In the library of a small town, the mean cost of new books is the same as the median cost of new books. the distribution of book costs is: symmetrically distributed.
What is the meaning of symmetrical distribution?This is what happens when the value of a particular variable are known to happen in a way that they would be at regular frequencies and would also have to occur at the same point. This is when it has to do with the mean, the mode and the median.
Hence we can say that In the library of a small town, the mean cost of new books is the same as the median cost of new books. the distribution of book costs is: symmetrically distributed.
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A contract is valid only if both of the parties entering into it have the capacity to do so. true false
The law considers three groups of people as being incapable of signing contracts: children, people with psychological disorders, and people who are intoxicated.
What are psychological disorders?Examples of psychological impairments include manic depression, bi-polar disorder, schizophrenia, personality disorders, PTSD, anxiety disorders, delusional disorders, and eating disorders. Different psychological conditions may hinder education in different ways.
A mental sickness is a pattern of behavior or thought that considerably hinders human functioning or results in extreme misery. It is also referred to as a mental illness or psychiatric condition. These traits could be constant, relapsing, or only noticeable during particular episodes. There have been many illnesses identified, and each one has a different set of signs and symptoms.
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Each product item in the product mix may require a separate marketing strategy. question 3 options:
a. true
b. false
Each product item in the product mix may NOT require a separate marketing strategy. Thus, the answer is FALSE.
The full range of goods and/or services that a company provides is referred to as "product mix", often known as its "product assortment" or as others call it "product portfolio". These terms describe the total number of product lines that a business can provide to its clients or consumers.
For instance, your business might market several product lines such as a dish washing liquid company also manufacture laundry soaps and fabric conditioners.
Actually, product mix differ amongst businesses. Some companies have numerous product lines within their firm, each with a large number of product items. But some establishments have even more restrictions but they all do not require separate marketing strategy for each product.
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Which characteristics are helpful for you to categorize consumers into customer segments?
The number of possible traits or variables that can be used to categorize clients are: personal traits like age, stage of life (retired, new parents, students, etc.), gender, and marital status.
What Is Personality, And What Qualities Make Up Personality?
Various definitions of personality exist, and the term itself is a little murkier than it first appears. Unconscious structures may make up personality. It might include the life-long personal tales we have developed. Or it could be a tangible example of our genetic makeup.
Because it influences how we measure personality, our definition of personality is crucial.
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The characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome is an example of:_________
Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.
Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.
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______ is evidenced when national officials fund a project that is actually implemented by state governments.
cooperative federalism is evidenced when national officials fund a project that is actually implemented by state governments.
India's cooperative federalism is a reflection of the idea that the center and other units should have a solid relationship. It directs all governmental entities to take action and work together to address shared social, political, economic, national and civic issues. The Latin word "foedus," which meaning a pact or accord, is where the name "federalism" first appeared. A federation is thus a new state policy that combines the power of decentralized units with the centralization concept. India is made up of numerous states with distinct cultures, therefore federalism adaption is essential. The concept of cooperative federalism in India improves relations between the center and the states as well as between the state government and local governments.
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Which of the following is an example of how high student loan debt can
impact a person's life decisions?
A person may choose to buy a car instead of leasing since they can afford a
large down payment.
High student loan debt can be used as collateral and improve a person's
chance at buying a house.
O High student loan debt can make it easier to borrow more and continue
studies in graduate school.
A person may choose to rent instead of buying a home since they can't afford a
down payment.
Enrique borrowed $23,500 to buy a car. he pays his uncle 2% interest on the $4,500 he borrowed from him, and he pays the bank 11.5% interest on the rest. what average interest rate does he pay on the total $23,500? assume enrique pays both his uncle and the bank in one lump sum. round your answer to the nearest tenth of a percent.
He pays average 9.7% interest rate on the total $23,500.
What is Interest Rate?
The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place. The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualised.
Total amount of interest will be:
(23,500 X x%) = (23,500 X x/100) = 235x dollar
He borrowed $4,500 from his uncle and pays 2% interest for this.
So, the amount of interest paid to his uncle/=(4,500x2%) = (4,500x0.02)=90
He borrowed the rest amount which is ($23,500- $4,500) or $19,000 from the bank and pays 11.5% interest for it.
