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sammy [17]
3 years ago
7

Which of the following statements is true of a trial​ balance? A. A trial balance shows the total amounts of assets and​ liabili

ties, but not equity. B. A trial balance is prepared after the balance sheet. C. A trial balance presents data in debit and credit format. D. A trial balance has the same format as a balance sheet.
Business
1 answer:
gogolik [260]3 years ago
6 0

Answer:

C. A trial balance presents data in debit and credit format.

Explanation:

In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.  

The debit columns records assets and expenses side whereas, the credit column record revenue, stockholder equity, and the liability side.  

Therefore, option C is correct and the rest options are wrong.

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\Why is it important to consider scholarships and grants before loans to pay for higher education?
Shalnov [3]

Answer:

Explanation:

Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.

Loans can also be given for education costs but you DO have to pay them back.  So, obviously, you want scholarships and grants before loans.

4 0
2 years ago
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000
rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

<u>To calculate the allocated overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

7 0
3 years ago
Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou
jeka57 [31]
The best saving account that Anthony should take is letter D, daily compounding. Daily compounding could provide him the best rate of return to his interest and this could provide him the interest that he deserves every time he deposits money on his bank account. This could not only be best in returning his interest but it could also provide the interest he deserves.
6 0
3 years ago
How are permit departments helpful in conversion investigation efforts?
Lerok [7]

Answer:

Option B is the correct answer.

Explanation:

Business permits regulate the safety, structure, and appearance of the business community. They act as proof that a business follows specific laws and ordinances. Requirements differ by jurisdiction, and failure to comply often results in fines or even having the business shut down. Therefore, most businesses need a general business license to operate in a particular county or city.

Thus, the permit departments are helpful in conversion investigation efforts by identifying the nature and location of businesses, new leases, and recent constructions.

Option B is the correct answer.

3 0
3 years ago
All of the following are reasons a person might choose to work from home EXCEPT A. a Desire for more flexible hours B. the oppor
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The answer would be B.
8 0
3 years ago
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