1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ololo11 [35]
3 years ago
9

If an error is recorded in a journal entry,

Business
1 answer:
stiv31 [10]3 years ago
8 0

Answer:

(D) all of these.

Explanation:

Accounting errors do occur when making journal entries. In such a case, if one is spotted, corrections are usually done by an accounting staff who is more experience and they are done as soon as they are discovered to avoid forgetting. The errors should not be erased, however, the accountant draws a strikethrough on the erroneous entry and writes the correct one above the cancelled error. Therefore, all the choices given are correct.

You might be interested in
Pitfalls that should be carefully explored before outsourcing include
pentagon [3]
<span>These are some of the pitfall that should be carefully explored before outsourcing. It is difficult to full integrate outsourced processes with the firm's other processes. Deciding to outsource a process before making a good-faith effort to fix the existing one.The firm with a technology advantage may be setting up the other firm to be a future competitor</span>
6 0
4 years ago
Review stocks and bonds and describe how they differ in regards to corporate financing. Discuss common stock and preferred stock
Fudgin [204]

Explanation:

A preferred stock is a share of ownership in a public company. It has some qualities of a common stock and some of a bond. The price of a share of both preferred and common stock varies with the earnings of the company. Both trade through brokerage firms.

Bond prices, on the other hand, vary with the company's ability to pay. The difference is that preferred stocks pay an agreed-upon dividend at regular intervals. This quality is similar to that of bonds. Common stocks may pay dividends depending on how profitable the company is. Moreover, Prefered stocks dividend are often higher than the common stock.

4 0
3 years ago
Companies from the nation of Moldavia are more efficient in the production of certain types of apparel, while companies from the
Eva8 [605]

Options:

a. Investor collectivism theory

b. Rapid specialization theory

c. Investor individualism doctrine

d. Free trade doctrine

Answer: C. Investor individualism doctrine

Explanation:

Investor individualism doctrine is a doctrine that tends to show that an investors will invest or put Capital in a country that produces the product of which they are best in. In this case capital will be investigated in Moldavia since it is efficient in apparel manufacturing and to the United States of America because it is efficient in the production of computer systems.

INVESTOR WILL GENERALLY INVEST CAPITAL ON THE ECONOMIC COMPETENCE (WHAT A COUNTRY IS EFFICIENT IN PRODUCING) OF A COUNTRY.

8 0
3 years ago
Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $23 m
aliya0001 [1]

Answer:

ROIC for firm HL = 11.25%

ROIC for firm LL = 11.25%

Explanation:

Given:

EBIT = $3,450,000

Tax rate = 25%

Invested capital = $23,000,000

Note that the information above is the same for both firms HL and LL. This implies that their ROIC will be the same as calculated below:

ROIC = (EBIT * (100% - Tax rate)) / Invested capital ……………………. (1)

Substituting the values into equation (1), we have:

ROIC = ($3,450,000 * (100% - 25%)) / $23,000,000 = 0.1125, or 11.25%

Therefore, we have:

ROIC for firm HL = 11.25%

ROIC for firm LL = 11.25%

3 0
3 years ago
April Corporation developed the following per-unit standards for its product: 2 pounds of direct materials at $3.75 per pound. L
BigorU [14]

Answer:

200 Unfavorable

Explanation:

Calculation to determine what The direct materials usage variance for last month was:

Material usage variance =( Direct materials pounds - Direct materials units) * Actual quantity purchased

Let plug in the formula

Material usage variance= (2 pounds *900) -2,000 pounds

Material usage variance= 1,800 - 2,000

Material usage variance=200 Unfavorable

Therefore The direct materials usage variance for last month was 200 Unfavorable

7 0
3 years ago
Other questions:
  • According to its 2013 10-K, how many more shares can Colgate repurchase in the future under it share repurchase program?
    15·1 answer
  • How can career readiness and competence help my career​
    5·1 answer
  • What is the present value of a security that will pay $38,000 in 20 years if securities of equal risk pay 11% annually? Do not r
    5·1 answer
  • Which of the following is a product that is considered a commodity?
    11·1 answer
  • What is <br> general education....
    13·1 answer
  • West Electronic Corporation sources goods and services for its electronics products from the different locations around the glob
    11·1 answer
  • Waterway Industries purchased a depreciable asset for $837300 on January 1, 2018. The estimated salvage value is $84000, and the
    11·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $675,000; Allowance for Doubtful Accounts has a debit balan
    9·1 answer
  • Prosperous Production makes two products from a common input. Joint processing costs up to the split-off point total $42,300 a y
    8·1 answer
  • Based on the information in the table, which BEST explains the relationship between Country A and Country B?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!