Answer:
the correct answer is variously.
The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>
<h3>What is Bookkeeping?</h3>
Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
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A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique local needs, tastes, or preferences. the company is using a multidomestic strategy.
A multidomestic strategy is an international marketing approach. This approach focuses more on advertising and commerical efforts rather than gaining the global support from consumers. They focus their product and adjust it to the country they're in rather than just globally at once.
Black Friday where speculators with Grant tried to corner the gold market and the Whiskey ring which was a diversion of tax revenues between government, politicians, and whiskey distillers.
Answer:
Total current liabilities 13,800
Explanation:
Current Liabilities:
Obligation to pay or do within a year.
We are on Dec 31th 20X2 so anything due on Dec 31th 20X3 or before this date, will be current.
Note payable 2,000 (due nov 1, 20X2)
Discount on NP (500)
Note payable net 1, 500
Unearned Revenues 9,200
(80% of the 11,500 will be provided during the year)
Account Payable 1,600
Total current liabilities 13,800
the allowance for doubtful account is a contra-asset account not a liability account.
The equity is not part of the current liabilities.
the dividends were declared and paid, so there is no dividend payable.
