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Scrat [10]
3 years ago
15

Prior period adjustments are reported in the: Multiple Choice Multiple-step income statement. Statement of cash flows. Single-st

ep income statement. Statement of retained earnings. Balance sheet.
Business
1 answer:
beks73 [17]3 years ago
3 0

Answer:

Statement of retained earnings.

Explanation:

The prior period adjustment refers to the adjustment in which there is an accounting error in the previous period and i.e to be reported in past year period but now it would be corrected in the financial statement. This adjustment we called prior period adjustment

Moreover, it should be reported in the statement of retained earnings

Hence, the second last option is correct

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Which of the following would be a good indication that an applicant might be
Harrizon [31]

Answer: D. A very friendly and engaging personality during the interview that  just makes the interviewer like the applicant

Explanation:

To be a great sales associate one skill is paramount, interpersonal skills.

The person needs to be able to relate well with others and this is helped by them having a friendly and engaging personality that draws people to them and makes people like the sales person which will make them more trusting of the goods recommended by the sales person.

The person in option D has this and as such has a better chance of being a good sales associate at the retail store.

3 0
3 years ago
The City of Fairfield issued $100 million of 20-year, 6 percent coupon bonds (3 percent per semiannual period) for $89.32 millio
Rudik [331]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
3 0
3 years ago
A family buys a car for $25,000. The family pays $2,500 cash and takes out a loan for the rest at 8% simple interest.
Rom4ik [11]

Answer:

A. $150

Explanation:

Amount of car = $25,000

Initial payment = $2,500

If the family takes out a loan for the rest, the amount taken as loan

= $25,000-$2,500

= $22,500

If interest of 8% is charged on the loan for 5years, the interest charged for the 5years can be gotten using simple interest formula:

Simple interest = principal × rate × time/100

Simple interest = $22,500×8×5/100

Simple interest = $9,000

If total interest paid for 5years = $9,000

The family monthly payment will be:

= $9000/5×12 (since there are 12months in a year)

= $9,000/60

= $150

8 0
3 years ago
Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20
kirill115 [55]

Answer:

Unitary variable cost= $40

Total variable cost= $800,000

Explanation:

Giving the following information:

Direct materials $ 10 per unit

Direct labor $ 20 per unit

Overhead costs for the year Variable overhead $ 10 per unit

Fixed overhead $ 160,000

Units produced 20,000 units

Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40

Total variable cost= 20000units* 40= $800,000

7 0
3 years ago
Read 2 more answers
The money spent on domestically produced final goods and services: Group of answer choices is equal to exports minus imports. is
Ad libitum [116K]

Answer:

Explanation:

The money spent on domestically produced final goods and services: is equal to GDP.

<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>

GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.

3 0
3 years ago
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