Answer:
All accounts and their balances at a particular date
Explanation:
The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other
So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect
Therefore the above represent the answer
Answer:
The balance in the accumulated depreciation account at the end of the second year is $146,000.
Explanation:
Straight line method charges a <u>fixed depreciation charge</u> on the asset during its period of use.
Depreciation Expense (Straight line) = Cost - Residual Amount ÷ Estimated Useful life
= $778,000 - $48,000 ÷ 10
= $73,000
Therefore, for each year, a depreciation expense of $73,000 is charged to profit an loss.
Accumulated Depreciation Calculation :
Depreciation Expense : Year 1 $73,000
Depreciation Expense : Year 2 $73,000
Total Expense $146,000
Answer:
D
Explanation:
customer must be sent a copy of the official statement, if available
Answer:
The rate of return to an investor in the fund=0.088*100=8.80%
Explanation:
Given Data:
NVA at the start of the year=
=$12.50
NVA at the end of the year=
$12.10
Distributions of income and capital gains =$1.50
Required:
The rate of return to an investor in the fund=?
Solution:
Rate of return=
The rate of return to an investor in the fund=0.088*100=8.80%
Answer:
Price will be 6.6
Explanation:
You can find the attached file.
