1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks04 [339]
2 years ago
8

Can financial statements be prepared directly from the adjusted trial balance?​

Business
1 answer:
Anit [1.1K]2 years ago
3 0

Answer:

yes, adjusting entries have been recorded in the general journal and posted to the ledger accounts

You might be interested in
Listed below are accounts that appear in financial statements.
Kobotan [32]

Answer:

Dividends  - <em>Statement of Changes  in Retained Earning</em>

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes  in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue  - <em>Balance Sheet</em>

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - <em>Income Statement</em>

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

7 0
3 years ago
For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta c
adoni [48]

Answer:

14%

Explanation:

required rate of return = risk free rate of return + ( risk premium x beta)

5% + 1.5 x 6% = 14%

3 0
3 years ago
What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet?
kiruha [24]

Answer:

As assets but separately from other receivables.

Explanation:

When a company lends money to its employees, managers or affiliated companies, or sells goods or services to them, it must report those accounts or notes receivables in a separate account than normal transactions carried out with external customers. This happens because the transactions must be verifiable to check if they were legal and followed the proper procedures, and at what price or interest rate were they carried out. E.g. a corporation that lens $10 million to its CEO at 1% interest rate is not doing things properly and that transaction should be reversed and proper interest rates must be charged.  

5 0
3 years ago
An example of global outsourcing is seen when gap, inc uses low-cost caribbean labor to cheaply produce its clothing, and then f
antoniya [11.8K]
<span>This is true- it is an example of global outsourcing. Global outsourcing is when a company sends jobs to locations across the globe, where they can get away with hiring more workers and paying them less than they would have to in America. They take advantage of the lack of labor laws and human rights.</span>
6 0
3 years ago
Startups that find themselves trying to compete for value with large, established firms that have strong negotiating power often
Leokris [45]

Answer:

That statement is true.

Explanation:

Start ups tends to have overwhelmingly lesser capital compared to large/established firms. This means that The Large firms will be able to outperform the start ups in terms of marketing , advertising, and production efficiency.

This will make the start ups' product became less known and more expensive in the market.

Because of this, they tend to focus on the acquisition of intellectual property.

When a start up acquire  the right of intellectual property, larger companies could not legally create a similar product and compete with the start up directly.

This will make the start up able to sell their products without having to worry about being outperformed by the larger companies.

6 0
3 years ago
Other questions:
  • Hollandaise contains mostly
    7·1 answer
  • All things being equal, which will move more easily; a newly polished car or a car that has never been polished
    7·1 answer
  • Interviews usually take place between applicants and representatives of
    14·2 answers
  • Q 3.53: During the month of August, Jackson Products recognizes $15,000 in revenues. Jackson's accounting staff records these re
    6·1 answer
  • P &amp; G Auto Parts sells parts to AAA Car Repair during 2018. P&amp;G offers rebates of 2% on purchases up to $60,000 and 3% o
    9·1 answer
  • Barney decides to quit his job as a corporate accountant, which pays $10 890 a month, and goes into business for himself as a ce
    12·2 answers
  • A cost is $11,000 at 1,000 units, $12,000 at 2,000 units, and $13,000 at 3,000 units. Using the high-low method, how much is the
    7·1 answer
  • Which of these is an example of qualitative data?
    15·1 answer
  • the cyclically adjusted budget deficit in an economy is zero. if this economy goes into recession, then the actual government bu
    9·1 answer
  • which factors should be considered in the process of determining an advertising budget? (choose every correct answer.)
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!