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valentina_108 [34]
3 years ago
14

If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transp

osed number.True / False.
Business
1 answer:
saw5 [17]3 years ago
7 0

Answer:Yes

True

Explanation:

A transposition error is a data entry error that is caused by inadvertently switching two adjacent numbers. ... For example, the number 63 is entered as 36, which is a difference of 27. The number 27 is evenly divisible by 9. This can surely cause discrepancies in the trial balance

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On July 1, 1992, York Co. purchased as a held-to-maturity investment $1,000,000 of Park, Inc.'s 8% bonds for $946,000, including
professor190 [17]

Answer:

Park Bonds          1,000,000

Discount on bonds (79,400)

Interest receivable   80,000

Carrying value      1,000,600

Explanation:

Investment on Park Bonds 1,000,000

interest receivable                   40,000

                      cash                           946,000

              discount on Park bonds     94,000

Carring value at December 31th 1992

946,000 x 10% = 94,600 interest revenue

Cash proceeds  1,000,000 x 0.08 = 80,000 interest receivable

Discount on Bonds                             14,600

94,000 - 14,600 = 79,400

94,600    interest revenue

(40,000)  accrued interest

54,600    gains for the period

Park Bonds          1,000,000

Discount on bonds (79,400)

Interest receivable   80,000

Carrying value      1,000,600

5 0
4 years ago
If money is paid when a change of ownership in a life insurance policy takes place, this is generally known as a ____________.a.
valina [46]

Answer:

The correct answer is A

Explanation:

Transfer of value is the term which is defined or described as the rule that stipulate when any interest in the policy or the life insurance policy is transferred for something of value such as property and money. A portion of the death advantage is subject to be taxed on the ordinary income.

So, when the money or amount of money is paid if the change of ownership in the life insurance policy happen or occur, then it is usually known as the transfer of the value.

6 0
3 years ago
Wats a different way to say "measure the area and cut flooring material to fit"
agasfer [191]

i think squaring away

8 0
3 years ago
The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Corporation are as follows:
lilavasa [31]

Answer: N&B Equipment Company:

Current ratio = 1.33

Quick ratio = 0.746

Jing Foodstuffs Corporation:

Current ratio = 1.65

Quick ratio = 0.928

Explanation:

For N&B Equipment Company:

Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}

Current\ Ratio=\frac{900}{675}

                             = 1.33

Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}

Quick ratio=\frac{900 - 396}{675}

                        = 0.746

For Jing Foodstuffs Corporation:

Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}

Current\ Ratio=\frac{1,400}{844}

                             = 1.65

Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}

Quick ratio=\frac{1,400 - 616}{844}

                        = 0.928

8 0
3 years ago
In economics, the cost of something is a. always measured in units of time given up to get it. b. the dollar amount of obtaining
Paha777 [63]

Answer:

The correct answer is C

Explanation:

Economies is the study of how the society uses the resources which are limited and it deals with the consumption, production as well as distribution of the goods and services.

And under the economics the cost of something like or product is defined as what the person give up in order to get something.

For example, a person wants to purchase to product, he needs to give up the money against it in order to have the product or item with him.

4 0
3 years ago
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