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Anarel [89]
3 years ago
7

The key accounting considerations relating to accounts payable are:

Business
1 answer:
seraphim [82]3 years ago
4 0

Answer:

D. Determining their existence and ensuring that they are recorded in the appropriate accounting period.

Explanation:

The accounts Payable are a liability for the owner or company. They must be recorded in the appropriate accounting period as to determine their  liabilities. If they are recorded incorrectly the liabilities balance would be incorrect.

Determining their existence is equally important as unawareness may lead to wrong payments and all the cash balance may be disturbed. For example if we are given a discount and we do not know then this may lead to more payment than required. Similarly if we are not getting a discount and we are paying less than the required amount , this may also keep the liabilities overstated.

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The aggregate demand curve would shift to the right as a result of A. tax increases. B. a drop in the price level. C. a drop in
UNO [17]

Answer:

. C) a drop in the foreign exchange value of the dollar.

Explanation:

An aggregate demand curve can be regarded as a curve that display total spending that is available

domestic goods/services with respect to their price level. the horizontal axis provide the real GDP while price level is displayed by vertical axis. It should be noted that The aggregate demand curve would shift to the right as a result a drop in the foreign exchange value of the dollar.

6 0
3 years ago
It is the end of the year but not the end of the pay period. How will this affect the balance sheet?
Nataliya [291]

Answer:

This has no effect on the period-end balance sheet.

Explanation:

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.

8 0
4 years ago
Read 2 more answers
XYZ Co. provides the following information for the year 2016. Issue common stock for $28,000, sell factory machines for $3,000,
GREYUIT [131]

Answer:

Cash flow from investing= -$7,000

It is an outflow.

Explanation:

Cash from investing activity is defined as the cash in flow or outflow from purchase of long term assets such as property, equipment, investment in securities, sale of securities, and purchase of plant. It is the second section of the cash flow statement

Negative cash flow from investing activity might indicate heavy investment on long term growth of the company. For example investment in research and development.

Sale of fixed asset is positive cash flow of $3,000

Purchase of common shares of Zillow co. is a negative cash flow of $10,000

Cash flow from investing= 3,000- 10,000

Cash flow from investing= -$7,000

3 0
3 years ago
Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of $5 par value common stock
PolarNik [594]

Answer and Explanation:

The computation is shown below:

1 Total in Common Stock account is

= 20000 shares × $ 7 par

= $140,000

2 Ending balance in retained Earnings is

= Net income - dividends

= $100,000 - $50,000

= $50,000

3 Additional Paid in Capitalis

= (20000 shares ×  $1) + (300 preferred shares × $10)

= $23,000

4 Total Preferred Stock account is

= 300 shares × $ 5

= $1,500

5 Total Stockholder's Equity is

= $140,000 + $50,000 + $23,000 + $1,500

= $214,500

7 0
3 years ago
Which of the following statements is CORRECT?a. Since companies can deduct dividends paid but not interest paid, our tax system
Alona [7]

Answer:

c

Explanation:

6 0
4 years ago
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