So, the amount of interest paid to the bank/=(19,000 x 11.5%) = (19,000x0.115)= 2,185 dollars
Thus, the equation will be.
235x = 90+2185
235x = 2275x = 2275/235= 9.6808 roundoff 9.7
(Rounded to the nearest tenth)
So, he pays average 9.7% interest on the total $23,500.
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Which scenario is an example of loyalty to a company in a consumer's daily life?
The scenario that is an example of loyalty to a company in a consumer's daily life is Continuing to shop at Dunkin' Donuts even if Starbucks opens more convenient locations and offers slightly lower prices.
What is customer loyalty?Company loyalty can be described as the how concerns employees as well as the consumer is sticking with the organization instead of looking for work elsewhere.
It should be noted that Company loyalty do come as a result of the idea that the organization possesses nobility which the consumer or the employee have seen to be worth serving, hence The scenario that is an example of loyalty to a company in a consumer's daily life is Continuing to shop at Dunkin' Donuts even if Starbucks opens more convenient locations and offers slightly lower prices.
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In a common-size income statement, each item is expressed as a percentage of total.
Yes, it is true that in a common-size income statement, each item is expressed as a percentage of total. Net sales, for instance, are 100% of the total. The usage of percentages makes it possible to analyze financial statements more consistently and comparably through time and among competitors.
An income statement with each line item expressed as a percentage of revenue or sales is referred to as a common-size income statement. By using the common size percentages help us to see each line item or component that will affects the financial position of the company. Common-size financial statements make it easier to compare a company's performance over time and to that of its rivals.
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A person who executes orders to buy and sell securities on behalf of his or her clients on the floor of the nyse is called a:_____.
A person who executes orders to buy and sell securities on behalf of his or her clients on the floor of the nyse is called a floor broker.
Floor brokers are employees of member firms who execute trades on the exchange floor on behalf of the firm's clients.
A specialist is a person who is a member of a stock exchange, such as the New York Stock Exchange (NYSE), whose role is to facilitate trading in certain stocks.
Specialists must make a market in the stock they trade by displaying their best bid and ask prices to the market during trading hours.
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The payment of utilities for the period would have what effect on the accounting equation?
The payment of utilities for the period would have what effect on the accounting equation is Assets decrease; owners' equity decreases
What is Accounting Equation
The accounting equation demonstrates that the total assets of a corporation equal the sum of its obligations and shareholders' equity (assets = liabilities + equity). The basis of double-entry accounting is the distinct relationship between a company's liabilities, assets, and equity. The balance sheet of a firm serves as the data source for its accounting equations. Owner's equity, shareholder equity, or stockholder equity are all examples of equity. The fundamental accounting equation can be solved for if the first two terms are known, just as other equations. For example, total assets minus total equity equals total liabilities, or total assets minus total liabilities equals total equity A term is shifted from the right side to the left side of the accounting equation by using a negative sign.
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A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a(n) ______ mortgage.
A loan with lower payments in the early years that increase gradually until they are sufficient to amortize the loan fully is a graduated-payment mortgage.
A graduated payment mortgage starts with a lower payment and then slowly grows. Mostly the mortgage interest will grow between 7% to 12% annually. This is done till the full payment is not reached. So this is a type of loan that offers lower payments early which will increase over time. The purpose of this type of mortgage is that it allows homeowners to start by paying lower payments.
As it starts with paying by paying lower payments the people who found it difficult to pay the initial loan installments now can take the loan. So this type of loan is ideal for young and first-time home buyers. The total costs for the life of a GPM loan will be greater than that of a standard loan. Graduated payment mortgages are only available on loans that are taken from Federal Housing Administration (FHA).
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Since about the year 2000, assets not captured in firms' accounting data have become ______ to a firm's competitive advantage.
The importance of non-accounting assets to a firm's competitive edge has increased significantly since around the year 2000.
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages. Due to particular advantages or circumstances, a company and its stockholders can benefit more from competitive advantages.
