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yawa3891 [41]
3 years ago
7

What is the Accounting cycle?

Business
2 answers:
IceJOKER [234]3 years ago
6 0

Answer:

Accounting cycle is a collective process of identifying, analyzing and recording the accountant of the company.

Arte-miy333 [17]3 years ago
3 0

Answer:

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Explanation:

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Which of the following actions by a corporation would enjoy full First Amendment protection (i.e., could not be regulated)? a. a
kobusy [5.1K]

<u>Answer:</u>

<em>C. A media campaign by a tobacco company against a cigarette tax increase </em>

<em></em>

<u>Explanation:</u>

The Amendment to the American Constitution keeps the legislature from making laws which regard a foundation of religion, preclude the free duty of religion, or compressing the ability to speak freely, the opportunity of the press, the privilege to quietly amass, or the right to request  

A careful reading of the Amendment uncovers that it secures a few fundamental freedoms and opportunity of religion, discourse, press, request, and get together. Therefore getting to understand the correction might be a long process.

4 0
3 years ago
Todd Enterprises is preparing a cash budget for the second quarter of the coming year. The following data have been forecasted:
Fudgin [204]

Answer:

The answer is attached for ready reference

Explanation:

Please note no effect for depreciation is taken as it is non cash item.

The may ending balance is having a surplus of $103,300              

Download xlsx
8 0
4 years ago
Borasco Corp. owns land with a fair market value of $200,000. Borasco purchased the land 10 years ago for $65,000 and owes a lia
sleet_krkn [62]

Answer:

$65,000

Explanation:

Borasco was the person who purchased the land for $65,000 in which the land was later transferred to Alvo. Therefore no gain or loss is been recognized in this liquidation because it subsidiary is been liquidated by the parent which is why the basis of land is said to be carryover basis of $65,000 at the end of the transaction.

5 0
3 years ago
David wants to open a new gymnasium with state-of-the-art equipment and qualified trainers. However, he can only afford either o
Nesterboy [21]

Answer:

Too little money                          

Explanation:

In the given case, David wanted to have all required resources and he also had complete knowledge of it. However he could not get them properly due to his budget constraints which lead to shut down of his business.

This case clearly depicts the problem of too little money as the risk of failure was not mentioned as such. Also the business David was willing to open was not relate to any chemical or defense industry so there was not much regulatory burden.

8 0
3 years ago
Bruno and Diana are trying to calculate their gross income. Which of the following items should they exclude from their gross in
arsen [322]

Answer: $15,000 gift from Diana’s mother for the down payment of their new house

Explanation: under the US code 102- Gifts and other inheritances. Gross income does not include the value of property acquired by gift. Money given as gifts to purchase a property are not taxable.

4 0
3 years ago
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