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Mariulka [41]
3 years ago
9

Once the adjusting entries are posted, the adjusted trial balance is prepared to a.verify the correct flow of accounts into the

financial statements b.verify that the net income (loss) is correct for the period c.verify that the net income correctly flows into the statement of owner's equity from the income statement d.verify that the debits and credits are in balance
Business
1 answer:
Sauron [17]3 years ago
3 0

Answer:

d. verify that the debits and credits are in balance.

Explanation:

Option A is wrong because without adjusting entries, there is not necessary to adjust the flow of the financial statement.

Option B is wrong because, if we do not give adjusting entries, a debit and a credit entry will not come, and that cannot disturb the income statement.

Option C is wrong because whether the adjusting entries are posted or not, net income will always go to the statement of owner's equity.

The purpose of adjusting entries is to verify that the debits and credits are in balance. Therefore, <em>option D</em> is the answer.

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If real gdp in a particular year is $80 billion and nominal gdp is $240 billion, the gdp price index for that year is:
Alex787 [66]
<span>The gdp price index for that year is 300.
This is how we calculate this;
Gdp price index = 100 x nominal gdp / real gdp
=100 x 240 / 80
=24000/80
</span>Gdp price index = 300
5 0
3 years ago
To provide better service for their customers, America Online purchased office space in India for their online customer service
jekas [21]

Answer:

Foreign Direct Investment

Explanation:

For an investment to be called a foreign direct investment, a business in one country must purchase a form of controlling ownership in another business which is located in another country. Mergers and acquisitions, opening a new facility in another country, or purchasing properties in another country for the purpose of doing business is called FDI. In the question, America Online purchases office space in India; this is purely an example of Foreign Direct Investment.

4 0
3 years ago
FunnyTime Products uses humor in its ads to communicate with its fun-loving consumers. What type of ads does FunnyTime Products
pashok25 [27]

Answer: (C) Emotional

Explanation:

 The emotional advertisement is one of the type of emotional based appeal advertisement process that helps in communicating with the customers or consumers.

The emotional based advertisement include all the types of emotions so that the customers feel connected with the brand and the products in the market.

According to the given question, the Funny-time products  is basically using the emotional advertisement for communicating with the fun-loving customers. Therefore, Option (C) is correct answer.    

7 0
3 years ago
) suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, and excess reserves ar
Inessa05 [86]
Money supply = Currency in circulation + Checkable deposits.=600 + 900 = 1500 Billion

Current deposit ratio = Currency in Circulation/ Checkable deposits. = 600/900 = .667

Excessive reserve ratio = Excess Reserves/Checkable deposits.= 15/900 = .0167

Money multiplier = (1 + C)/(rr + ER + C)= (1 + .667)/ (.0278 + .0167 + .667) = 2.343
4 0
3 years ago
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Compared to commercial banks, finance companies usually signal solvency and safety concerns by
Oduvanchick [21]
Compared to commercial banks, finance companies usually signal solvency and safety concerns by holding higher capital-asset ratio


7 0
3 years ago
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