Cognitive and linguistic functioning, reasoning, conceptual abilities, and problem solving
The work sheet reduces <u>risk of errors</u> when working with many accounts and adjustments.
<h3>What is a
work sheet?</h3>
A work sheet means an internal document used by companies to help with adjusting, closing accounts and preparation of financial statements
Some benefit of work sheet in preparation of financial statement includes:
- its reduces the possibility of errors when working with many accounts and adjustments
- its links accounts and adjustments to their impact on financial statements
- its helps in preparing interim financial statement
- its shows the effects of proposed or "what-if" transactions.
In conclusion, the work sheet reduces <u>risk of errors</u> when working with many accounts and adjustments.
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<em>brainly.com/question/26251148</em>
Answer:
The accrued interest payable to be reported on December 31, 2014 will be $240 and option a is the correct answer.
Explanation:
The interest rate given on the notes payable is the annual rate. Following the accrual basis of accounting, the revenues and expenses for a period should be matched and recorded in their respective periods. Thus, the interest relating to the period from October to December will be recorded as an expense on 31 December 2014 and debited to interest expense and credited to interest payable as the interest will be paid at maturity.
The interest expense for the 3 month period from October to December is,
Interest expense = 16000 * 0.06 * 3/12 = $240
The entry will be,
31 Dec 2014 Interest expense $240 Dr
Interest Payable $240 Cr
If a firm, best computer buys, requires its customers to buy software from it whenever the customers purchase a computer, the company's policy is called a tying arrangement.
A tying arrangement occurs while, thru a technological or contractual requirement, a dealer conditions the sale or hire of one service or product on the purchaser's settlement to take a second service or product.
Tying under U.S. law has been defined as "a settlement with the aid of a party to sell one product however best on the situation that the purchaser also purchases a distinctive (or tied) product, or at least is of the same opinion that he'll not purchase that product from another provider."
When a seller requires buyers to purchase second products or services as a situation of acquiring first services or products, it could run afoul of the federal antitrust legal guidelines. This is called a tying association or tying agreement.
Learn more about tying arrangements here brainly.com/question/9982025
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The answer to the question above is contingent worker. They
are employees or workers who are independent or freelancers in which they are
hired on a per project basis and that they are not considered to be workers who
are permanent on the job.