« previous next »

Author Question: A balance sheet ________. A) describes the financial situation of a company at a specific point ... (Read 114 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jul 5, 2018
A balance sheet ________.
 
  A) describes the financial situation of a company at a specific point in time
  B) is a summary of all of the revenues minus all of the expenses for an accounting period
  C) shows the changes that took place in the amount of shareholders' equity during a period
  D) is a list of all the cash collected and cash paid during a period

Question 2

Preparing a bank reconciliation enables a company to ________.
 
  A) locate any errors, whether made by the bank or by the company
  B) make adjustments for transactions that have already been recorded in the accounting records
  C) make adjustments in the cash accounts
  D) update the bank statements


djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Sarah Sze, Triple Point (Pendulum). Sarah Sze, Triple Point (Pendulum).
Time Estimates for Specific Office Procedures Time Estimates for Specific Office Procedures
Ocean sediment cores preserve a record of ice sheet growth and decay Ocean sediment cores preserve a record of ice sheet growth and decay
Cycles in ice sheet growth and decay Cycles in ice sheet growth and decay
Use the answer sheet below the problems for your answer Use the answer sheet below the problems for your answer
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Introduction to Autism

For a complete list of videos, visit our video library