ivann1987 [24]3 years ago
5 0

Answer:

c.after posting adjusting entries.

Explanation:

A trial balance is a list of all the account balances at the end of a period.

An adjusted trial balance is a trial balance that contains all adjusting entries made as a result of transactions omitted from the books of account or adjustments as a result of errors in transaction recorded during the year.

An adjusted trial balance should be prepared immediately after posting adjusting entries. This is used to prepare the financial statements

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The on balance volume (OBV) indicatorA) considers only the amount of daily trading volume.B) indicates an up market when heavy v
Paul [167]

Answer:

A) considers only the amount of daily trading volume

Explanation:

On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price.

3 0
3 years ago
The president of a poor country has announced that he will implement the following measures that he claims are designed to incre
Studentka2010 [4]

Answer:

The correct answer is number (2): Reduce reliance on market forces because they allocate goods and services in an unfair manner.

Explanation:

Relying on market forces imply letting supply and demand freely decide the levels of quantity demanded and supplied goods and services and their corresponding prices. This scenario could lead to unfair market competition and inhuman labor standards. For that reason, government intervention is necessary to set fair rules for organizations and individuals within society.

3 0
3 years ago
All of the following are accurate statements about credit reports EXCEPT:
Paha777 [63]

Answer:

A. Consumers are not allowed to see their credit reports.

Explanation:

A credit report communicates how reliable an individual or an entity in repaying their debts. It assesses individual creditworthiness by assigning a credit score to each potential borrower. A high credit score shows the individual is reliable in settling their obligations.

Individuals are often encouraged to counter check their credit report to confirm accuracy. Credit bureaus do share credit reports with customers on-demand or at regular intervals. An inaccurate credit report may be a hindrance to obtaining credit facilities such as a loan or a mortgage.

3 0
3 years ago
Angelina has again found herself frustrated at work. Her manager, for whatever reason, never makes a decision. If anything is to
hichkok12 [17]

Answer:

The correct option is E , laissez-faire

Explanation:

Option A,autocratic is not correct since the scenario painted an opposite scenario and autocratic approach to management means the manager tells the subordinates what to do.

Bureaucratic is when decision making is slow because many stakeholders are expected to jointly decide.

However,laissez-faire is an approach where subordinates are allowed to think out of the box and get tasks accomplished without manager's interference.

8 0
3 years ago
Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are c
S_A_V [24]

Answer:

Net income = $76,000

Earning per share (EPS):

Income from continuing operations per share = $4.40 per share

Loss from discontinued operations per share = -$3.64 per share

Net Income per share = $0.76 per share

Explanation:

Note: See the attached excel file for the income statement.

Also Note: Two years (2016 and 2018) were mistakenly mentioned in the question instead of just one of them. I therefore picked 2016 to prepare the income statement.

In the attached excel file, the earning per share (EPS) is calculated as follows:

Number of shares outstanding = 100,000 shares

Income from continuing operations per share  = Income from continuing operations / Number of shares outstanding = $440,000 / 100,000 = $4.40 per share

Loss from discontinued operations per share = Loss from discontinued operations / Number of shares outstanding = -$364,000 / 100,000 = -$3.64 per share

Net Income per share = Net Income / Number of shares outstanding = $76,000 / 100,000 = $0.76 per share

Download xlsx
5 0
3 years ago
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