Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts <u>owed</u> at the end of the accounting period.
<h3>What are adjusting entries?</h3>
Adjusting entries are the end-of-the-year entries made to ensure that the income statement and balance sheet present the correct, up-to-date numbers.
Some of the adjusting entries include:
- Accrued revenues
- Accrued expenses
- Deferred revenues
- Prepaid expenses
- Depreciation expenses.
Thus, Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts <u>owed</u> at the end of the accounting period.
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Answer:
In order to accomplish its goal, the Fed needs to sell $5 million value of bonds.
Explanation:
First, we need to calculate the value of the bonds
Value of bond = Amount of Money supply x Reserve requirement rate
Where
Amount of Money supply = $50 million
Reserve requirement rate = 10%
Placing values in the formula
Value of bond = $50 million x 10%
Value of bond = $5 million
To increase the money supply the bonds are needed to be sold in the market.
Hence, In order to accomplish its goal, the Fed needs to $5 million value of bonds.
Answer:
Student's t-test
Explanation:
William Sealy Gosset a statistician was born on the 16th of June, 1876. In 1908, he published the article "the probable error of a mean" (biometrika, vol. 6, pp. 1-25. in this pioneering paper, written under the pseudonym "student," gosset introduced what later became student's t-test.
Answer:
235,000
Explanation:
it is because 200,000+20,000+15,000
Flotation costs are the amounts that are significantly required for the issuing of various securities in a company such as legal fees and registration fees. In addition, the type of funding that would mostly likely incur flotation costs in Webee Ltd. would be by issuing common stocks.