I live in Indiana all I did was go to the court house and filled they ask you a lot of questions about times and dates and any witness. It was free.
Answer:
(B) Post-closing trial balance
Explanation:
after the closing entries, the temporary accounts are closed. It will only disclosure the permanent accounts, which are the assets, liabilities and equity of the business.
The unadjusted TB will be before adjusting entries and closing entries.
The adjusted TB will be before the closing entries, it wil include both, temporary and permanent accounts
The worksheet is an auxiliary paper to create the financial statements.
The general ledger compiles each account balance and transaction related to each account to determiante this balance.
<h2>Analytical skill allow a manager to be able to make a problem apart and determine where the snag is.</h2>
Explanation:
Decision making:
Though it looks like closely matches, this skill enable people to take decision on various choices by analyzing its pros and cons. So this option goes invalid for the given situation.
Analytical:
This is the right choice. Analytical ability allows the person to analyze the problem, find the root cause and suggest possible solution.
Conceptual & Technical skill: These both are related to Technical aspect. But the given situation is based on the soft skill aspect.
Answer:
D) $60,000
Explanation:
Loss which Karen can report on her tax return will be 50% of the loss for the year = 50% of $ 120,000 = $ 60,000
Answer:
True
Explanation:
The net revenue or net loss would be expressed in the retained earnings account statement.
The computation of the ending retained earning balance is shown below:
The ending balance of retained earning = Opening balance of retained earnings + net income or net loss - cash dividend paid
These are the closing entries which are shown below:
Income summary A/c Dr
To Retained earning
(Being the difference is credited to retained earning)
Retained earnings A/c Dr
To Cash Dividend A/c
(Being dividend account is closed)
