Answer:
True
Explanation:
There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to balance the total debit and credit columns. The debit columns reflect assets and expenses side while sales, stockholder equity, and the liability side are listed in the credit column.
After passing the adjusting entries, the account balances are updated which we called a post-closing trial balance
So, the given statement is true
Answer:
Social conventions
Explanation:
Based on the information provided within the question it can be said that this is an example of cross-cultural diversity in terms of Social conventions. Social conventions refer to the rules or norms that individuals in society perform subconsciously. Such actions or behaviors can include greeting someone, shaking hands, or even driving on the right side of a road.
Answer:
Check the following explanation.
Explanation:
Corporation has no accumulated E & P at the time of the distribution. The shareholder has a taxable dividend equal to the current E & P determined at year-end, which was $40,000. The balance of the distribution,$20,000, reduces the shareholder’s basis in the stock, and any excess over basis results in capital gain.
Answer:
The correct answer is option C.
Explanation:
The real GDP of a nation was $250 billion in 2015, its population was 122 million.
In 2016, its real GDP was $265 billion and its population was 125 million.
The real GDP per capita in the year 2016 is
= 
= 
= $2,120
The GDP per capita in 2016 is $2,120.
Continually reassess your plan. As part of the investment process and financial planning process, Holly should monitor and reassess her savings and investing plan annually to determine if her goals have changed and if she is meeting her goals through the plan's performance.
