The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance
<h3>What is an adjusted trial balance?</h3>
Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.
An adjusted trial balance include:
- Adjustment for prepaid and accrued expenses.
- Depreciation
Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.
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Answer:
$9,000
Explanation:
The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.
The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.
The net cash flows from operating activities using the indirect method
= -5000 - 20,000 + 10,000 + 25,000 - 1,000 (all amounts in $)
= $9,000
This represents a net inflow.
Answer:
True
Explanation:
Critics of globalization claim that, as globalization increases, countries' sovereignty (the freedom of national officials to act locally and without externally imposed restrictions) is diminished because as some of them say 'it is an economic tsunami', in the sense that - people of other countries 'invade' a country in the name of globalization and the locals of that country are expected to curtail their local customs and individual behavior to accommodate the foreigners. Also foreigners take some of the jobs that are available in the country to the 'detriment' of the locals
Secondly, 'the resulting growth consistently benefits the environment', because the gains of migration are not shared commonly among the locals, rather they could be invested in environmental projects to boost Tourism and attract more foreigners.
Thirdly, the statement that 'Some people lose both relatively and absolutely, and greater insecurity increases a personal stress.'is true because in cities like London and most other European capitals we have seen an increase in crime alongside the rise in immigration and globalization
The State Farm's Promise of Customer Satisfaction on recycled sheet metal is for at least as long as the OEM would have warranted its new replacement part. Thus 2nd option is correct.
<h3>What is Customer satisfaction?</h3>
Customer Satisfaction refers to the fulfillment of the needs and the desire of the customer by making the product as per there requirement. It is the measurement of the how much the customer is satisfied with the product.
In the above case, the State Farm provides the services to the customer by selling the metal sheets. They had promised the customer for providing the original equipment manufactured to be replaced with the new till the life span of the metal sheets.
Thus the correct option is 2nd.
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