Answer:
The correct answer that fills the gap is <em>d. before.</em>
Explanation:
Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.
The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.
The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.
The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:
- Cumulative income not collected.
- Customer advances.
...increase due to unemployed people becoming employed and joining labor force, along with the fact that the working age population is staying constant
Answer:
D) She volunteers to do the mundane tasks others avoid, and she does things like buying birthday cards for co-workers and organizing parties.
Explanation:
Noelle is someone that is an average performer, so she will be open to doing mundane tasks since she is not overly worried about having a star performance.
She is also some one that spends more time than she should socializing with friends in other departments.
So she would be more prone to buying birthday cards for co-workers and organizing parties.
Noelle is an average performer with good social skills so she will be one that does not prioritise performing better than others
Answer:
a-3 / b-2 / c-4 / d-1
Explanation:
Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.
The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.
Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.
is a process designed to provide reasonable assurance regarding the reliability of financial reporting.
Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.
Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations
Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.
are reports prepared by a company's management to present the financial performance and position at a point in time.
Answer: -29.75% to 52.33%
Explanation:
Given the Average return and the standard deviation, the range that is to be expected 95% of the time can be calculated by;
Upper bound = Average + (2 * standard deviation)
Lower Bound = Average - (2 * standard deviation)
Upper bound = 11.29% + (2 * 20.52%)
= 11.29% + 41.04%
= 52.33%
Lower bound = 11.29% - (2 * 20.52%)
= 11.29% - 41.04%
= -29.75%
The range is, -29.75% to 52.33%
