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3 years ago

which of the following terms refers to the comprehensive system for collecting analyzing and communication financial information

Business

1 answer:

givi [52]3 years ago

6 0

Answer:

Accounting

Explanation:

Accounting is a vital part of every business, and it is related to proper collecting, analyzing, managing and communicating financial information. Being such an essential part of businesses, it is always defined and regulated by appropriate entities (state agencies and other regulators).

Accounting is done by an accountant or a bookkeeper, who is the person in charge of generating the needed reports and summarizing the financial data in the proposed manner.

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Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo

tamaranim1 [39]

Answer:

Silver Enterprises Post Merger Balance Sheet

Current Assets 12,920 Current liabilities 10,460

Other Asset 4,480 Long-term debt 19,770

Net Fixed Asset 24,810 Equity 17,450

Goodwill 5,470

$47,880 $47,680

Explanation:

Current assets = 10,000 + 2,920 = 12,920

Other assets = 3,100 + 1,380 = 4,480

Current liabilities = 7,840 + 2,620 = 10,460

Net fixed assets = 17,300 + 7,510= 24,810

Long-term debt = 5,110 + 14,660 = 19,770

Equity = $17,450

8 0

3 years ago

Prompt

Law Incorporation [45]

Answer:

Could you please be specific with your question?

Explanation:

8 0

3 years ago

A solid yellow line on your side of a broken yellow center line means

Artyom0805 [142]

You can't switch lanes, must stay in your lane. Cars coming from the opposite side

3 0

2 years ago

Read 2 more answers

Camille is having second thoughts about obtaining a college degree. She will have to take out tens of thousands of dollars in lo

Darina [25.2K]

Answer:

More opportunities will be available, financially and otherwise, with a college degree than without one.

Explanation:

From the passage, it stated that:

1. There is a faulty economy. This implies that economy is having a problem or the economy is in recession with little or no opportunities in terms of jobs and payments.

2. Hundreds of other college graduates earning the same degree. This implies that there many people with the same degree qualification competing for the limited job available in the faulty economy.

Based on the two statements above, it false to say that more opportunities will be available, financially and otherwise, with a college degree than without one.

5 0

2 years ago

Read 2 more answers

Uptown, Inc. has determined that an account receivable of $125 is uncollectible. The company uses the direct write-off method. W

GuDViN [60]

Answer:

C. Bad Debts Expense 125 125

Accounts Receivable

Explanation:

When there is straight waive off of accounts receivable, then it reduces the balance of accounts receivables and along with that the expense in the form of bad debts will be recorded in the income statement.

This provides for an expense to be debited and an accounts receivables would decrease because it is an asset, now no more realizable.

Also the expense will be debited as the general rule of accounting states that all expenses and losses are debited.

7 0

2 years ago