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laiz [17]
3 years ago
5

True or False. A post-closing trial balance is a list of all accounts and their balances after we have updated account balances

for adjusting entries.
Business
1 answer:
kotegsom [21]3 years ago
7 0

Answer:

True

Explanation:

There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to balance the total debit and credit columns. The debit columns reflect assets and expenses side while sales, stockholder equity, and the liability side are listed in the credit column.

After passing the adjusting entries, the account balances are updated which we called a post-closing trial balance

So, the given statement is true

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What method may a broker use to determine how an independent contractor is to perform the assigned tasks?
Delicious77 [7]

Answer:

The correct option is D

Explanation:

Employee guidebook or handbook is a document provided for employees that guide how an employee works, and explains how a firm operates to an employee. It has nothing to do with a broker and an independent contractor.

A procedure manual simply help a broker to reduce problems and liability that might cost an organization greatly and hence it has nothing to do with independent contractors and assigned tasks.

5 0
3 years ago
___________ replace the typical magnetic strip on a credit or debit card with a microprocessor. smart cards
11Alexandr11 [23.1K]

Smart cards replace the typical magnetic strip on a credit or debit card with a microprocessor.

Smart cards are an EFT tool combining all of a persons information for approval of use of the card without signing for each purchase. This type of card has a chip to stick into the machine instead of using the strip to slide and then sign for the purchase.

8 0
3 years ago
Miguel, Inc. reported net income of $2.5 million in 2022. Depreciation for the year was $160,000, accounts receivable decreased
Valentin [98]

Answer:

$2,730,000

Explanation:

The opening cash balance is netted off the cash flows from all activities namely; Operating, investing and financing activities to get the closing cash balance.

The operating activities includes elements such as net income, depreciation and amortization, changes in working capital etc.

Given;

Net income = $2,500,000

Depreciation = $160,000

accounts receivable decrease = $350,000 (inflow of cash)

accounts payable decrease =  $280,000 (outflow of cash)

net cash provided by operating activities using the indirect approach

= $2,500,000 + $160,000 + $350,000 - $280,000

= $2,730,000

4 0
3 years ago
Why should you include your GPA on your resume?
Degger [83]

If you're applying for college, yes it is suggested to but your GPA but if its for a job no it's not really necessarily, but your your 18+ I would suggest you too if your under 18 Nope.

Hope this helped :)

4 0
3 years ago
Read 2 more answers
Today, if John’s computer stops operating correctly, he probably calls a computer repair technician to fix it. The computer repa
kotykmax [81]

Answer:

Organic Solidarity

Explanation:

Based on the information provided within the question it can be said that this is an example of a term known as Organic Solidarity. This term explains the union in society from individuals depending on one another in advanced societies, where this interdependence usually occurs from the specialization of work between individuals. Such as John needing to depend on a computer repair technician to fix his computer.

7 0
4 years ago
Read 2 more answers
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