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zimovet [89]
3 years ago
12

Which of the following phases of the accounting information processing cycle is performed at the end of the accounting period? A

. A. Adjusting entries. B. Peer reviews. C. Liquidation D. Transaction entries
Business
1 answer:
seropon [69]3 years ago
4 0

Answer:

A. Adjusting entries.

Explanation:

There are various steps in the accounting cycle which are as follows:

1.  Business organization transactions analysis.

2. Recording of journal entries

3. Posting to ledger accounts

4. Preparation of trial balance

5. Record adjusting entries

6. Preparation of adjusted trial balance

7. Preparation of financial statements

8. Close the accounts

9.  At last, Do post-closing of trial balance

So, the correct option is A.

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Barton Industries has operating income for the year of $3,700,000 and a 25% tax rate. Its total invested capital is $18,000,000
rusak2 [61]

Answer:

1,875,000 Economic Value Added

Explanation:

Net Operating Profit After Taxes  - Invested Capital x Weighted Average Cost of Capital = Economic Value added

This represent the return on the shareholders after their investment return is paid. It is the value generated from the investent resources.

3,700,000 x ( 1- 0.25 ) = 2,775,000 Operating Income after taxes

18,000,000 x 5% =         (900,000)  Required Return

                                        1,875,000 Economic Value Added

4 0
3 years ago
Consider some determinants of the price elasticity of demand: • The availability of close substitutes• Whether the good is a nec
kondor19780726 [428]

Answer:

Inelastic demand, Amputation procedure

Explanation:

The good with no close substitute is likely to experience inelastic demand because the consumer does not any close substitute to change to, this means that even when price is increased, the consumer is not likely to stop buying if the good is a necessary good.

The Amputation procedure will have least elastic demand because the diabetes sufferer does not have close substitute to change to when price increase while Diamond necklace is a luxury good, when the price is increased the consumer stop buying or switch to other luxury goods such as gold, silver that are equally used for decoration purposes.

8 0
3 years ago
Sheffield Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $145
Stells [14]

Answer: Debit Research and Development expense $477,000

Credit Cash $477,000

Explanation:

The journal entry simply refers to the recording of transactions that a company makes and it should be noted that the total amount that's gotten in the debit column must be equal to the total amount that us gotten in the credit column.

Based on the information given in the question, the journal entry for Sheffield Corporation will be:

Debit Research and Development expense $477,000

Credit Cash $477,000

8 0
2 years ago
Dave's marketing research returned the finding that customers were staying away from his bookstore because of a lack of services
-BARSIC- [3]

Answer: Knowledge gap

Explanation:

 The knowledge gap is one of the concept that helps in explaining the lack of knowledge about the specific concept and by identifying our own abilities, skills and knowledge we can easily identity our main factor of the lack of knowledge.

According to the given question, Dave is basically suffering from the knowledge gap as Dave is unaware about the fact that why people are satisfying away from his store.

 Based on the marketing research method he analyze that due to the lack of various types of services such as no return policies, gift cards offers and also the various types of special discount offers the people shows no interest in his book store.

 Therefore, Knowledge gap is the correct answer.  

6 0
3 years ago
Which of the following statements regarding C corporation is false?
Vedmedyk [2.9K]

These are the choices I found on the internet:

A. C corporations are generally not subject to corporate income tax.

B. C corporations are separate entities for tax purposes.

C. Shareholders of a C corporation have limited liability.

D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.


The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.

7 0
3 years ago
Read 2 more answers
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