Answer:
d. shareholder voting rights
Explanation:
Cumulative is characteristic of preferred stock, in that dividend not paid in a year is carried forward and to be paid in the future.
When the preferred stock is non-cumulative, the dividend not paid in a year is forfeited.
Preferred stock or debenture can be convertible into a known number of common stock in the future.
The characteristic of common stock is that it entitles its holders to vote on certain major decisions.
Answer:
Optimization
Explanation:
Since we were told that the brand manager has limited budget of $25,000 which makes the manager to decide that television adverts is much more effective than radio adverts making him to allocates, at least 70% of the time to television, based on this I wiill run OPTIMIZATION test reason been that optimization will help and enable me to make the best or most effective use of available resource which will in turn Reduce costs while improving the performance which is why the brand manager decide to allocate 70% to Television in order to make the business more efficient as well as cost effective.
Answer:
$4,330
Explanation:
the amount that needs to be depreciated = purchase price - residual value = $193,000 - $19,800 = $173,200
depreciation per year using straight line method = $173,200 / 10 = $17,320
depreciation per month = $17,320 / 12 = $1,443.33 per month
we must record 3 months of depreciation expense = 3 months x $1,443.33 per month = $4,330
December 31, 2021
Dr Depreciation expense 4,330
Cr Accumulated depreciation - machinery 4,330
<span>Which pair of accounts follows the rules of debits and credits in relation to increases and decreases in the opposite manner? Salaries Expenses and Unearned Revenue. The Salaries Expense report shows the salaries that employees have been paid during a set period that is listed on the income statement. The Unearned Revenue account shows the amount of money a company has earned in advanced for providing goods or services. Employees can also be paid in advance but then owe the good or service to the company or provider. </span>
Answer:
The Correct Statements regarding an adjusted trial balance and its use in preparing financial statements are:
1. The adjusted trial balance includes all accounts and balances appearing in financial statements.
3. Financial statements are easier to prepare using the adjusted trial balance than the general ledger.
5. The ending Retained Earnings account balance on the balance sheet is transferred from the statement of retained earnings.
6. The income statement is the first financial statement prepared after preparing the adjusted trial balance.
Explanation:
a) The above answers leave the following incorrect statements about the adjusted trial balance:
2. The ending Retained Earnings account balance on the balance sheet is taken directly from the adjusted trial balance.
4. The balance sheet is the first financial statement prepared.
b) In conclusion, the adjusted trial balance, which lists the general ledger account balances, is compiled after considering period-end adjustment entries, in line with the accrual concept and the matching principles of generally accepted accounting principles.
