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Marta_Voda [28]
3 years ago
13

A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as

well as institutional investors. True False
Business
1 answer:
Nuetrik [128]3 years ago
3 0

Answer:

False

Explanation:

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he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what
neonofarm [45]

The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.

<h3>Who is an accountant?</h3>

An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.

Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.

Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.

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4 0
2 years ago
what dimension of the business use of cloud systems focus on the benefits of rapid deployment, on-demand provisioning, and disas
Ann [662]

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Each location where big clouds usually spread out their operations is a data center.

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8 0
1 year ago
When you purchase a new surfboard you do so in the Group of answer choices factor market. product market. input market. resource
SSSSS [86.1K]

Answer:

input market

Explanation:

5 0
4 years ago
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Which of the following asset accounts is increased when a receivable is collected? a.Accounts Payable b.Supplies c.Cash d.Accoun
Nikitich [7]

Answer:

(C) Cash

Explanation:

Receivables means deptors. These are obligations that has been honoured and value given, but you're yet to get cash. Receivables are seen as such. So the things you've given value to and you're yet to receive cash or payment for are receivables.

So when receivables are collected, then the asset account Cash is increased.

On the Delivery of goods or Services, the company debits Accounts Receivable and credits what is known as Sales Revenues or Service Revenues. When an account receivable is collected say 30 days later, the account receivables is reduced and the Cash or bank account is increased.

7 0
4 years ago
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