The above statement is True. Checkpoint does offer the unique RIA International Create-A-Chart function that facilitates the creation of tax-comparison charts. This function is designed to help tax professionals compare tax laws and regulations across different jurisdictions. The Create-A-Chart function allows users to customize their charts by selecting specific tax topics, jurisdictions, and tax types. Additionally, the charts come with links to controlling authority, detailed explanations, and analysis by WG, which makes them even more valuable to tax professionals.
In summary, Checkpoint's RIA International Create-A-Chart function is a powerful tool that provides tax professionals with a comprehensive view of tax laws and regulations across multiple jurisdictions. With this function, users can create customized tax-comparison charts that include links to controlling authority, detailed explanations, and analysis by WG. Overall, this function is an essential resource for anyone working in the tax industry.
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A price ceiling A. is an illegal price. B. is the maximum price that can legally be charged. C. is the price that exists in a black market. D. Both answers A and B are correct. E. Both answers B and C are correct.
Answer:
The correct answer is the option B: is the maximun price that can legally be charged.
Explanation:
To begin with, the concept known as "price ceiling" in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.
Match the terms in Column I with the descriptions in Column II
Column I
1. Religious values
2. Prudential values
3. Intellectual values
4. Accountability
5. Aesthetic values
6. Integrity
7. Economic values
Column II
A. concerned with one's religious doctrine
B. concerned with beauty and appearance concerned with one's own interests
C. concerned with reasoning
D. concerned with cost, efficiency, and control
E. people with this value behave in a manner that is consistent with ethical beliefsa
F. quality in individuals whereby each knows, understands, considers and accepts
G. the impact and consequences of personal actions and decisions
Answer:
Where is a picture of the assignment
Explanation:
Which of the following creates a hazard for accidents in the kitchen?
a
Using a single door to enter and exit the kitchen area
b
Holding containers of liquid close to the body with both hands
c
Limiting the number of items that can be placed in bussing containers
d
Having windows on swinging doors
Answer:
the first condition
Explanation:
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Mary was shopping in a clothing store. She had $100 to spend. She found three items she liked: $99 for a pair of shoes, $98 for a jacket, and $96 for a dress. After over an hour of shopping, she decided to buy the jacket for $98. What was her opportunity cost?
Answer:
She have two opportunity cost: 1. Shoes
2. Dress
With the return back money of $2
Opportunity cost is the return of a foregone option less than the return on your chosen option.
1. Explain how human resource management is organized and functions. 2. Explain health insurance benefits and providers.
HR departments play a crucial role in educating employees about health insurance options, facilitating enrollment, and addressing any questions or concerns related to health insurance benefits.
1. Human Resource Management (HRM) Organizational Structure and Functions:
Human Resource Management is organized and functions within an organization to oversee various aspects related to employees and their well-being. HR practices. Here are the key components and functions:
a. HR Department: Organizations typically have an HR department or team responsible for managing HR functions. This department may consist of HR professionals, including HR managers, specialists, and administrators.
b. Recruitment and Selection: HRM oversees the recruitment and selection process to attract and hire qualified candidates for job vacancies.
c. Employee Onboarding and Offboarding: HRM facilitates the onboarding process for new employees, ensuring they have the necessary orientation, training, and paperwork.
d. Employee Relations: HRM plays a vital role in fostering positive employee relations by addressing workplace conflicts, handling grievances, and promoting a harmonious work environment.
e. Compensation and Benefits: HRM is responsible for managing employee compensation and benefits programs. This includes determining salary structures, administering payroll, managing employee benefits packages,
f. Performance Management: HRM establishes and oversees performance management processes, including goal setting, performance evaluations, and performance improvement plans.
g. Training and Development: HRM identifies training needs, designs and delivers training programs, and facilitates employee development initiatives.
h. Employee Policies and Compliance: HRM develops and communicates employee policies and ensures compliance with labor laws and regulations.
i. HR Information Systems: HRM utilizes HR information systems (HRIS) or HR software to manage employee data, track employee records, administer benefits, process payroll, and generate reports for strategic decision-making.
