Answer: The debit column of the trial balance was overstated.
Explanation: from the question, the asset purchased with a value of $18,950 was overstated in the asset asset account.
On the purchase of the asset, the asset account is to be debited and accounts payable account is to be credited and not debited. So the debit side of the trial balance was overstated by $18,950 * 2 = $37,900.
Answer: Option A
Explanation: In simple words, baseline can be define as the level of some activity that can be considered as the average or normal performance level and be set as a criteria for future purposes. It is seen as an expected performance that will occur every time activity will be performed.
A baseline is a fixed reference point which is not changed occasionally. A base line works as a core factor in planning process as all the objectives will be set according to the baseline determined.
Hence the correct option is A.
Answer:
the amount that should be show more money for spending is $80
Explanation:
The computation of the amount that should be show more money for spending is as follows;
= Certificate of deposit × reward for saving or postponing consumption percentage
= $1,000 × 8%
= $80
hence, the amount that should be show more money for spending is $80
