Answer:
affect both income statement and balance sheet accounts
Explanation:
Adjusting entry is commonly said to affects one income statement account which is the revenue or expense account. It also affect one balance sheet account which can be an asset or liability account. It usually result in a better revenues and expenses matching for the period.
They are refered to as the entry usually made at the end of at the end of the period to a given or assigned revenues to the period in which they were earned and expense to the period of being incurred.
Adjustments had five major categories which are accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation. It is widely known that for every adjusting entry, it must affects at least one income statement account and one balance sheet account.
Answer:
Professional approaches
<h3>
Explanation:</h3>
1)of, relating to, suitable for, or engaged in as a profession.
2 engaging in an activity for gain or as a means of livelihood.
3 extremely competent in a job, etc.
4 undertaken or performed for gain or by people who are paid.
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Answer:
The correct option is B.
Explanation: A corporate form of business organization is an organization which has an existence that is independent of its owners, meaning that the organization exists separately from its owner(s).
In other words, Corporations are business organizations that have powers and liabilities which are separate and distinct from those of its owners.
Corporate organizations are by far, the easiest to forms of incorporated structures to transfer, whether this is part or the whole company. What this means that a major attribute of a corporate organization is that ownership rights in the corporation can be easily transferred from one person to another, and this can be either a part of the organization, or the whole organization.
Human risks are anything a person could do to make you lose money or do poorly like cancelling appointments last minute and leaving negative online reviews.
Natural risks are forces of nature that could cause problems such as if a storm floods the doggy day care.
Economic risks are changes in the economy, so if there is a recession more people will stop wanting to pay for doggy daycare to save their money.
When earnings are expected to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low.
<h3>What happens when future earnings are expected to be high?</h3>
If earnings are expected to be high as in the case of the Galt Corporation, then the price of the stock will rise.
This will then lead to a high P/E ratio because the price will rise but the earnings will remain the same.
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