The three activities that are part of the function of accounting from the list of given options are:
- 2. classifying financial transactions
- 4. interpreting financial transactions
- 5. recording financial transactions
<h3>What is Accounting?</h3>
This refers to the term that is used to describe the process of recording financial transactions and also classifying them into proper categories for record purposes.
Hence, it can be seen that from the list of answer choices, when it comes to the area of accounting, three core functions from the list are given above and one of them is classifying financial transactions
Read more about accounting here:
brainly.com/question/1033546
#SPJ1
Answer:
In simple words, supervisory jobs refers to those jobs in which an individual has to monitor the performance of other individuals working under his or her direction and guidance.
The opinion of the president, therefore, is not bad as an employee with relevant experience gets a certain respect and have adequate level of knowledge for teaching others.
Answer:
Option D. $10,000 is the correct answer.
Explanation:
Journal Entry for pension expenses:
Pension Expense $10,000
Cash $10,000
(To record pension expenses)
Pension expenses for the year ended is comprised of the following components of pension cost.
Service Cost $14,000
Interest cost $6,000
Expected return on plan assets $10,000
__________
Pension expenses $10,000
Answer:
D. Cannot be determined given the information provided.
Explanation:
The accounting equation deals with the 3 elements of the balance sheet namely; assets, liabilities and equity and the relationship between them as shown below.
Assets = Liabilities + Equity
Given;
Total asset = $288,000
Equity = Retained earnings + common stock
= 40,000 + 100,000
= $140,000
Liabilities = $288,000 - $140,000
= $148,000
Liabilities include; Notes Payable 88,000, Salaries Payable ? Accounts Payable ?
Since the Salaries Payable and Accounts Payable are not known, the right option is D. Cannot be determined given the information provided.