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My name is Ann [436]
3 years ago
8

Has Anna's fasfa been selected for verification? In your own words, describe what the process of verification is.

Business
1 answer:
wariber [46]3 years ago
5 0

Answer: The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct

Explanation:

The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct. When you request the verification, the school would request additional documents to support the information you supplied, this is for clarification and ensuring you are the right person or you own the information.

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Answer:

ending RE 30,000

Explanation:

Using the acounting equation we solve for the beginning RE

<em>Assets = liab + equity</em>

155,000 = 85,600 + 52,400 + Retained Earnings

155,000 - 85,600 - 52,400 = <em>17,000</em>

beginning RE 17,000

net income

revenues 36,000 - 20,000 expenses = 16,000

dividends: 3,000

ending RE: 17,000 + 16,000 - 3,000 = 30,000

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