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Accounting Questions and Answers (Q&A)

W. Mocroft, Philanthropist
Answered: Nov 27, 2018
A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time. In the case of an income statement, this reports a company's financial performance...Read More

1 Answer

1556 views
Bergeront Tiffney, Computer Engineer
Answered: May 02, 2019
The answer to this is B. The monthly fixed fee is $90 but because of the additional copies that need to be made, the extras will be charged for every copy. This means that for the month of...Read More

2 Answers

1449 views
Lnwilcox
Answered: Aug 01, 2021
All of the above are intangible

1 Answer

1277 views
Although the term "right side" might be a very common term in different professions and might mean different things, the only profession that uses this term the most is in any business-related...Read More

2 Answers

1231 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
The cost of land should include the cost of removing unwanted buildings and the cost of grading and clearing the land. When you’re buying land for a business, you have to take into account...Read More

2 Answers

1123 views
Lekden
Answered: Aug 01, 2021
The seller has title to the goods until they are delivered.

1 Answer

941 views
Anthony Paul Bonadio, Teacher
Answered: Jan 03, 2019
The correct course of action is journal, ledger, trial balance, financial statements. The financial statement is pretty much submitting your final essay, and the other three are your rough...Read More

2 Answers

823 views
Financial statements are one of the most important documents or reports, especially in business. These reports show the status of a business such as the labor unions, stockholders, and board of...Read More

1 Answer

823 views
The United States Declaration of Independence starts with the line, When in the course of human events… This document was approved on July 4th, 1776, by the Continental Congress. It states...Read More

2 Answers

766 views
Itess.valencia
Answered: Aug 01, 2021
Yes, always

1 Answer

753 views
Anie Nikahi
Answered: Aug 19, 2018
Revenue is not included in the balance sheet because a balance sheet only record Assets, Liability, and Owner's Equity. Revenue is recorded in the Income Statement where it summarises cash...Read More

2 Answers

710 views
A break-even point is significant revenues to cover the total amount of variable and fixed expenses by a company in a specific time. For a company to have a break-even point, it must reduce its...Read More

2 Answers

593 views
H. Jones, Web Content Writer
Answered: Sep 11, 2019
CAT and AAT are two different qualifications. However, many people don’t know their differences. CAT is the acronym for Chartered Certified Accountant, and AAT is the acronym for...Read More

4 Answers

590 views
Terrijones
Answered: Aug 01, 2021
Balance Sheet

1 Answer

578 views
John Smith
Answered: Aug 01, 2021
They will remain the same as production levels change within the relevant range

3 Answers

567 views
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