Steps in the Accounting Cycle Recall the steps in the accounting cycle shown in Exhibit 4-8. Assume
Question:
Steps in the Accounting Cycle Recall the steps in the accounting cycle shown in Exhibit 4-8. Assume that a company does not prepare a work sheet. Which of the two remaining steps in the accounting cycle are performed in a different order than they would be if a work sheet were prepared? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted:
Students also viewed these Business questions
-
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases. Selling expenses Administrative expenses...
-
Find an example of a relationship and/or "prediction" or modelling between two variables employed in the media or popular press that is presented in an ambiguous, problematic or misleading wayand...
-
The Shear Madness hair salon operates with an 80% markup on the styling products it sells to its customers. Their planned purchases for the month are 40 shampoos ($36 retail), 40 conditioners ($28...
-
What is a self-imposed budget? What are the major advantages of self-imposed budgets? What caution must be exercised in their use?
-
Combustion gases enter a gas turbine at 6278C and 1.2 MPa at a rate of 2.5 kg/s and leave at 5278C and 500 kPa. It is estimated that heat is lost from the turbine at a rate of 20 kW. Using air...
-
Discuss the outcomes of creating customer value.
-
8. Which organizational structure is considered to be a hybrid? Explain.
-
Stan's, a department store chain, has conducted a survey to collect data on customer satisfaction and perception of its merchandise and service. Data for responses to the question "How likely is it...
-
Morganton Company makes one product, and has provided the following information to help prepare the master budget for its first four months of operations. a. The budgeted selling price per unit is...
-
Closing Entries For the following accounts, indicate whether each would be (Yes) or would not be (No) closed at the end of the accounting period. 1. Prepaid insurance 2. Supplies expense 3. Capital...
-
Adjusting Entries For the following situations, indicate the type of account to be debited and credited in a year-end adjusting entry. Use the following legend: A = Asset; L = Liability; R = Revenue;...
-
The United States Patent and Trademark Office has allowed patents for all manner of business methods, including, for example, Amazons one-click method for purchasing goods on the Internet; Pricelines...
-
Avery, an unmarried taxpayer, had the following income items: Salary Net income from a rental house 3 7 , 0 5 0 4 , 9 0 0 Avery has a 4 - year - old child who attends a child care center. Assume the...
-
California Lottery Let A denote the event of placing a $1 straight bet on the California Daily 4 lottery and winning. There are 10,000 different ways that you can select the four digits (with...
-
"Tamara Wiley glanced in the mirror before leaving her apartment and heading to her 8 a.m. class. She was having a bad hair day, so she had thrown on a scarf. Her quick check in the mirror told her...
-
Online Friends In a Pew Research Center survey of 1060 teens aged 13 to 17, it was found that 604 (or 57.0%) of those respondents have made new friends online. If the true rate is 50%, there is a...
-
Dr. Yong has requested that Senture Houston, an office manager at Pain Free Dental Associates, prepare a single journal entry for December 31, 2022. The bank statement for that day shows $9,500....
-
Mangold Corporation reported income from continuing operations of $78,400 and an extraordinary loss (net of taxes) of $6,400 for the current year. Mangold Corporation had 80,000 common shares...
-
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
-
On January 1 , 2 0 2 4 , Pine Company owns 4 0 percent ( 1 2 0 , 0 0 0 shares ) of Seacrest, Incorporated, which it purchased several years ago for $ 6 7 8 , 0 0 0 . Since the date of acquisition,...
-
Typical impact on product costs from implementing ABC include: a. Shifting of manufacturing overhead costs from low volume products to high-volume products. b. Decreases in per unit costs of high...
-
Elvis towing is selling one of its machines for $20,000. The book value of the machine is $15,000. Compute (a) the gain (loss) on the sale of the machine and (b) the net cash flow that will be...
Study smarter with the SolutionInn App