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2 years ago

Adjusting entries are recorded ___of an accounting period.

Business

1 answer:

ExtremeBDS [4]2 years ago

5 0

Answer:

at the end

Explanation:

Adjusting entries are made at the end of an accounting period after a trial balance is prepared to adjust the revenues and expenses for the period in which they occurred.

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"When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as ______

blondinia [14]

Answer:

The answer is letter D. Cognitive Dissonance

Explanation:

When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as _cognitive dissonance_______.

7 0

3 years ago

Data for Shelby Company for the current year is as follows:

maks197457 [2]

Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

Cost of goods sold will be 10,000 - 2,300 = $7,700

Gross profit is sales revenue less cost of goods sold which is computed as shown below:

Gross profit = 10,000 - 7,700

= $2,300

6 0

3 years ago

If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will

Ivan

Your answer should be: "There is not enough information to answer." Hope I helped! :)

3 0

3 years ago

West africa has tropical wet and dry forests, also known as tropical ________ forests, which receive rainfall for several months

galina1969 [7]

The answer to this question is rain.

3 0

3 years ago

The bookbinder company has made $150,000 before taxes during each of the last 15 years, and it expects to make $150,000 a year b

allochka39001 [22]

A company can carryback losses up to 3 years. This means that the company can use its 525,000 2015 loss to obtain a credit for income taxes paid in the previous 3 years, 2012-2014. The calculation is as follows:

2012 Carryback: 150,000 x .35 = 52,500

2013 Carryback: 150,000 x .35= 52,500

2014 Carryback: 150,000 x .35 = 52,500

The check that Book Binder receives will be 52,500 x 3 = 157,500.

Its tax liability in 2015 will be zero, and its loss eligible for carryforward will be 525,000-450,000=75,000, since it has already carried back $450,000 of its loss (2012-2014 income).

Its liabilities in future years will be:

2016: (150,000-75,000) x .35 = 26,250. We have now exhausted all tax credits possible from the 2015 loss.

2017-20: 150,000 x .35 = 52,500

4 0

3 years ago