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Scrat [10]
4 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]4 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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tigry1 [53]

Answer:

about 1,822.41 today

Explanation:

an increase of 862.41 over 28 years

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3 years ago
Share your idea for an entrepreneurial business venture.
devlian [24]

Answer:

Entrepreneurial Ventures. ... Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.

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3 years ago
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An eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain s
Aliun [14]

An eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain situations for military service: TRUE

<h3>What is unpaid leave?</h3>
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  • Employees in the United States are permitted to take unpaid absences for the following reasons: self-care involves a significant health condition.
  • There's a family emergency.
  • Parental leave for childbirth or adoption.
<h3>Purpose of  Family and Medical Leave Act:</h3>
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Therefore, the statement "an eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain situations for military service" is true.

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4 0
2 years ago
Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He
saw5 [17]

Answer:

How much of the loss can Carlos deduct if the loan from the bank is non-recourse?<u> No deduction because he is not personally liable for debt or loan used in the trade that holds real property.</u>

How much does Carlos have at risk at the end of the first year? <u>$30000</u>

7 0
3 years ago
The following amounts were taken from a company's balance sheet:
liberstina [14]

Answer:

Option a (5000) is the appropriate answer.

Explanation:

Given values are:

Current assets,

= $10,000

Current liabilities,

= $5,000

Now,

The working capital will be:

= Current \ assets-Current \ liabilities

By substituting the values, we get

= 10000-5000

= 5000

7 0
3 years ago
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