Answer:
B. False
Explanation:
When total debits equals to total credits on a trial balance, we can't assured that there are no errors of any sort occurred during the preceding steps in the accounting cycle.
Following Accounting Errors may result in Balanced Trial Balance
Errors of omissions
Errors of commissions
Errors of misposting
Compensating errors
Errors of Principle
Answer:
The correct answer is (B) Income Summary
Explanation:
The income summary is a procedure that allows us to glimpse, globally, all the entries that existed in a period. It provides very valuable generalized information, which lets you know how business, work or some investment is going.
To ensure that our results are accurate, we must close all income and expense accounts, and take stock to obtain our conclusions. If the results have not been favorable, we must make the necessary adjustments so that in the next income summary we can obtain better results.
Answer:
The demand curve will shift to the left thus, decreasing the both, the level of price and the output of the economy.
Explanation:
increase in taxes x tax multiplier = effect of taxes
150 billons x -1.3 = -195 billions
This will make the aggregate demand decrease.
However, if this increase in taxes is backed up with government spending will end up with a positive effect as the governement spending also has a multiplier effect which is greater than tax multiplier by one unit.
you too!
I don't really like valentines day, I'm probably just gonna hang out with my friend and play Minecraft ;-;
Answer:
zero
Explanation:
The sale is made downstream, from the investor company to the investee.
Also, is important to notice Prince hasn't controlling interest, it should has a subtancial participation on Watkinds but the mayority fothe shares are from third parties.
Therefore, there is no unrealized gross profit to defer as the sale was made between different entities.