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jenyasd209 [6]
2 years ago
6

Which of the statements below is correct regarding the difference between a temporary account and a permanent account?

Business
1 answer:
alisha [4.7K]2 years ago
3 0

Answer:A temporary account will not appear on a post-closing trial balance.

Explanation:

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Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 50 $ 3
RUDIKE [14]

Answer:

Amount of taxes payable is $210.

Explanation:

<u>Calculating the Income tax amount: </u>

Income tax = Closing balance - opening balance + income tax expenses

Income tax = 30 - 50 + 230  

Income tax = - 20 + 230

Income tax = $210

7 0
3 years ago
What payroll deductions might change depending on the state you live in
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State and local taxes
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2 years ago
An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of var
ziro4ka [17]

Complete Question:

An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is:

Group of answer choices

A) the safety of the principal invested.

B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.

C) the yield is always higher than mortgage yields.

D) the yield is always higher than bond yields.

Answer:

B) changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.

Explanation:

An important basic characteristic of common stocks that makes them a suitable type of investment for the separate account of variable annuities is changes in common stock prices tend to be more closely related to changes in the cost of living than changes in bond prices.

Generally, common stocks are considered by financial experts or broker-dealers to be a suitable type of investment of variable annuities because the prices of common stocks in the market are not fixed and as such they are affected by economical changes such as inflation or recession.

5 0
3 years ago
In the actual economy, goods and services are purchased byA. households, but not firms or the government. B. households and the
GenaCL600 [577]

Answer:

C. households, firms, and the government.

Explanation:

In the actual economy, goods and services are purchased by households, firms, and the government.

7 0
3 years ago
The introduction of ________ has greatly simplified trans-shipment between various modes of transportation. Group of answer choi
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Answer:

a. containerization

Explanation:

The containerization is defined as the system which uses intermodel containers for freight transport. By this methods, each container is considered an unit of product instead of smaller parts. The transport between shipment methods would be facilitated without affecting to commodities inside each containers. In addition, when many products are in the containers, the quantity of parcel can be easily controller. The standardized dimensions of containers used can help the exporter, importer or transporter easily make plan about shipment by different means.

4 0
3 years ago
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