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loris [4]
3 years ago
7

Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

s on June 30, its Cash account shows a debit balance of $60,209. Easton's June bank statement shows $58,349 on deposit in the bank. Determine the adjusted cash balance using the following information:
Business
1 answer:
Setler [38]3 years ago
3 0

Answer:

$60,224

Explanation:

Calculation to determine what The adjusted cash balance should be:

Cash account debit balance+Check printing fee, not yet recorded

Let Plug in the formula

Adjusted cash balance=$60,209+$15

Adjusted cash balance=$60,224

Therefore The adjusted cash balance should be:$60,224

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Answer:

The correct option is D,consists of certain gains and losses included in comprehensive income but not yet recognized in the income statement

Explanation:

Other comprehensive income is the extended section of the income statement showing certain gains and losses that cannot be recognized in income statement now as they are unrealized.

For instance gains or losses from property,plant and machinery remeasured  at fair market value is posted to other comprehensive since the relevant assets are still within the business not yet realized by a way of disposal.

Also,the increase or decrease in financial instruments held for long-term is also treated in the same manner for similar reason.

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3 years ago
When venturing into a foreign country for business, which controllable risk will you most likely face?
OLEGan [10]

The answer would be C worker strikes due to cultural differences

4 0
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IRISSAK [1]

Answer: True.

Explanation:

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4 0
3 years ago
A company has a market value of $990 million, with 10 million shares outstanding. It achieved an ROE of 20%. What are earnings-p
bagirrra123 [75]

Answer:

More information is required

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Tell me if you need verbal explanation

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