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olya-2409 [2.1K]
3 years ago
15

The closing process is necessary in order to: Multiple Choice Ensure that all permanent accounts are closed to zero at the end o

f each accounting period. Ensure that management is aware of how well the company is operating. Calculate net income or net loss for an accounting period. Ensure that net income or net loss and dividends for the period are closed into the retained earnings account. Ensure that the company complies with state laws.
Business
1 answer:
sp2606 [1]3 years ago
8 0

Answer:

d. Ensure that net income or net loss and dividends for the period are closed into the retained earnings account.

Explanation:

Temporary accounts are closed at the end of accounting period so that net income, net loss and dividends for the period are closed into retained earnings account.

All the expenses and gains or income of kind accounts must be closed at the end of the year and in order to close them, they are transferred to either Trading Account or profit and loss Account.

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A registered representative wishes to give a speech to a group of 35 potential retail clients at a restaurant. The speech is scr
maksim [4K]

Answer:

Prior principal approval must be obtained and a copy of the speech must be retained in your firm's Office of Supervisory Jurisdiction

Explanation:

Because the speech is to be givento 35 attendees, it is under the Retail Communication. Every speech should be honest and of good taste; and the speech must be informational, but far from promotional.

It is not required that the speech content has to be pre-filed with the SEC. A copy must be kept a period of f 3 years for inspection by FINRA examiners. The speech script would be kept on file in the firm's supervisory compliance office that is the Office of Supervisory Jurisdiction.

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Which of the following factors will cause the​ long-run aggregate supply curve to shift to the​ right?
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3 years ago
Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafe
Mama L [17]

Answer: Assembly Department

Explanation:

Missing part of question is attached below.

Cutting Department

Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:

= 62,000 + 126,750

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Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:

= 248,000 + 42,450

= $290,450

<em>Assembly Department is therefore the department that is allocated the most support department costs under the direct method. </em>

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Section 2: Adapting to Changes
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Answer:

6

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