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4 years ago

Which accurately explains the difference between the stock market and the currency exchange market?

2 answers:

5 0

I would say that the stock market deals with selling and buying shares according to the confidence of the shareholders in say the price of metals and the quality of the companies' assets, whereas for currency exchange, it is based on the exchange rates between currencies and converting one to the other.

Marizza181 [45]4 years ago

3 0

Answer: ownership in companies is traded in the stock market while ownership of foreign money is traded in the currency exchange market [apex gang].

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The two most common receivables are receivables and receivables.

Kobotan [32]

Accounts receivable and notes receivable

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2 years ago

Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. pair

Oksana_A [137]

I have attached the list that contains the terms and phrases associated with basic assumptions, broad accounting principles, and constraints. I also answered it beforehand.

I hope it's the correct list and it will be of great help to you.

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4 years ago

The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex

kati45 [8]

Answer:

Bad debt expense A/c Dr $7,480

To Allowance for doubtful A/c $7,480

Explanation:

According to the scenario, the given data are as follows:

Accounts receivable = $438,000 debit

Allowance for doubtful Accounts = $1,280 credit

Net sales = $2,130,000 credit

Uncollectible percentage = 2%

So, Uncollectible amount = $438,000 × 2% = $8,760

As Allowance for doubtful accounts is in credit, so, it get subtracted.

So, Bad debt expense = $8,760 - $1,280 = $7,480

So, The adjusting entry are as follows:

Bad debt expense A/c Dr $7,480

To Allowance for doubtful A/c $7,480

(Being the bad debt expense is recorded)

6 0

4 years ago

A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj

valkas [14]

Answer:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

The company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. At the end of a period, if required adjusting entry, the adjusting entry:

Debit Interest expense and Credit Interest Payable

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3 years ago

The fight to give hispanic farm laborers better working conditions and wages was conducted primarily in

LiRa [457]

The answer is California

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4 years ago