1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LuckyWell [14K]
3 years ago
15

A reversing entry is ________. Group of answer choices a journal entry used to close the temporary accounts after preparation of

financial statements a special journal entry used to make the adjustments that took place after preparing the trial balance a special journal entry that eases the burden of accounting for transactions in the next period a journal entry prepared at the end of an accounting period to match assets with liabilities
Business
1 answer:
quester [9]3 years ago
3 0

Answer:

The correct answer is the third option: a special journal entry that eases the burden of accounting for transactions in the next period.

Explanation:

To begin with, a <em>reversing entry </em>is the name given to a special journal entry in the accounting areas that focus on the action of reversing selected entries made in the inmediately preceding period in order to correct common human mistakes. Therefore that this type of entry has the intention of easing the burden of accounting for transactions in the next period by just noticing that is being used in the journal.  

You might be interested in
Which of the following factors is unique to B2B buying and is not typically found in B2C buying?
Arisa [49]

Answer:

There are limited number of large buyers, often geographically

Explanation:

3 0
3 years ago
Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter
snow_lady [41]
I just needed some points to figure things out i don’t do anything else
7 0
3 years ago
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan
asambeis [7]

Answer:

EPS of Plan I = $3.19

EPS of Plan II = $2.82

Explanation:

Under Plan I:

Plan I's Earning per share (EPS) = EBIT ÷ Number of shares = $575,000 ÷ 180,000 = $3.19

Under Plan II:

Interest = $2,600,000 × 8% = $208,000

Earning after Interest = EBIT - Interest = $575,000 - $208,000 = $367,000

Plan II's EPS = $367,000 ÷ 130,000 = $2.82

5 0
3 years ago
g When a court awards custody of a child to one parent and not the other, this is an example of: Group of answer choices all of
Simora [160]

Answer:

equitable relief

Explanation:

A court refers to an enclosed space such as a hall or chamber where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings.

A lawyer refers to an individual who has obtained a law degree and is saddled with the responsibility of giving legal advice, initiate and execute lawsuits for his or her clients. These legal practitioners are saddled with the legal responsibility of listening to evidence and give a verdict about legal cases.

An equitable relief also referred to as equitable remedy can be defined as judicial remedies granted to an aggrieved person by a court of equity, requiring that the other party act or refrain from indulging in a specific act because ordinary legal remedies couldn't provide the aggrieved party sufficient (adequate) restitution for an offense commited against him or her. Thus, an equitable relief (remedy) is an injunction granted by a court of equity requiring a party to a contract to either act (mandamus or specific performance) or refrain from indulging in a particular act.

In this context, when a court of competent jurisdiction awards or grants custody of a child to one parent rather than awarding it to the other, this is an example of equitable relief.

In conclusion, an equitable relief or remedy is typically a nonmonetary judgement granted by a court of equity when ordinary legal remedies fail to provide sufficient (adequate) restitution to an aggrieved party.

4 0
3 years ago
Using the 4 Cs, we consider a variety of costs associated with the purchase of a product. Cost in the Four Cs model is similar t
Dimas [21]

Answer:

marketing

Explanation:

Marketing may be defined as the business or the action of promoting as well as selling products or the services, which includes a market research and the advertising. It is the activity, the organization undertakes to foster promote by buying or by selling a product or a service in the market.

The 4Cs that is used in the concept of marketing is Convenience, Communication, Consumer solution, Cost. They are quite similar to the 4P model of marketing i.e. Place, Promotion, Product, Price. These models are used in marketing to enhance the 'marketing mix'.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Rowland &amp; Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in Fe
    8·1 answer
  • The average noise level in a diner is 30 decibels with a standard deviation of 6 decibels. ninety-nine percent of the time, the
    13·1 answer
  • Select the correct answer.
    15·1 answer
  • Mr. Smith is a 50 year old client of Bob, who is a registered representative. Bob is trying to get Mr. Smith to purchase a non-q
    6·2 answers
  • The following information is for S&amp;P Enterprises for the month of September: Direct materials $82,000 Direct labor $51,000 V
    6·1 answer
  • In the year prior to going public, a firm has revenues of $20 million and net income after taxes of $2 million. The firm has no
    10·1 answer
  • As an investor studying the gold standard, Kyle knows that he would need 44 euros to purchase one ounce of gold. These 44 euros
    6·1 answer
  • What do you think about the value of trend watching for supporting marketing decision-making? Would it be relevant in your busin
    7·1 answer
  • What do you think of the business meeting being held at the opening of the film? How foes it differ from business meetings in am
    6·1 answer
  • How do banks make profits?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!