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
Wewaii [24]
3 years ago
15

The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journal

s, closing entries, create a trial balance, make adjusting entries, create adjusting trial balance and prepare the four basic financial statements (balance sheet, income statement, changes in net assets/equity and cash flows). Note, adjusting entries are not necessary but reversals are a must in this process. This statement is:________.
A. True
B. False
Business
2 answers:
avanturin [10]3 years ago
7 0

Answer:

The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journals, closing entries, create a trial balance, make adjusting entries, create adjusting trial balance and prepare the four basic financial statements (balance sheet, income statement, changes in net assets/equity and cash flows). Note, adjusting entries are not necessary but reversals are a must in this process. This statement is:________.

A. True

devlian [24]3 years ago
6 0
False…………….. yea ma’am
You might be interested in
Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for
AfilCa [17]

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

6 0
4 years ago
Assume that you are working for a manufacturing company in the United States that hopes to sell its products throughout the worl
Nostrana [21]

The correct matches are the following.

1. Increasing the number of products your company exports from the United States to Canada without tariffs that could hurt profits. = e) NAFTA.

2. Resolving an issue that involves rules of trade that are impacting your business as you try to increase distribution to several markets in Africa. = b) World Trade Organization.

3. Selling your products to an expanding middle class of consumers in Guatemala. = d) DR-CAFTA

4. Problems selling to Japanese consumers due to the instability of the exchange rate between American and Japanese currencies. c) International Monetary Fund.

5. Allowing your manufacturing plant in Spain to quickly reduce barriers in its efforts to market and sell products in France. = a) European Union.

Knowing these organizations and their main functions will help you to understand foreign trade, its characteristics in a b¿globalizaed world, and the peculiarities according to each region. Every trade agreement has its details and you want to become an expert in the region you choose to maximize your sales and profits.

That is why many countries associate in trade agreements, as is the case of NAFTA, the North America Free Trade Agreement signed by Mäxico, the United States, and Canada, now turned into USMCA, the United States, México, and Canada Agreement.

8 0
3 years ago
When a market’s annual growth rate falls below 10 percent, a star will become a dog if it still has the largest market share?
mezya [45]
That statement is false

according to <span>IX Boston Consulting Group Model, a star will became a<em> cash cow</em> </span><span>if it still has the largest market share under this circumstances.
This means that the company still making enough cash for its employees and still enjoy a pretty high-profit margin.

</span>
3 0
3 years ago
Which of the following statements is MOST correct?A. Because the cost of debt is lower than the cost of equity, value-maximizing
Mama L [17]

Answer:

B. Corporations that are 100% equity financed will have a much lower weighted average cost of capital because the lack of debt lowers their risk of bankruptcy.

Explanation:

5 0
3 years ago
Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $488,000, va
Neko [114]

Answer:

Explanation:

In This Cost accounting <u><em>(which is a methodical set of process and procedures for accounting and reporting the capacity of the cost of producing and given goods and carrying out services in the aggregate and in detail.) </em></u>question, the analysis in the diagram below indicates that Gator should produce gloves and mittens otherwise loss will be increased by $26,180

4 0
3 years ago
Other questions:
  • The typical starting point of any firm's marketing mix is the:____________
    13·1 answer
  • How is the value of a product determined?
    10·1 answer
  • Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be
    14·1 answer
  • What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?
    9·1 answer
  • :- How might U.S. pharmaceutical companies and U.S. consumers benefit from the rise of the Indian pharmaceutical industry?
    12·1 answer
  • Should High School make it mandatory for all students to wear school uniforms each day to school?
    9·1 answer
  • What are objectives of human resource department​
    10·1 answer
  • the total net cash flows from operating activities are identical under both the indirect and direct methods.
    6·1 answer
  • Which of the following items may be a good consideration in selecting a bank? I. The bank sends a representative to the local ma
    9·1 answer
  • Which fact supports the idea that renting is a good
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!