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VladimirAG [237]
3 years ago
5

Where do temporary account balances go at the end of an accounting period?

Business
1 answer:
Andreyy893 years ago
8 0

Answer:

Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.

Explanation:

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. There is an 80% probability that Tom will be in good health during the year and incur only $200 in medical expenses, but there
zaharov [31]

Answer:

The  Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160

Explanation:

To compute the amount that Tom have to pay for Health Insurance is;

Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)

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Actuarially Fair Premium = $4,000 + $160

Actuarially Fair Premium  = $4,160

5 0
3 years ago
Which statements describe a Treble Clef correctly? Pick Two
mariarad [96]

Answer: c and a

Explanation:

4 0
3 years ago
If the terms of a contract are _____________a court__________use ___________evidence, which is evidence outside the express term
xeze [42]

Answer:If the terms of a contract are ambiguous a court may use extrinsic

Explanation:

The ambiguity of the terms of the contract will force the court to look beyond the express terms of the contract and further looks into the extrinsic terms to be able to take a position on the contract.

8 0
4 years ago
hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect
umka2103 [35]

Answer:

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Explanation:

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6 0
3 years ago
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Phantasy [73]

Answer:

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7 0
3 years ago
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