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vagabundo [1.1K]
3 years ago
5

The current pay period ends on Friday, January 2, yet the company's fiscal year-end is on Wednesday, December 31. If the company

does not make the proper adjusting entry to accrue payroll expenses at year-end, what would be the impact?
a. Understate assets
b. Overstate operating income
c. Understate stockholders' equity
d. Overstate liabilities
Business
1 answer:
Umnica [9.8K]3 years ago
4 0

Answer:

b. Overstate operating income

Explanation:

According to my research on business financing terms, I can say that based on the information provided within the question the impact of this would be an overstated operating income. This refers to a balance that is documented as having more money than it actually has. This would be the case since the payroll payments have not yet been subtracted.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Furnaces & Filters Inc. is a public company whose shares are traded in the public securities markets. Under the Sarbanes-Oxl
Veseljchak [2.6K]

Answer:

internal disclosure controls and procedures.

Explanation:

"Internal disclosure controls and procedures" is a new term created by the Sarbanes-Oxley Act of 2002 and it refers to controls and procedures that must be setup by top management of a corporation in order to ensure that the information it discloses under the Securities Exchange Act is properly recorded, processed, summarized and reported.

4 0
3 years ago
The area of accountancy that is focused on arranging company financial information to give to managers to make decisions is
Alina [70]

Answer: Managerial Accounting or Management Accounting.

Managerial Accounting helps managers to use the data in the financial statements in order to take decisions. These decisions help them in managing the company's operations and aid in keeping control of matters under their purview.

Managerial Accounting includes any topics from cost accounting. It helps managers to make internal plans, execute them and also see if the plans have been accurate.

4 0
3 years ago
IT Support Services is a technology company that offers many IT services in highly populated southern Maine. The company's servi
Vitek1552 [10]

Answer:

<em>broad needs and many customers. (Access-based positioning) </em>

Explanation:

Consumer segmentation that is available in multiple ways.

While their needs are similar to those of other consumers, the difference is the best activity structure to reach them.

Entry can be a feature of company location or consumer size or anything that takes a different set of activities to meet clients in the best possible way.

7 0
3 years ago
How does the business cycle affect consumers? check all that apply.
kiruha [24]

Answer:

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5 0
2 years ago
A stock's dividend is expected to grow at a constant rate of 5% a year, which of the following statements is CORRECT? The stock
Llana [10]

Answer:

a. The stock's price one year from now is expected to be 5% above the current price.

Explanation:

Under gordon model:

\frac{divends}{return-growth} = Intrinsic \: Value

If we calculate the value of the stock for the year after that:

\frac{divends x (1 + growth)}{return-growth} = Intrinsic \: Value

to calculate the value of the increase we divide next year over current year.

\frac{divends(1+growth)}{return-growth} \div \frac{divends}{return-growth}\\\\\frac{divends(1+growth)}{return-growth} \times\frac{return-growth}{divends}\\\\\frac{divends(1+growth)}{divends}= 1+ growth

We have demostrate that next year stock should increase by 1 + growth so statement c is correct.

7 0
3 years ago
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