Answer:
True
Explanation:
A LLC is a company that has its own identity and is taxed separated from all owners and investors.
Answer:
Items reported in the balance sheet are:
3. a, c, e, f, and h
Explanation:
a) Data and Selection:
a. Cash
b. Sales
c. Long-term debt
d. Wage expense
e. Wages payable
f. Retained earnings
g. Net income
h. Inventory
i. Cost of goods sold
a. Cash
c. Long-term debt
e. Wages payable
f. Retained earnings
h. Inventory
b) Items reported in the balance sheet are items that are assets, liabilities, or equities. These items are permanent items, which have their balances taken to the next accounting period. Non balance sheet items are reported in the income statement. They are closing or temporary items that do not have balances taken to the next period.
Answer:
rounded to the nearest ten thousand dollars
Explanation:
The term pro forma financial statements refers to a type of financial statement which estimates future financial results. It doesn't follow the GAAP, instead it is designed to focus on specific figures about a company's expected earnings. Although pro forma financials are only expected financial statements, it is still illegal to mislead investors using them.
Answer:
Investor A = $545216 .
Investor B = $352377
Investor C = $897594
Explanation:
Annual rate ( r ) = 9.38%
N = 41 years
<u> Calculate the balance at age of 65</u>
1) For Investor A
balance at the end of 10 years
= $2000 (FIA, 9.38 %, 10) (1 + 0.0938) ≈ $33845
Hence at the end of 65 years ( balance )
= $33845 (FIP, 9.38 %, 31) ≈ $545216 .
2) For investor B
at the age of 65 years ( balance )
= $2000 (FIP, 9.38%, 31) = $322159 x (1 + 0.0938) ≈ $352377
3) For Investor C
at the age of 65 years ( balance )
= $2000 (FIP, 9.38%, 41) = $820620 x (1 + 0.0938) ≈ $897594
I think it's "Adrienne did not enter her ATM withdrawal correctly". That's my best guess
