Answer: c. Account balances after adjustments
Explanation: An adjusted trial balance contains all the ending balances in all accounts after adjusting entries (journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts) have been prepared. The purpose of adding these entries is to correct errors in the first draft of the trial balance and to bring the entity's financial statements into compliance with an accounting framework. Such accounting framework may be Generally Accepted Accounting Principles (GAPS) or International Financial Reporting standards (IFRS)
If the multiplier equals 2 and the AD shortfall is $6 million, the desired fiscal stimulus is $3 million.
<h3>What is the shortfall?</h3>
The term shortfall has referred to the deficiency of something in the market. When the availability of goods is not adequate and suppliers fail to provide them. This situation is considered as shortfall.
To calculate the desired fiscal stimulus
desired fiscal stimulus= AD shortfall/ Multiplier
=$6 million/ 2
= $3 million
Therefore, the desired fiscal stimulus is $3 million.
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Answer:
aph development continues with an expression of the rationale or the explanation that the writer gives for how the reader should interpret the information presented in the idea statement or topic sentence of the paragraph. The writer explains his/her thinking about the main topic, idea, or focus of the paragrap
Explanation:
Answer:
C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
Explanation:
There is no avoidance to double taxation under corporate form, as company's pays tax on net income earned, and then if there is any distribution of income to shareholders, the shareholders are charged individually.
There is no such ease in transfer of share whether in corporate form or partnership form.
There is an indefinite liability in case of insolvency of sole proprietorship on the sole proprietor, as he is the only person in ownership of such shares.
No, voting rights in a corporate form are dependent on number of shares held.
Therefore, the correct statement is:
C) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