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Indicate whether the following costs of procter & gamble (pg), a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost:__________
a. Factory overhead costs for the Iowa City, Iowa, facility include Plant:
manager's pay;
b. Maintenance materials;
Factory overhead costs
Procter and Gamble
William Procter and James Gamble formed the Procter & Gamble Company (P&G), an American international consumer goods firm with its headquarters in Cincinnati, Ohio, in 1837. It focuses on a broad range of consumer health, personal care, and hygiene items. These products are divided into numerous categories, including baby, feminine, and family care, beauty, grooming, and health care. Prior to being sold to Kellogg's, Pringles' product line included included foods, snacks, and drinks. P&G was founded in Ohio.
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Incomplete Question
The concept of demand can be summarized by a schedule or curve showing the quantity of a product that would be ______. multiple choice question.
The concept of demand can be summarized by a schedule or curve showing the quantity of a product that would be consumed at various prices.
What is the concept of demand?
Demand is the quantity of the consumers who are willing and able to buy products at various prices during a given period of time. Demand for any commodity implies consumers' desire to acquire the good, the willingness and ability to pay for it.
The demand for a good that consumer chooses, depends on the price of it, the prices of other goods, the consumer’s income and her tastes and preferences. Whenever one or more of these variables change, the quantity of the good chosen by consumer is likely to change as well. If the prices of the other goods, the consumer’s income and her tastes and preferences remain unchanged, the amount of a good that the consumer optimally chooses, becomes entirely dependent on its price. The relation between the consumer’s optimal choice of quantity of a good and its price is called the demand function
What is?
The law of demand describes an inverse the relationship between price and quantity demanded of a good. If the price of good increases, then the demand falls, because the consumer is usually reluctant to spend more and more money on her purchase. If the price of good decreases, the demand for the good increases because with price being less, the consumer prefers to buy the good.
Law of Demand, along with the Law of Supply is used to explain how market economies allocate resources and determine the prices of goods and services in everyday transactions.
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When there is and efficiency, the market produces the right goods in the correct amounts using the fewest resources possible.
When it is allocative and productive efficiency, the market produces the right goods in the correct amounts using the fewest resources possible.
Efficiency is the maximum degree of performance that requires the fewest inputs and produces the greatest amount of output. Efficiency is using less superfluous resources, such as one's own time and energy, to produce a given product.
Allocative efficiency is the quality of a market where all products and services are efficiently divided among consumers in an economy.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency.
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Oil creek auto has sales of $3,740, net income of $274, net fixed assets of $2,800, and current assets of $920. the firm has $630 in inventory. what is the common-size statement value of inventory?
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement
What is common-size statement?An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.
The common-size statement refers to expressing each value as a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
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The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known as?
The particular and specialized actions that auditors take to obtain evidence during a specific engagement are known as Auditing procedures.
Who is an auditor?
The banking statements of organizations are examined by accountants to make absolutely sure them are accurate and legal. This can be a person or a group.
Audit team look over the accounting data of businesses and other organizations to make sure they are accurate and compliant with both the legislation.
The auditor for the person who has the specific engagement is called an auditing procedure. In this the person evaluate the chances and the evidence which is being presented, it can be in an electronic form as well as in a hard copy. He evaluates every aspect and then that decision is called an auditing procedure
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Park co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000 annually for four years. what is the investment's payback period?
The investment's payback period is 3 years
Given here the, Immediate Initial Investment is $27,000 and expected Annual Cash Inflow is $9,000 and the cash inflows are constant for couple of years.
Now, we calculate Payback period by the formula
Pay back period = Initial Investment / Annual Cash Inflow
On putting the values we get Payback period = $27,000 / $9,000
Payback period = 3 years
Thus, the calculated investment's payback period is 3 years.
A equipment, facility, or other investment has created enough net revenue to cover its investment expenditures when it reaches its payback period. The payback period is a metric used to evaluate, if any, the short- and long-term advantages of the suggested energy solutions. Logically, energy systems with quicker payback times are more advantageous from an economic standpoint than those with slower payback times.
The net amount that enters and leaves your organisation over the course of a time period is known as cash flow. Typically, this time frame is a month, quarter, or year. Operating operations, financing activities, and investment activities are the three main sources of cash flows.
