Answer:
When prepaid insurance (or any other prepaid expense) is adjusted at year end in order to record accrued expenses, financial statements are affected in the following way:
- income statement: costs increase, decreasing profits
- balance sheet: assets and equity decrease
- cash flow statement: cash from operating activities increases
- owners' equity: decreases
some people say its true others say its false
I would say its false
hope this helps :)
Answer:
Nonprofits
Explanation:
Nonprofit business are businesses that have been granted exemption from paying tax by the federal inland revenue. They are formed for the purpose of mutual benefits and not for pursuing owners profits.
Answer:
Endign inventory cost= $3,708
Explanation:
Giving the following information:
Purchases 378 units at $20
Purchases 54 units at $22
<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units incorporated into inventory:</u>
Ending inventory in units= 180
Endign inventory cost= 54*22 + 126*20
Endign inventory cost= $3,708
From an information technology perspective, data warehouse includes the infrastructure for warehousing, integrating, reporting, and analyzing data from the business environment.
<h3>What is a data warehouse?</h3>
A data warehouse refers to the type of data management system that is designed and used to enable and support the business intelligence and business environment activities,
Generally, data warehouse is also known as enterprise data warehouse, which is a system and process of collecting and managing the data from different sources in order to provide meaningful business insights.
Basically, data warehouse includes the framework for analyzing, reporting, warehousing etc.
Learn more about data warehouse here:-
brainly.com/question/14615286
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