The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Total revenues$160,000?Total expenses 76,800?Retained earnings 102,400?Dividends 19,200?
A. $83,200.
B. $166,400.
C. $185,600.
D. $102,400.
E. $76,800.
Answer: B
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A) $16,500 B) $11,000 C) $27,500 D) $38,500
Organizational core values form the foundation of a firm's decisions.
Answer the following statement true (T) or false (F)
The unconditional obligation of the buyer to pay the draft on the date due is a consequence of:
a. the draft being a sight draft. b. the buyer's trade acceptance. c. the draft being negotiable. d. the application of UCP 600.
The ____ divide is a title used for the social and economic gap between those who have access to computers and information technologies and those who do not.
A. computer B. digital C. data D. distant