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Lemur [1.5K]
3 years ago
9

A trial balance:_____.

Business
1 answer:
kakasveta [241]3 years ago
8 0

Answer:

d. All of these answer choices are correct.

Explanation:

There are two sections namely debit sections and credit sections. The total of debit and credit sections is always be matched and equaled

The debit sections reports assets and expenses side

whereas, the credit sections reports revenue, stockholder equity, and the liability side.  

Moreover, the balances are used to prepare the financial statement i.e income statement, balance sheet, etc

The trail balance is prepared three times i.e non adjusted, adjusted and the post-closing trail balance

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It's okay to lower a vehicle onto a high-reach support stand.<br><br> True or False
liubo4ka [24]

Answer:

False

Explanation:

Use high reach vehicle support stands to help stabilize the vehicle for jobs that involve considerable displacement of weight or that shake the vehicle. Never lower vehicles onto vehicle support stands. If this is done, the stands may push the vehicle off the lift.

5 0
3 years ago
What is a misdemeanor?
nasty-shy [4]

Answer:

D

Explanation:

In fact a misdemeanor is less bad than a felony

6 0
3 years ago
:How is a ‘provision for reserve’ in a balance sheet, a liability or an asset. Explain.
Maslowich

Explanation:

A provision is indeed an item freed up from either a company's revenue to cover potential future costs or a probable property price decrease. It shows up as spending on the financial statements and is documented as a current liabilities.

3 0
3 years ago
The Fan Cost Index​ (FCI) represents the cost of four​ average-price​ tickets, refreshments, and souvenirs to a sporting event.
Mashcka [7]

Answer:

The hockey FCI is $53.57 and the golf FCI is 45.12$.

Explanation:

The hockey FCI (HFCI) is $8.45 more expensive than the golf FIC (GFCI). You know that both FICs are in total: $98.69.  

1- Subtract $8.45 from the total of $98.69: $90.24.

2- Split the remaining amount in half: $90.24/2: $45.12.  

3- The HFCI is $45.12 + $8.45: $53.57.

   The GFCI is $45.12.  

If you add both FCIs you should get the total $98.69:

$53.57 + $45.12: $98.69$

The hockey FCI is $53.57 and the golf FCI is 45.12$.

I hope this answer helps you!

6 0
3 years ago
Limited Liability Companies (LLCs) are gaining in popularity over sub-chapter S corporations because:_____.
Kisachek [45]

Answer:

E. They are simpler when it comes to paperwork, offer some of the same tax advantages and also protect members from unlimited financial exposure

Explanation:

Limited liability companies are set up to protect the owners from liability. The business is a seperate entity from the individual owners and their assets are not used to settle debts of the business.

This type of business is gaining more use than S corporation. S corporation in addition to having liability advantages also requires more rigid requirements to set up. They do not pay corporate tax, but rather are taxed as sole proprietorship or a partnership.

Because of the ease of setting up an LLC more people prefer it to an S corporation. It also protects owners from unlimited financial liability

7 0
3 years ago
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