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tiny-mole [99]
3 years ago
12

The accounts that appear on the post-closing trial balance are

Business
1 answer:
marishachu [46]3 years ago
8 0
The answer to this would be a
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Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
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Answer:

The correct answer is option (a).

Explanation:

According to the scenario, computation of the given data are as follows:

Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.

Here, both accounts are or balance sheet items.

So, it will not affect any expenses account.

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An example of a free rider is a. someone who benefits from clean air without paying for it. b. someone who adds value to a netwo
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is a person who benefits from something without expending effort or paying for it.

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3 years ago
Irene invested $27,000 in a twelve-year CD bearing 8.0% interest, but needed to withdraw $6,000 after three years. If the CD’s p
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$5,040 since Irene earned nearly earned about $4,800 less than what she would be making if she did not make her early withdrawal.

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On April 1, 2018, Owl Co. sold $2,000,000, 5% bonds at par, convertible to 18,000 common stock, but not converted in 2018. In 20
murzikaleks [220]

Answer:$4.44

Explanation:

Net income after tax is $600,00 less 20% =$480,000

Total shares for diluted eps 90,000+18,000= 108,000

Diluted eps= 480,000/108,000

= $4.44

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The overwhelming majority of existing businesses are
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The answer is C. sole proprietorships.

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