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
Dimas [21]
3 years ago
13

Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh

eres to the accrual method of accounting. If a company's bookkeeper does not choose to prepare reversing entries. So that Revenue, expense, and dividends accounts must begin each period with zero balances. In order to satisfy the Internal Revenue Service guidelines.
Business
1 answer:
vodomira [7]3 years ago
8 0

Answer: So that Revenue, expense, and dividends accounts must begin each period with zero balances

Explanation:

You might be interested in
A word processing program would probably be used to:
vladimir1956 [14]
Ddddddddddddddddddddddddddddddddd
5 0
3 years ago
Suppose the current price of a good is $195. At this price, the quantity supplied is 160 units, and the quantity demanded is 200
KonstantinChe [14]

• eqm Q = 175

• eqm P = $ 190

<u>Explanation:</u>

At current price,  Quantity Demanded is less than Quantity supplied

As Qd = 200, Qs = 160

• so market is currently experiencing a deficiency, as Qd > Qs

•so to adjust, market price will incraese,

so that Quantity Demanded decrease & Quantity supplied increases, till Qd = Qs

• eqm Q = 175

• eqm P = $ 190

As if P falls by 1, then P = 194

Qd = 200 minus 5= 195

Qs = 160 plus 3= 163

If P = 193, Qd = 190, Qs = 166

If P = 191, Qd = 180, Qs = 172

P = 190, Qd = 175, Qs = 175

6 0
3 years ago
Before the annual "blue versus red" football game, sara bet on the blue team, who then lost. after the game, she claimed she kne
algol [13]
Before the annual “Blue versus Red” football game, Sara bet on the blue team who later lost. After the game, she claimed she knew the blue team would lose. This illustrates hindsight bias which is also known as knew it all long effector tiptoeing determinism. It is the disposition after an event has occurred, to see the event as having been expectable in spite of there having been little or no objective basis for forecasting it. It is multifaceted phenomenon that can affect can cause exciting methodological problems while trying to analyze, understand and interpret results in investigational studies. In Additional, one example of the hindsight bias is when after viewing the outcome of a potentially unforeseeable event a person believe he or she “knew it all along.”
5 0
3 years ago
nternal control is defined as the procedures and processes used by a company to safeguard its assets. process information accura
sweet-ann [11.9K]

Internal control is defined as the procedures and processes used by a company to safeguard its assets, process information accurately and to ensure compliance with laws and regulations.

<h3>Internal control</h3>

Internal controls also include the measures a company takes to ensure its employees comply with all laws and regulations and do not steal company assets. Physical controls like door locks, area restrictions, safes and surveillance equipment are internal controls, too.

Internal controls are policies, procedures, and technical safeguards that protect an organization's assets by preventing errors and inappropriate actions. Internal controls fall into three broad categories: detective, preventative, and corrective.

To learn more about Internal controls visit the link

brainly.com/question/13678245

#SPJ4

7 0
2 years ago
Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and f
weeeeeb [17]

Answer:

Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.

4 0
3 years ago
Other questions:
  • Culture is an integral part of any organization. Please define culture, how is it created, and give three examples of companies
    6·1 answer
  • How would a computer enhance the productivity of a business
    5·2 answers
  • Carmen is giving a persuasive presentation at her university tomorrow. During the speech design process, Carmen asks herself why
    6·1 answer
  • Allison is the CEO of a large consumer products company. She asks the marketing research department to gather information to hel
    6·1 answer
  • A company with shallow product line depth and broad product line breadth would have which of the following? Select one: a. few p
    13·2 answers
  • a customer holds 1000 shares of abc stock valued at 80 in a margin account. the debit balance in the account is 35000. abc decla
    14·1 answer
  • You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing stat
    13·1 answer
  • "Sorry to put you through that test. We're more like a team of investors than operational partners even Seth and Jia, who starte
    11·1 answer
  • The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:
    8·1 answer
  • Kathleen is considering expanding her dress shop. if interest rates rise she is:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!