Adjusting entries are journal entries made at the end of an accounting period for the purpose of: A. Assuring that financial statements reflect all of the revenues earned and the expenses incurred. BY. Assigning expenses to the periods in which they are incurred. C. Assigning revenues to the periods in which they are earned. D. All of the above

Blank is the internal operation that arranges information resources to support business performance and outcomes

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000