2. Health Insurance Benefits and Providers:
Health insurance benefits are an essential component of employee compensation packages and provide coverage for medical expenses. Here are key aspects to consider:
a. Coverage: Health insurance typically covers medical services, including doctor visits, hospitalization, prescription medications, preventive care, and sometimes dental and vision care.
b. Premiums and Deductibles: Health insurance plans require employees to pay premiums, which are regular payments to maintain coverage. Additionally, there may be deductibles, which are the out-of-pocket expenses employees must pay before the insurance coverage kicks in.
c. Insurance Providers: Health insurance plans are offered by insurance providers, such as private insurance companies or government-sponsored programs like Medicare (for elderly individuals) and Medicaid (for low-income individuals).
d. Network of Providers: Health insurance plans often have a network of healthcare providers, including hospitals, doctors, specialists, and pharmacies.
e. Co-pays and Co-insurance: Co-pays are fixed amounts employees pay for specific medical services, such as doctor visits or prescription medications.
f. Plan Options: Employers may offer different health insurance plan options, such as preferred provider organization (PPO),
health maintenance organization (HMO), or high-deductible health plans (HDHP) with a health savings account (HSA).
g. Open Enrollment: Health insurance benefits are typically offered during open enrollment periods, allowing employees to enroll in or make changes to their health insurance coverage.
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Select all that apply.
Select all reasons data mining is important to businesses.
It cuts costs.
It identifies long-term goals.
It solves problems.
It increases profits.
Answer:
a,c,d
Explanation:
URGENT HELP PLEASE
What are some of the reasons that excel is important in a finance career? Why is it important to learn tricks like shortcuts in excel? How is a program like excel better than doing math by hand or with a calculator?
Answer:
Excel is an important tool in finance as it allows for efficient organization, calculation, and analysis of large amounts of data. The ability to perform complex calculations and present data in a clear and organized manner can save time and increase accuracy compared to doing math by hand or with a calculator. Additionally, shortcuts in Excel allow users to work faster and more efficiently, enabling them to handle larger amounts of data and perform more advanced analysis. Overall, proficiency in Excel is a valuable skill in finance as it enables professionals to perform their job duties more effectively and efficiently.
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Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
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true or false
Becoming financially literate is important because it helps you make smart decisions.
Answer:
True
Explanation:
One of the most important life skills everyone should possess is financial literacy because it helps you take control of your financial future and achieve your financial goals. Strong financial knowledge and understanding can help you overcome poor financial decisions and make better long-term plans.
Answer:
Ture
Explanation:
If you can get one thing out of High School, it is financial literacy. It will help you plan and make strategic decisions about how much to save, what job to get, and when you can get a house.
norris has a deductible of $1,000. he damages his car in.- How much does Norris have to pay?- How much does his insurance pay?
Norris have to pay $1,000 and his insurance pay is $3,300. When a claim is made, the insured is required to pay a deductible before the insurance provider will cover the remaining costs.
For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. Generally speaking, you pay less in premiums for an insurance coverage the higher the deductible is. A deductible can be a set monetary sum or a percentage of the entire insurance coverage provided by a policy.
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If the Administrator were examining the actions of a particular agent to determine whether the agent engaged in churning a client's account, focus would be placed upon A) the number of complaints received relating to that agent B) the amount of profits generated in the client's account C) the client's objectives, financial resources, and the character of the account D) the length of time the account had been opened
Answer:
C) the client's objectives, financial resources, and the character of the account
Explanation:
While at the time of examining the actions of a specific agent by the administrator with respect to the commission earned would be depended upon the objective of the client, his financial resources,and the character of the account.
The character of the account represents the type of account in which the client is interest as different accounts have different commissions
So these three above objectives should be required
Hence, the option c is correct
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Identify each statement as true or false.
a. When two countries choose to partake in international trade, it is a mutually beneficial activity for both countries.
1. True
2. False
b. Wealthier countries always benefit more from international trade than poorer countries.
1. True
2. False
c. Countries trade for goods in which they do not have a comparative advantage, and therefore, would never trade with nations that have similar resource endowments.
1. True
2. False
d. Through specialization and trade, it is possible for a country to consume a combination of goods that is beyond its original production possibilities frontier.
1. True
2. False
Answer:
true water and the other day and the other
Complete the statement.
Steve has joined as a trainee manager at a convenience store. His superior has noticed that he does not fill out his time sheet accurately and so he does not show
_________.
Also, Steve always leaves much of his work undone. The superior has concluded that Steve will not prove to be a _________ employee for the organization.
options for first space: punctuality, confidentiality, honesty
options for second space: honest, reliable, punctual
Answer:
Honesty; reliable.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
In this scenario, Steve has joined as a trainee manager at a convenience store. His superior has noticed that he does not fill out his time sheet accurately and so he does not show honesty. Honesty is the act or quality of being honest and sincere with one's actions and words (statement).
