The bank statement balance of $7,000 does not include a check outstanding of $1,000, a deposit in transit of $275, and another company's $250 check erroneously charged against your firm's account. The reconciled bank balance is: a. $6,580 b. $6,375 c. $6,525 d. $6,570

Q: do you have the answer in a different format using equations

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: Define BOM along with an example.

A: There are different types of BOM based on the specific engineering used in the design process or…

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A: Multi-step income statement is prepared in different steps showing gross profit and net profit…

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A: Financial Accounting provides various useful information to various user groups which helps them in…

Q: Support your computations with relevant explanations.

A: Certainly! Here's a brief explanation of why certain items were included or excluded when…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: borata what is ASA?

A: Advertising Standard Authority (ASA) refers to the regulatory body in the united kingdom which…

Q: 6) Explain Realisation concept and provide example.

A: Accounting concepts are those rules, regulations and guidelines which are used for the…

Q: Could you please do a step by step solving process for this question?

A: PVIFA refers to present value interest factor of an annuity. It is used to determine the present…

Q: Discuss the General overview of IFMIS

A: The IFMIS usually sets up a centralized system to support various management processes.

Q: What is the purpose of EDI?

A: Electronic data interchange: The expansion of EDI is Electronic Data Interchange and it allows the…

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A: Given: Beginning of the Year Common Stock = $8 Additional Paid in Surplus = $138 End of the Year…

Q: 1. Sona Manufacturing provided the following information for last month: 3. Sales Variable Costs…

A: There are two type of costs that are being incurred in business. One is fixed costs, which will not…

Q: What are the answers and how do you arrive at them?

A:

Q: Show me the function

A: Nominal Return: It is the rate of return earned on an investment prior to any deductions regarding…

Q: Explain how to get the answer to this problem.

A: Equivalent units: When in the product is going to the more than one process then the lots of units…

Q: Explain CVP APPLICATIONS WITH EXAMPLE?

A: The CVP analysis is used to determine what will happen to the financial results when they are…

Q: What is this question answer?

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

Q: relevance characterisitic

A: Relevance is an important characteristic of accounting or financial information.

Q: Write a research paper explaining how the T Account process works

A: T accounts are visual representations of individual accounts that looks like a "T" and is used to…

Q: Can you explain each point in detail, if possible?

A: Lets understand the basics. Cash management is must requirement for banks in todays world. This is…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: Explain recourse

A: A recourse is a legal right to demand a compensation  or repayment. it is an legal agreement that…

Q: Can you help with the second part?

A: Cost of goods sold is the cost of the value of the inventory which has been sold during the period…

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A: Qualified Business Income Deduction (QBID) It is  the final  deduction  to be made  before…

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A: The statement of comprehensive income is computed by adding the net income – which is found by…

Q: Explain subsequent events and why these are important? Explain with the help of example.

A: Subsequent events refer to events or transactions that occur after the balance sheet date but before…

Q: Explain what is meant by the term decision model.

A: Every business has to take important decisions now and then. A proper understanding of the situation…

Q: Explain an example of internal events.

A: An Accounting event is a transaction that is recorded in the books of accounts of the company. There…

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A: Journal entries refers to the entries which are made at the end of the period or year and it records…

Q: Describe Caveats?

A: A notice that is given to the court that it must give caveator a fair hearing before making any…

Q: explain using the IRAC model.

A: IRAC model refers to Issue, Rule, Application as well as conclusion which is considered as an…

Q: Explain an example of prepayments.

A: The outflow of money to reduce the liabilities occurred in the current accounting period refers to…

Q: where is the evaluate?

A: There are different type of the evidences that needs to be obtained in order to provide the evidence…

Q: simplify this

A: Traditional  costing and activity based cost in our one of the most widely use technique in order to…

Q: Can you make QBI easier to understand? Can you say what the steps are?

A: QBI means Qualified Business Income, it is a deduction available to eligible tax payers. Sec 199 A…

Q: Can you please explain more about the alternatives?

A: The limiting factor is due to resource scarcity. It would limit the production in terms of quantity.…

Q: What is the answers and how did you arrive at those answers?

A: Cost of production is the cost incurred to produce a definite quantity of product. This cost…

Q: next answer?

A: Auditing is the process in which auditor examines the financial statements of the client with a view…