1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
2 years ago
15

Which of the following best describes a trial balance?

Business
1 answer:
Lubov Fominskaja [6]2 years ago
8 0

Answer:

A

Explanation:

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

You might be interested in
What is the term used to describe the linking of key product or service requirements to process capabilities?
Igoryamba

Answer:

Product or service profiling.

Explanation:

Product or service profiling is the term used to describe the linking of key product or service requirements to process capabilities.

Generally, most organizations and business owners use the product or service profiling strategy to enhance consistency through the identification of their key services or product line and as such are avail the opportunity to select the appropriate process, procedures and techniques to achieve their goals and objectives successfully.

3 0
2 years ago
Which choice BEST describes what might happen to unemployment rates, if minimum wage laws were repealed?
Ivenika [448]

Answer:

the short term, unemployment rates would drop drastically.

8 0
2 years ago
Read 2 more answers
If Food Markets were to acquire Meat Processors, the acquisition would be classified as a _____ acquisition.
EleoNora [17]

Answer:

a. Vertical

Explanation:

The vertical acquisition means the acquisition where the company purchased one of the suppliers. Like the manufacturing company buys the product i.e. not fully developed so here for fully developed the company purchased out its supplier so this we called as a vertical acquisition

Now as per the given situation since the food markets would be purchased Meat processors so this represent the vertical acquistion

hence, the correct option is a.

5 0
3 years ago
A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (m
olga2289 [7]

Answer:

The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.

Explanation:

The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.

In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.

The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.

3 0
3 years ago
A plant asset acquired on October 1, 2018, at a cost of $400,000 has an estimated useful life of 10 years. The salvage value is
melamori03 [73]

Answer:

The depreciation expense for the first two years is $72,000.

Explanation:

Under straight-line method, depreciation expense is (Cost - Residual value) / No of years = ($400,000 - $40,000) / 10 years = $36,000 yearly depreciation expense.

Using this method, the depreciation expense for the first two years is $36,000 x 2 years = $72,000. This amount is regarded as the accumulated depreciation at the end of Year 2 while the net book value would be $400,000 - $72,000 = $328,000.

3 0
3 years ago
Other questions:
  • McNeely entered into a contract with Wagner to pay $250,000 as a lump sum for all timber present in a given area that Wagner wou
    13·1 answer
  • Manuel, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. Ma
    6·1 answer
  • Maiko lost her job and she was forced to sell a rental property because she did not have other funds​ (liquid, emergency,​ etc)
    10·1 answer
  • Locating dependable suppliers is part of the ————process?
    11·1 answer
  • Which of the following is an example of the legal/regulatory environment surrounding advertising and promotional activities of b
    13·1 answer
  • Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it.
    14·1 answer
  • Pompeii, Inc., has sales of $53,500, costs of $24,400, depreciation expense of $2,600, and interest expense of $2,350. If the ta
    5·1 answer
  • Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. T
    12·1 answer
  • A client who owns an online running shoe store wants to drive sales of a particular model of women's running shoes. What keyword
    9·1 answer
  • The Filling Department of Lilac Skin Care Company had 4,000 ounces in beginning work in process inventory (70% complete). During
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!