Also, Steve always leaves much of his work undone. The superior has concluded that Steve will not prove to be a reliable employee for the organization. Reliable is the quality of an individual to be credible, dependable and trustworthy to others.
What is the purpose of the qualifications section of a résumé?
To provide an employer with the applicant's contact information
b. To highlight why the applicant is the perfect candidate for the position
C. To give an employer an overview of the applicant's education history
d. To state the type of work the applicant is seeking
Answer:
b
Explanation:
ddd
The correct option is C). To give an employer an overview of the applicant's education history.
What does qualifications mean on a resume?A qualifications section of a resume refers to the customized section which consists of the education information about the candidate.
It is a brief highlight of relevant education, skills and experience, which shows the employer how the candidate will offer a competitive advantage.
Basically, qualifications section give an employer an overview of the applicant's education history.
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Which type of endorsement transfers ownership to someone else?
Blank
Restrictive
Special
None of these
Answer:
Special
Explanation:
A payee performs a special endorsement when they want someone else to receive the check amount. It means the payee transfers the rights to the check payment or the asset to a third party. The payee is the person whose name appears on the front.
In the special endorsement, the payee writes at the back of the check or instrument, " pay to the order of'' and states the new recipient's name. The payee has to sign to confirm the endorsement.
Monica spent a lot of time preparing for her interview, but the hiring manager is not asking any of the questions she practiced.
What interview advice would you give to Monica?
A) Be flexible and adjust to different situations
B) Make notecards of every possible interview question
C) Specify in the cover letter what questions she would like to answer
D) Take the initiative to redirect the conversation
on july 1, 2022 an investor paid $3,330,000 for 100% of the voting common stock of an investee. the transaction qualifies as a business combination. at that time, investee had the following summarized balance sheet information: july 1, 2022 current assets $450,000 plant and equipment, net 2,520,000 liabilities 1,260,000 equity 1,710,000 on july 1, 2022, the fair value of the plant and equipment was $630,000 more than its carrying amount. the acquisition-date fair values approximated their recorded book values for all of the remaining individual net assets of the investee. related to this transaction, what amount of goodwill must the investor report in its post-acquisition consolidated balance sheet on july 1, 2022? $630,000 $1,620,000 $990,000 $2,250,000
The investor must report $630,000 of goodwill in its post-acquisition consolidated balance sheet on July 1, 2022. Option A is correct.
Goodwill is the excess of the purchase price over the fair value of the net assets acquired in a business combination. In this case, the investor paid $3,330,000 for 100% of the investee's common stock, which is the purchase price. The fair value of the net assets acquired can be calculated as follows:
Fair value of current assets = $450,000
Fair value of plant and equipment = $2,520,000 + $630,000 = $3,150,000
Fair value of liabilities = $1,260,000
Fair value of net assets acquired = $2,340,000
The excess of the purchase price over the fair value of the net assets acquired is:
Purchase price - Fair value of net assets acquired = $3,330,000 - $2,340,000 = $990,000
Therefore, the investor must report $990,000 of goodwill in its post-acquisition consolidated balance sheet on July 1, 2022.
However, we need to remember that the fair value of the plant and equipment was $630,000 more than its carrying amount on July 1, 2022. This means that the fair value of the net assets acquired is actually higher than the calculation above. The fair value of the net assets acquired can be recalculated as follows:
Fair value of current assets = $450,000
Fair value of plant and equipment = $2,520,000 + $630,000 = $3,150,000
Fair value of liabilities = $1,260,000
Fair value of net assets acquired = $2,340,000 + $630,000 = $2,970,000
The excess of the purchase price over the fair value of the net assets acquired is:
Purchase price - Fair value of net assets acquired = $3,330,000 - $2,970,000 = $360,000
Therefore, the investor must report $360,000 of goodwill in its post-acquisition consolidated balance sheet on July 1, 2022.
However, we need to remember that the question is asking for the amount of goodwill that must be reported, which means we need to use the higher of the two calculations above. Therefore, the investor must report $630,000 of goodwill in its post-acquisition consolidated balance sheet on July 1, 2022. Option A is correct.
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Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation:
In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
the adjustment for underapplied overhead
Answer: The adjustment for underapplied overhead increases cost of goods sold and decreases net operating income.
the himalayas are being uplifted at a rate of approximately 2 cm per year and are being eroded at approximately 3 mm per year. what is the overall rate of growth of the himalayas per year?
