<span> the next step in the accounting cycle is Temporary
After a company completed all the financial statements, that company is required to clear out all of the accounts so they could be used on next period of accounting.To write the accounts off, they need to create some sort of temporary account so the transaction could be balanced in both credit and debit sides</span>
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Labour unions<span> have played an integral role as a voice for </span>social transformation in South Africa<span>. During apartheid, their objectives were distinctly </span>political<span>. Their formal </span>influence<span> grew with the deregulation of black </span>trade unions<span> in the early 1980s.
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Layoffs are described as the suspension of employees. The above statement is false, that the layoffs only happen to bad employees because this may happen with any employees.
<h3>What are layoffs?</h3>
A layoff is described as the act of an employer temporarily or permanently hanging or changing a worker, excluding an employee's real performance.
A layoff may occur to a determined worker whose occupation has been destructed because an employer has closed its operation or displaced.
Layoffs take place when an employer is compelled to block relations with its employees for justifications that are not subject to their execution.
Companies' failure or the decrease in production levels are common origins of big layoffs. It has zero to do with whether an employee is awful or not.
Therefore, The given statement is false.
Learn more about the layoffs, refer to:
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Answer:
Depreciation Expense for the year 1 is $40,000.
Explanation:
The depreciation expense can be calculated using the double declining balance formula which is as under:
Double declining depreciation expense = Cost / Useful life * 2
By putting the values, we have:
Double declining depreciation expense = $100,000 / 5 years * 2
Double declining depreciation expense = $40,000
The depreciation expense for the first year is $40,000.
Answer:
Business relationship
Explanation:
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