Answer:
The amount of Current liabilities is $7,710
Explanation:
The amount of current liabilities on the classified balance sheet is seen below;
Constable Corp.
Balance sheet as at December 31, year 1.
Current liabilities
Accounts payable $4,540
Wages payable $3,170
Total $7,710
Answer:
Sales revenue= $150,000
Explanation:
Giving the following information:
Barbara's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each.
<u>The sales revenue is calculated as follow:</u>
Sales revenue= number of units sold*selling price per unit
Sales revenue= 30,000*5
Sales revenue= $150,000
Answer:
False
Explanation:
The trial balance is prepared at the end of a counting period after all the accounts have been closed. The trial balance captures all the debits on one side and credits on the other. If the trial balance does not balance, it signifies errors in the general ledger. A balanced trial balance does not guarantee the absence of errors.
In preparing a trial balance, accountants usually follow the order of accounts as they follow each other as per the general ledger. It is not a requirement that either debits or credits come first.
Answer:
(A). Federal Administrative Agency
Explanation:
The Securities and Exchange Commission(SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities market.
The Securities and Exchange Commission was created in 1934 to help restore investor confidence in the wake of the 1929 Stock Market Crash.
The SEC is allowed to bring only civil actions, either in federal court or before an administrative judge.
Most of the administrative agencies are under the supervision of the President. Since SEC is an independent body, the President exercises limited power and control over it. But he does play a major role in influencing the activities of such independent bodies.
Thus, The Securities and Exchange Commission is an example of a Federal Administrative Body i.e option (A).
How you balance you money and how you keep track of you’re spending and what you need for living that mouth... I hope this helps a little
