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2 years ago

Which of the following best describes a trial balance?

Business

1 answer:

Lubov Fominskaja [6]2 years ago

8 0

Answer:

Explanation:

In the accounting process extracting a trial balance is the final step.

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It is only necessary to underline vocabulary words identified in a test question. Please select the best answer from the choices

Rashid [163]

Answer:

The answer you are looking for is false

Explanation:

Got it right edge 2021

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3 years ago

Read 2 more answers

Suppose your firm receives a $ 3.2 million order on the last day of the year. You fill the order with $ 1.7 million worth of inv

klio [65]

Answer and Explanation:

The consequences of given transactions are as follows

a. Revenues rise by $3.2 million as the firm received an order

b. Earnings rise by $1.5 million as the firm received an order and it filled by an orders i,e ($3.2 - $1.7)

c. Receivables rise by $1.80 million as it determines the remaining balance which ultimately increased the receivable balance

d. Inventory declined by $1.7 million as the order is filled which ultimately declines the stock

e. The cash would rise by $1.4 million

= Earnings - receivable + inventory

= $1.5 million - $1.80 million + $1.7 million

= $1.4 million

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3 years ago

Data concerning Dorazio Corporation's single product appear below:

Reika [66]

Answer:

30600 less 25 000 = 5600

increase in net income

Explanation

1400 units 1000 units

sales 224 000 160 000

(1400*160) (1000*160)

variable costs (106 400) (48 000)

(1400*76) (1000*48)

contribution margin 117 600 112 000

fixed costs (87 000) (87 000)

net operating income 30 600 25000

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3 years ago

On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year

Ratling [72]

Answer:

net capitalized cost is = $450000

so correct option is b. $450,000

Explanation:

given data

capitalized software costs = $600,000

expected total sales = 10%

sale = 4 year

net realizable value = $480,000

solution

we find out net capitalized cost of computer software that is

net capitalized cost of computer software is = Year 1 balance - Year 2 amortization ........................1

here we get first Year 2 amortization that is

Year 2 amortization is = capitalized software costs ÷ total projected sale ..............2

put here value

Year 2 amortization = $\frac{600000}{4}$

Year 2 amortization is = $150,000

so here we get net capitalized cost

net capitalized cost is = $600,000 - $150,000

net capitalized cost is = $450000

so correct option is b. $450,000

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3 years ago

Suppose that a landlord is interested in renting out a two-bedroom apartment for $1000 a month for the next year. The landlord r

Anarel [89]

Answer:

WHAT

Explanation:

5 0

3 years ago