The Himalayas are being uplifted at a rate of approximately 2 cm per year and eroded at approximately 3 mm per year, the overall rate of growth of the Himalayas per year is an increase of 17 mm yearly.
The steep Himalayas, which run 2,900 km along the boundary between India and Tibet, are among the most striking and apparent products of plate-tectonic forces. Between 40 and 50 million years ago, two massive landmasses, India and Eurasia, collided due to plate movement, giving rise to this enormous mountain range. The Himalayas are still growing at a rate of more than 1 centimeter each year, or 10 km in a million years!
A value's growth rate gauges how much it has changed over time (month, quarter, year). The percentage is a fairly universal way to communicate it.
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What role did designer Carter Bryant play in this intellectual property case?
MGA Entertainment claimed that his design for Mattel was hurting their profits.
Mattel claimed that he created the design under dispute while working for them.
Mattel claimed that he stole his design from one of the employees at their company.
MGA Entertainment claimed that his design was too close to one created by Mattel.
The role designer Carter Bryant played in this intellectual property case was that Mattel claimed that he created the design under dispute while working for them.
Therefore, the correct option is B.
Carter Bryant ("Bryant") was a former employee of Mattel who left the company for MGA Entertainment, Inc. ("MGAE") on or about October 4, 2000. According to a state court complaint that Mattel filed against Bryant, Bryant violated his contractual and common law obligations to the company by failing to disclose his concept sketches and sculptures of the Bratz dolls. Bryant's right, title, and interest in any inventions he imagined or put into effect at any point while working for Mattel, according to Mattel, were mutually intended to be assigned to Mattel by Bryant and Mattel under the terms of the Inventions Agreement.
Ocean Tomo testified in the second trial over Mattel's ownership claim over the Bratz dolls that MGA had lost $85 million in losses as a result of Mattel misappropriating MGA's trade secrets. All of Mattel's arguments regarding the Bratz dolls were dismissed by the jury, and Mattel was not given any copyright damages. MGA was instead given a judgment of $85 million for trade secret misappropriation damages. Punitive damages, court costs, and other expenses were also given to MGA.
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Answer: B
Explanation:
Mattel claimed that he created the design under dispute while working for them.
Using the same resources, the country of zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. zanzibarus has a (n) ________ in beef in contrast with pork production.
Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage.
Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
According to the theory of comparative advantage, nations will trade with one another and export the items in which they are relatively more competitive.
A country's labor force and natural resources may be exploited if one solely considers its comparative advantages.
Absolute advantage refers to a nation's undeniable ability to produce a certain good more effectively.
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Appendix: Normal and Abnormal Spoilage in Process Costing
Novel Toys, Inc., manufactures plastic water guns. Each gun’s left and right frames are produced in the Molding Department. The left and right frames are then transferred to the Assembly Department where the trigger mechanism is inserted and the halves are glued together. (The left and right halves together define the unit of output for the Molding Department.) In June, the Molding Department reported the following data:
a. In the Molding Department, all direct materials are added at the beginning of the process.
b. Beginning work in process consisted of 3,000 units, 20 percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct materials, $450; and conversion costs, $138.
c. Costs added to production during the month were direct materials, $950; and conversion costs, $2,174.50.
d. Inspection takes place at the end of the process. Malformed units are discarded. All spoilage is considered abnormal.
e. During the month, 7,000 units were started, and 8,000 good units were transferred out to Finishing. All other units finished were malformed and discarded. There were 1,000 units that remained in ending work in process, 25 percent complete.
Required:
1. Prepare a physical flow schedule.
2. Calculate equivalent units of production using the weighted average method.
3. Calculate the unit cost.
4. What is the cost of goods transferred out? Ending work in process? Loss due to spoilage?
5. Prepare the journal entry to remove spoilage from the Molding Department.
Total cost refers to the overall expense incurred by a company or individual in producing a good or service. It includes all the direct and indirect costs associated with production, such as the cost of raw materials, labor, equipment, rent, and utilities.
1. Physical Flow Schedule:
Novel Toys, Inc.
Molding Department
Physical Flow Schedule
For the Month Ended June 30
| Units | Direct Materials | Conversion Costs |
| Beginning WIP Inventory | 3,000 | $450 | $138 |
| Started & Completed | 7,000 | $950 | $2,174.50 |
| Ending WIP Inventory | 1,000 | — | — |
| Total | 11,000 | $1,400 | $2,312.50 |
| Transferred Out | 8,000 | $1,050 | $2,174.50 |
| Loss due to Spoilage | 3,000 | $350 | $138 |
| Total | 11,000 | $1,400 | $2,312.50 |
2. Equivalent Units Calculation:
Novel Toys, Inc.
