They are know for helping people buy and sell real estate
A balance sheet refers to a statement of assets, liabilities, and owner’s equity on a particular date of the fiscal year of the business enterprise. It also depicts the financial status of a business enterprise in a Stockholders' Equity.
Current liabilities
Account $21,400
Income payable $12600
salaries and commission $1300
Total current liabilities $ 35,300
Long-term liabilities:
Note payable $ 32,800
Total liabilities $68100
Balance sheet: A balance sheet refers to a statement of belongings, liabilities, and proprietor’s equity as on a selected date of the fiscal year of the commercial enterprise corporation. It also depicts the monetary fame of a commercial enterprise corporation in a nutshell.
Trial stability: The trial stability is the arithmetical representation of the debit and credit amounts in a double-access accounting machine. The trial stability is ready with a purpose to make sure the arithmetical accuracy of the accounting information.
Earnings declaration: this is the economic announcement of a employer that reviews all of the sales which might be earned and fees which can be to be expended with the aid of the agency on the immediately accounting year. earnings assertion is also acknowledged income and loss declaration.
property Liabilities +Stockholders fairness
income: it is the amount of the value of products offered which is paid by using the clients. it could be calculated via adding the value of products bought to the gross income.
Gross income: it's miles the amount above the cost of products sold. it could also be determined by way of adding net running income to the promoting and management expenses.
internet profits: net profits is the profits after deducting all of the expenses from the gross earnings. it's also termed as internet income or internet earnings.
Learn more about Stockholders' Equity here:-brainly.com/question/14032844
#SPJ4
Asset: 120,000
Year 1: estimated useful life of 10 years. residual value of 10,000
120,000 - 10,000 = 110,000 / 10 years = 11,000 annual depreciation.
Start of year 3.
estimated useful life of 4 years. residual value of 2,000
120,000 - 2,000 = 118,000 / 4 = 29,500 annual depreciation.
29,500 x 2 = 59,000
11,000 x 2 = 22,000
59,000 - 22,000 = 37,000
59,000 + 37,000 = 96,000 / 2 = 48,000 annual depreciation for year 3 and year 4.
Beginning Balance: 120,000
Less: Depreciation:
Year 1 11,000
Year 2 11,000
Year 3 48,000
Year 4 48,000 <u> (118,000)</u>
Residual Value 2,000
Answer:
B) Objectives 2 and 3
Explanation:
Accounting controls are procedures that help a company ensure the validity and accuracy of its financial statements.
Therefore, one of the main priorities of accounting controls would be to make sure that accounting records are correct. By ensuring the validity of accounting records, the company's assets are safeguarded, since the possibility of something missing or being incorrectly recorded diminishes.
The number of states in the ion corresponding to the principle quantum number n = 5 is 18 25 50 9 11.
The principal quantum number n describes the energy of an electron and its most probable distance from the nucleus. In other words, it refers to the size and energy level of the orbital in which the electron is placed. The number of subshells or l describes the shape of the orbitals.
The principal quantum number (n) describes the orbital size. For example, the n=2 orbital is larger than the n=1 orbital and has the opposite charge, so electrons are attracted to the nucleus.
The principal quantum number tells us the principal electron shells an electron occupies. For example, helium (He) has an electron configuration of 1s^2 and a principal quantum number of '1'. That is, his two electrons in helium occupy the first main electron shell.
Learn more about quantum here brainly.com/question/5927165
#SPJ4