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All of the following terms are associated with variable life insurance except: _______
a. permanent
b. cash value
c. policy loan
d. flexible premium
The correct answer is (c) policy loan.
A permanent life insurance policy with an investing component is known as variable life insurance.
What is a variable life insurance policy?
An agreement between you and an insurance provider is a variable life insurance policy. It is meant to fulfill certain insurance requirements, financial purposes, and tax planning aims. It is a policy that distributes a specific sum to your beneficiaries—your family or other people—upon your passing.
What advantages can variable life insurance policies offer?Lifelong coverage and a cash value account are both features of variable life insurance, also known as variable appreciable life insurance. Compared to other permanent life insurance plans, variable life insurance policies have a larger possibility for upside cash earnings.
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A decrease in supply causes the equilibrium price to _____ and the equilibrium quantity to _____.
A decrease in supply causes the equilibrium price to rise and the equilibrium quantity to decrease .
A decrease in demand causes the equilibrium price to :
A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.
What happens at the equilibrium price?
The equilibrium price is the only price where the plans of consumers and the plans of producers agree—that is, where the amount consumers want to buy of the product, quantity demanded, is equal to the amount producers want to sell, quantity supplied. This common quantity is called the equilibrium quantity.
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Read the excerpt from the crab that played with the sea. " before the high and far-off times, o my best beloved, came the time of the very beginnings; and that was in the days when the eldest magician was getting things ready. First he got the earth ready; then he got the sea ready; and then he told all the animals that they could come out and play. And the animals said, ‘o eldest magician, what shall we play at?’ and he said, ‘i will show you. He took the elephantâ€"all-the-elephant-there-wasâ€"and said, ‘play at being an elephant,’ and all-the-elephant-there-was played. He took the beaverâ€"all-the-beaver-there-wasâ€"and said, ‘play at being a beaver,’ and all-the beaver-there-was played. He took the cowâ€"all-the-cow-there-wasâ€"and said, ‘play at being a cow,’ and all-the-cow-there-was played. He took the turtleâ€"all-the-turtle-there-wasâ€"and said, ‘play at being a turtle,’ and all-the-turtle-there-was played. One by one he took all the beasts and birds and fishes and told them what to play at. Based on the details in the excerpt, what is its primary purpose? to inform to describe to persuade to entertain.
This excerpt's main objective is to entertain.
In Rudyard Kipling's endearing tale "The Crab That Played with the Sea," a rebellious crab causes issues. The narrative portrays the universe's maker as a magician.
This passage is from the said story. A literary work's primary goal is often to entertain its audience. To put it another way, a fiction writer always strives to tell a good story that will keep the reader interested.
A writer may write for purposes other than amusement, such as persuasion; however, this was not Kipling's intent when he wrote "The Crab That Played with the Sea," which was primarily designed for the enjoyment of young readers.
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A company using accrual accounting may report revenue on the income statement even if it does not collect cash. this statement is:______
A company using accrual accounting may report revenue on the income statement even if it does not collect cash.
The above statement is true.
Regardless of when money is received, accrual accounting mandates that revenue be recognized in the period in which the task is completed.
What is accrual accounting?
The financial accounting approach known as accrual accounting enables a corporation to record income before getting payment for the goods or services sold, or expenses can be recorded as incurred before being reimbursed. Accrual accounting is one of two accounting methods; the other is cash accounting.According to the matching principle, which is the foundation of accrual accounting, economic events are recorded when a transaction takes place rather than when a payment is sent or received. In order to provide a more realistic view of a company's present financial state, this strategy combines the current cash inflows and outflows with anticipated future cash inflows and outflows.To learn more about accrual accounting visit:https://brainly.com/question/28390610
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What are some non-monetary costs of attempting to eliminate risks? loss of life loss of productivity loss of time.
The non-monetary costs of attempting to eliminate risks are time costs, search costs, and psychological costs.
What is the cost?Cost refers to the expenses that are incurred in the due course of time. The companies and businesses incurs various kind of the cost. There are broadly two kinds of cost, that is direct cost and indirect cost.
A non-monetary cost is a fee that a buyer pays that is not monetary in order to obtain something. The non-monetary cost of purchasing a product includes the time spent seeking for it, as well as the risk that it will give the intended benefits.
