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SpyIntel [72]
3 years ago
15

Indicate which of the following items would be reported in the balance sheet. A. Net income D. Accumulated depreciation G. Inter

est expense B. Retained earnings E. Wages expense H. Interest payable C. Depreciation expense F. Wages payable I. Sales a. C,
Business
1 answer:
nordsb [41]3 years ago
3 0

Answer:

B. Retained Earnings

D. Accumulated Depreciation

F. Wages Payable

H. Interest Payable

Explanation:

Retained earnings will be reported in the Equity section of the balance sheet.

Accumulated depreciation will be reported in the Fixed assets section of the balance sheet and will be used to calculate Net Book Value.

Wages and Interest payable are both current liabilities to reflect that the company owes wages and interest payments.

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What’s the answer cuh
ivann1987 [24]

Answer:

D

Explanation:

i took the paper test

7 0
3 years ago
When the consumer price index falls, the typical family has to spend fewer dollars to maintain the same standard of living. True
MariettaO [177]

Answer:

True

Explanation:

Consumer price index measures the changes in price level of a basket of goods.

If consumer price index falls if means price level has fallen , goods become cheaper and the same amount of money can buy more quantities of goods and services.

Conversely if consumer price index rises, price level has increased, goods and services become more expensive and more amount of money would be needed to maintain the same level of consumption.

CPI is calculated as cost of basket of goods in a given year / cost of basket of goods in a base year

I hope my answer helps you

7 0
3 years ago
Of the types of U.S. compliance laws, there are a number of laws that are designed to provide confidence in the markets. _______
Gala2k [10]

Answer:

The correct word for the blank space is: Shareholders.

Explanation:

A Shareholder is a person company or other entity that owns at least one share of company stock. Another word for <em>shareholder </em>is <em>stockholder</em>. When a shareholder buys a company stock provide them with funds to run and grow a business. The government is in charge of providing regulations to promote a safe environment in the market to promote investments from stockholders.

5 0
3 years ago
Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc
Agata [3.3K]

Answer:

Gain and loss accounts

Explanation:

Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.

Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

6 0
3 years ago
Wilson has a 40 percent interest in the assets and income of the CC&amp;W Partnership, and the basis in his partnership interest
laila [671]

Answer:

a. $24,000

b. $9,000

Explanation:

a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest

In the given case, the partnership interest is $45,000 and the share of his loss is $24,000

So, $24,000 is reported in his individual income tax return

b. The computation of the Wilson's basis in his partnership interest is shown below:

= Basis in his partnership interest - share of the loss -  cash distribution received from the partnership

= $45,000 - $24,000 - $12,000

= $9,000

3 0
3 years ago
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