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Mila [183]
3 years ago
15

The post-closing trial balance helps to verify that: (Select all that apply.) Multiple select question. we prepared and posted c

losing entries correctly the accounts are ready for next period's transactions the company was profitable during the current period we prepared and posted adjusting entries correctly
Business
1 answer:
Artyom0805 [142]3 years ago
4 0

It can be deduced that the post-closing trial balance is important as it verifies that:

  • we prepared and posted closing entries correctly.
  • the accounts are ready for next period's transactions.

<h3>What is a trial balance?</h3>

A trial balance simply means the bookkeeping where the balance of all the ledgers are compiled.

The post-closing trial balance is important as it verifies that we prepared and posted closing entries correctly and that the accounts are ready for next period's transactions.

Learn more about trial balance on:

brainly.com/question/24696035

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Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is eith
Sergio039 [100]

Answer:

1. Market control by many small firms.

2. Difficult entry.

3. Mutual interdependence.

Explanation:

An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Market control by many small firms.

2. Difficult entry.

3. Mutual interdependence.

3 0
3 years ago
A VC investor has invested $5 million in the preferred stock of a venture that is now being acquired for $50 million. The invest
Scorpion4ik [409]

Answer: $12.5 million

Explanation:

The best payoff the VC investor can get from the acquisition will be:

From the question, we've two options. The first option using the 2x Liquidation Preference will give a payoff of:

= 2 × $5 million

= $10 million

The second option using 25% of Common Shares will give a payoff of:

= 25% × $50 million

= 0.25 ÷ $50 million.

== $12.5 million

Therefore, the best Payoff is $12.5 Million.

4 0
3 years ago
Sarah grows rosebushes that she decided to sell online. She ships them using an airline. If a rosebush dies, to whom is the carr
Tpy6a [65]

If the rosebush dies while in transit, the carrier will be liable to Sarah, the principal.

<h3>Who is the carrier liable to?</h3>
  • The carrier will be liable to the person that it engaged in a business transaction to ship goods to another person.

In other words, the carrier will be liable to Sarah because it was Sarah that they got into business with. Sarah will then be liable to the buyer for the death of the rosebush.

In conclusion, option B is correct.

Find out more on liability at brainly.com/question/24777053.

7 0
3 years ago
Read 2 more answers
The law of supply indicates that:A)the product supply curve is downsloping.B)consumers will purchase less of a good at high pric
vova2212 [387]

Answer:

C) producers will offer more of a product at high prices than they will at low prices.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

The law of supply indicates that producers will offer more of a product at high prices than they will at low prices.

In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

8 0
3 years ago
Currently aft is charged $3,898,800 depreciation on the income statement of andrews. andrews is planning for an increase in this
LekaFEV [45]

At the financial statements of Andrews will this: growth internet cash from Operations on the coins waft declaration.

Financial statements are written information that brings the business activities and the financial performance of a business enterprise. economic statements are regularly audited by way of government agencies, accountants, companies, and so on. to ensure accuracy and for tax, financing, or making investment purposes. The earnings announcement, stability sheet, and statement of coins flows are required economic statements. those three statements are informative equipment that buyers can use to research an agency's financial power and offer a short photo of a corporation's economic health and underlying price.

Financial statements are formal statistics of the financial activities and role of a business, individual, or other entity. relevant monetary facts are presented in a dependent manner and in a shape that is simple to understand.

Learn more about financial statements here: brainly.com/question/26240841

#SPJ4

3 0
1 year ago
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