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Goshia [24]
3 years ago
10

The balance of an account is determined by

Business
1 answer:
AlladinOne [14]3 years ago
4 0

Answer:

(B) adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum

Explanation:

While calculating the closing balance of any account,

There includes two possibilities that the account might have debit balance or the account might have credit balance. And for computing this:

All the debits shall be accumulated and then their total shall be computed.

Similarly, all the credits shall be accumulated and their total shall be done.

Which ever is more then the account will have that nature of balance, accordingly the smaller shall be deducted from the larger one and the larger one will decide the nature of balance whether debit or credit.

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New materials and products and ingredients. innovation, breakthroughs developments.improved production processes and business modules

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What is the difference between gross pay and net pay?
fiasKO [112]
I think it is B please put me brainless answer if I got it right
6 0
2 years ago
Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000 five years from now. If Flah
makkiz [27]

Answer:

PV= $90,990.39

Explanation:

Giving the following information:

Future value= $140,000

Number of periods= 5 years

Rate of return= 9%

<u>To calculate the price to pay today, we need to calculate the present value. We will use the following formula:</u>

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7 0
2 years ago
During its first month of business, Kochanski Company reported net cash flows from operating activities of $5,000, net cash flow
sineoko [7]

Answer:

Net cash increase is $45000.

Explanation:

Net cash flow from (OA) operating activity = $5000

Net cash flow from (I) investing  = $10000

Net cash flow from (F) financing activity = $50000

Net cash increase = Operating activity cash flow + Financing activity cash flow - Net cash flow from investing  

Net cash increase = 5000 + 50000 – 10000

Net cash increase = 45000

3 0
3 years ago
Mr. and Mrs. Pitt filed a joint tax return in 2017. The couple divorced in 2018. The IRS audited their 2017 return and determine
AURORKA [14]

Answer:

C. Because the couple is divorced, the IRS must apportion the deficiency between Mr. and Mrs. Pitt based on their relative contribution to their 2015 taxable income.

Explanation:

Because Mr and Mrs Pitt filed for a joint tax return in 2017 and got divorced in 2018 and IRS audited their tax return and found that they both underpaid their tax, the IRS must apportion the deficiency 50-50 between both of them based on their separate returns.

3 0
3 years ago
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