Molding Department
Equivalent Units Schedule
For the Month Ended June 30
| Units | Direct Materials | Conversion Costs |
| Beginning WIP Inventory | 600 | 600 | 69 |
| Started & Completed | 7,000 | 7,000 | 6,475.5 |
| Ending WIP Inventory | 250 | — | — |
| Total | 7,850 | 7,600 | 6,544.5 |
3. Unit Cost Calculation:
Novel Toys, Inc.
Molding Department
Unit Cost Schedule
For the Month Ended June 30
| | Direct Materials | Conversion Costs | Total Cost |
|-------------|-------------------:|-----------------:|------------:|
| Total Cost | $1,400.00 | $2,312.50 | $3,712.50 |
| Equivalent Units | 7,850 | 6,544.5 | 7,850 |
| Unit Cost | $0.178 | $0.354 | $0.473 |
4. Cost of goods transferred out:
8,000 units were transferred out, so the cost of goods transferred out would be:
8,000 units x $0.473 per unit = $3,784
Ending work in process cost:
There were 1,000 units of ending work in process, 25% complete. Therefore, the equivalent units of ending work in process would be:
250 units of ending work in process x $0.178 (direct materials) = $44.50
250 units of ending work in process x $0.354 (conversion costs) = $88.50
The total cost of ending work in process would be:
$44.50 + $88.50 = $133
Loss due to spoilage:
3,000 units were malformed and discarded, so the loss due to spoilage would be:
3,000 units x $0.473 per unit = $1,419
5. Journal Entry to remove spoilage:
Debit: Loss due to Spoilage - Molding Department $1,419
Credit: Work in Process Inventory - Molding Department $1,419
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QuestionWhen economists say that the demand for a product has increased, they mean that the _________________.Ademand curve for the product has shifted to the rightBprice of the product has fallen, and consequently consumers are buying more of the product.Ccost of producing the product has increasedDamount of the product that consumers are willing to purchase at various prices has increased.Medium
When economists say that the demand for a product has increased, they mean that the consumers are willing and able to purchase more at any given price.
When an economist says that the demand for a specific commodity has increased, he or she wants to explain that the consumers or buyers are willing to consume further affair at the same price position, which is farther represented by a rightward shift in the demand wind.
In economics, demand depicts the nature and geste of a consumer when he makes buying opinions in the request. The law of demand is applicable for normal goods as it describes the downcast leaning wind for a product whose volume demanded increases with the drop in the price position and vice-versa.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Which of the following sets is most important to consider when choosing a career?
(A) needs and demographics
(B) hobbies and friends
(C) diversity and interests
(D) personal values and work values
The sets that is most important to consider when choosing a career is (C) diversity and interests.
What is a career ?Career can be described as the occupation that ios been undertaken for a significant period whgich one can focus on, through ouut hios or her life with opportunities for progress.
It should be noted that when choosing ba career one should be able to seek for the things that interest you about tyhe field because ythis will help you when the journey is getting tough because to get to the peak of the career can not be seen as one that ios easy.
Therefore, option C is correct.
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The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
Addison Company experienced an accounting event that affected its financial statements as indicated below: Assets Stockholders' = Liabilities + Equity Revenue + Expense Net Income Stat + + +Which of the following accounting events could have caused these effects on Addison's financial statements? Multiple Choice O Collected cash from accounts receivableO Earned revenue on accountO Collected cash from accounts receivable O Earned revenue on account O Issued common stock O Earned cash revenue
The following accounting event that the Addison Company encountered had an impact on its financial statements: Assets Stockholders' = Revenue + Expense Net Income Statue + + +, The right response is earned income on account.
Explain Which accounting event appears on Addison's financial accounts as a result of earned revenue on account?The following accounting event appears on Addison's financial statements as a result of earned revenue on account.
Accounting is a term used to refer to the measurement, processing, and verbal transmission of economic and non-economic data about financial institutions such as corporations and agencies. Accounting, also known as the "language of business," measures the results of an organization's financial activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators.
Professionals in accounting include accountants. The terms accounting and financial reporting are frequently used synonymously. Tax accounting, fee accounting, financial accounting, and control accounting are only a few examples of the several categories into which accounting can be split.
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