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mixas84 [53]
3 years ago
15

When an accountant makes an adjusting entry for accrued expenses, which statement best reflects what the accounts look like befo

re the adjustment? the accountant makes an adjusting entry for accrued expenses, they were adjustments based on reality, not on a source document.
Business
1 answer:
Sholpan [36]3 years ago
4 0
Bank reconciliation statement
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The primary objective of financial reporting is to provide information:___________.
zimovet [89]

Answer:

b. Useful to capital providers.

Explanation:

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

The objective of financial reporting include all of the following to provide information that:

1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.

2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.

3. Is useful to creditors in making decisions about providing resources to business entities.

<em>Hence, the primary objective of financial reporting is to provide information useful to capital providers.</em>

Additionally, financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.

6 0
4 years ago
The United States experienced a deep recession between 2007 and 2009. Which type of unemployment would most likely increase duri
kifflom [539]

Answer:

they will actually experience 2 years of unemployment

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2 years ago
The three industrialized nations that do not provide paid maternity leave by law are Select one: a. Canada, Italy, and Japan. b.
stellarik [79]

Answer:

b. Australia, Swaziland, and the United States.

Explanation:

The three industrialized nations that do not provide paid maternity leave by law are Select one: Australia, Swaziland, and the United States.

The United States has been said to be the stingiest of all developed nations as it leads the way as the richest developed country but still don't guarantee paid maternity leave.

Most others including Canada, mandates paid time off to women after they give birth.

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3 years ago
How does a strong economy affect the demand for goods and services
Brut [27]

Answer:

yes true ik it is i got it wrong when i said false

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Tone in my own personal opinion
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