Non-monetary expenses are yet another sort of sacrifice that clients experience when they buy and utilize a service. When determining whether to acquire or repurchase a service, time costs, search costs, and psychological costs are usually considered, and may be more important factors than monetary pricing.
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The net income (in $million) of a sample of steel fabricators are $86, $67, $86 and $85. what is the modal net income?
The correct answer is 86$
To find the modal net income, we have to figure out the most occuring number. Here, 86$ is most repeating one so, Modal net income is 86$.
The median income or modal net income is the level of income at which half of a population is classified as having an income above it and half as having an income below it. It could not be the same as the median income. The income mode is the one that happens most frequently.
The money that remains after all business expenses have been deducted from gross revenue for a certain reporting period, such as a fiscal quarter, is known as net income. Because it appears in that spot on a company's financial statements, net income, also known as profit or earnings, is occasionally referred to as retained income.
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There are four leadership constructs in the transformational leadership model by burns and bass. one of their constructs is?
The Burns and Bass Transformational Leadership Model includes four leadership constructs. Individualized Consideration is one of their constructs.
The capacity to influence and direct followers or other members of an organization is referred to as leadership. Making wise and occasionally challenging decisions, defining and communicating a clear vision, setting realistic goals, and empowering subordinates with the information and resources they need to reach those goals are all aspects of leadership. Most facets of society, including business, politics, local communities, and nonprofit groups, demand leaders. Successful leadership paves the way for followers to follow. It establishes a course, creates a vision, and changes course as needed. Developing a strategy for your team to "win" involves leadership.
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Under conditions of imperfect competition in hiring labor, union efforts to increase wages:______.
Some claim that union efforts to raise wages will inevitably result in job losses, but some counter that salary hike could also result in an increase or decrease in employment. Why does this have no definitive response? Due to the conditions of imperfect competition in hiring labor.
Because it only produces incentives for firms to just make more money, imperfect competition in the labor market leads to the exploitation of labor. Companies in this environment basically set their own unique prices and compete for market share.
Therefore, if the wages rise due to efforts to increase wages, the employers who must reduce their costs to increase profit might not look for more workers.
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If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilibrium price and quantity of lattés?.
If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, then the equilibrium price and quantity would both rise.
What do we mean by equilibrium price?An equilibrium price, also recognized as a market-clearing price, is the customer cost assigned to a product or service at a point where supply and demand are equal or nearly equal. The price at which the demand curve equals the quantity supplied is known as the equilibrium price. The intersection of the demand and supply curves determines it. A surplus exists when the quantity supplied of a good or service exceeds the quantity demanded at the current price, putting downward pressure on prices. For example, if scientists discover that steamed milk, which is used to make lattés, reduces the risk of heart attack, the equilibrium price and quantity will both rise.Therefore, if scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, then the equilibrium price and quantity would both rise.
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How should the wages of a sheet metal worker in a fabrication plant be classified? multiple choice 1
A. product cost
B. period cost
C. nonmanufacturing cost
D. administrative cost
The wages of a sheet metal worker can be classified to be product cost.
What is meant by product cost?This is the term that is also used to refer to the cost of production. This is a term that helps to tell us of the cost that a person may have to incur when they are to produce a good or to create a service.
The sheet worker is being paid for the services that he renders ion the production of the good. So this is the product cost.
Hence we can say that The wages of a sheet metal worker can be classified to be product cost.
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Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing the following sentence. in order to prepare the statement of?
The reported net income (loss) from the Income statement is combined with retained earnings, the balance of the (Retained earnings / Cash) account, and any debit balance in the (Dividends / Supplies) account. These amounts are moved from the adjusted trial balance.
What is the adjusted trial balance used to prepare?The adjusted trial balance is used to check the accuracy of the financial accounts. The balance sheet, income statement, and cash flow statement are all created using the adjusted trial balance as a tool.
What is the purpose of the adjusted trial balance and how do we prepare it?In order to make sure that the financial statements for the time are correct and current, an adjusted trial balance is prepared. It fixes any mistakes to bring the statements into compliance with the standards of the relevant accounting system.
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