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Snezhnost [94]
2 years ago
5

What does the Beginning Balance column in the Trial Balance View in the Prep for taxes tool indicate

Business
1 answer:
nalin [4]2 years ago
5 0

The beginning balance column in the tool indicates the balance in the clients account.

<h3>What is the prep for taxes tool?</h3>

This is an online tool that helps with the reviews of the account of a client online through the help of one dashboard.

The tool is also known to have a close resemblance to the trial balance.

These kind of tools are useful to theclient for their tax preparation.

Read more on taxes preparation tools here:

brainly.com/question/25870256

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A financial advisor has heard from a relative of NR Industries Inc.'s CEO that the company is planning to shut down its operatio
Gekata [30.6K]

Answer: (D) Information asymmetric

Explanation:

Information asymmetric is basically refers to the economical transaction where the one party or any group knows more data or information as compared to the other party.

It is also known as information failure and the information asymmetric involves all the economical data or the information. The imbalance of the power occur due to the cause of imperfect data or the information.  

Therefore, Option (D) is correct.

5 0
4 years ago
What is the primary means by which supervisors can determine whether or not employees are complying with?
andrew11 [14]
<span>Auditing is the primary means by which supervisors know if employees are in sync with them. It is the process of financial inspection of the company accounts done officially. This can improve the governance and control of the institution and also help with risk management.</span>
5 0
3 years ago
You sold short 100 shares of common stock at $45 per share. The initial margin is 50%. At what stock price would you receive a m
loris [4]

Answer:

The answer is $50

Explanation:

100(45) * 0.5 + 4500= $6750

[6750-100x] / 100x = 0.35

6750 = 135x

<u>x = $50</u>

4 0
4 years ago
ILK has preferred stock selling for 95 percent of par that pays a 9 percent annual coupon. What would be ILK’s component cost of
Debora [2.8K]

Answer:

9.47%

Explanation:

The computation of the cost of preferred stock is shown below:

Cost of preferred stock = Annual coupon ÷ Price of preferred stock per share

where,

Preferred stock sale price = 100 ×  95% = $95

And, the annual coupon = 9% × 100 = $9

= $9 ÷ $95

= 9.47%

We assume the par value be 100

Simply we divide the annual coupon by the price of preferred stock per share so that the correct cost of preferred stock can be computed

8 0
3 years ago
Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr
kodGreya [7K]

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

Feb 28 Sales tax payable Dr $975

Cash Cr $975

Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.

7 0
4 years ago
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