The answer is:<span>
"Trial Balance"
The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount
of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account
book along with the mention of any difference showing a mistake.</span>
Answer:
The two methods of translating financial statements are the current rate method/closing rate method and the temporal method
Explanation:
Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it
Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method
please find attached from Advanced Accounting
Hoyle, J., Schaefer, T., & Doupnik, T. (2015)
Answer:
Explanation:
A bear market, refers to a stock market in which the stock and index prices are generally expected to fall, have been or are falling. In contrast, a bull market refers to a stock market where share or index prices are expected to rise, have been or are rising. These terms are figuratively derived from the two animals’ fighting tactics. A bull will charge forward and horns up thus a rise, while a bear will thrust its paws downwards, thus a decline.
Answer:
0.339 < p < 0.461
Explanation:
Given data:
confidence interval is 92%
Randomly selected adults = 329
Total number of adults is 763
for alpha = 0.04
z value is = 1.75
0.339 < p < 0.461
Answer:
Fixed-charge coverage ratio
Explanation:
The fixed-charge coverage ratio can be regarded as a rato that gives the measurements of the ability of a firm have to cover all her fixed charges. These fixed charges could be expense as well as debt payments and interest. It displays the wellness that earnings of a company has to cover its fixed expenses. This ratio is considered by bank before they lend money to a business. It should be noted that Fixed-charge coverage ratio measures the number of dollars of operating cash available to meet each dollar of interest and other fixed charges that the firm owes.
