Business, 15.07.2021 22:30 milkshakegrande101
Accounting is the recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions. Most businesses use a formal accounting cycle to prepare and analyze the major financial statements (balance sheet, income statement, and statement of cash flows). This short video describes how a small business prepares the information used in the accounting cycle.
1). Source documents would include items such as receipts, travel records, etc. financial statements. trial balances. journal entries. stock options.
2). The balance sheet, income statement, and statement of cash flow are the financial statements. statements of equity. journal entries. ledger entries. balance of trade.
3). At the conclusion of the Accounting Cycle are a series of financial statements. Who is the audience to view these documents?
Answers: 2
Business, 21.06.2019 21:40
Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
Business, 22.06.2019 00:50
At a roundabout, you must yield to a. already in the roundaboutb. entering the roundaboutc. only if their turn signal is ond. only if they honk at you
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Business, 22.06.2019 05:30
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 23.06.2019 00:50
On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
Answers: 1
Accounting is the recording, classifying, summarizing, and interpreting of financial events and tran...
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