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i need all answered please At the end of the year a company's adjusted trial balance showed the following amounts: $71,900 29,900 5.900 11,900 5,95

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At the end of the year a company's adjusted trial balance showed the following amounts: $71,900 29,900 5.900 11,900 5,95 Cash Accounts Receivable Supplies Accounts Payable Notes Payable Retained Earnings, beginning of year Common Stock Service Revenue Wages Expense Advertising Expense Rent Expense 18,900 59.889 9,900 6,900 11.900 What is the amount of net income on the income statement for the year? 1 Multiple Choice 0 $11,950 0 $30,850 0 O $21,850 0 $92,750 0 Research has shown that these three elements exist when fraud occurs: Multiple Choice fear, greed, and satisfaction. motive, opportunity, and means. greed, larceny, and access. incentive, opportunity, and rationalization. A Company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic inventory system. Consider the following information: Cost per unit Date January 1 June 2 November 5 Description Beginning inventory Purchase Sales # of units 210 75 245 What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Multiple Choice ) Cost of goods sold $1,365; Ending inventory $180 o Cost of goods sold $1,150; Ending inventory $200 o Cost of goods sold $1,190, Ending inventory S160 ) Cost of goods sold $1,225; Ending inventory $215 A company has $71,500 in inventory at the beginning of the accounting period and $64,500 at the end of the accounting period. Sales revenue is $1,023,500, cost of goods sold is $621,500, and net income is $130,200 for the accounting period. On average, the number of days to sell inventory is approximately Multiple Choice 24 days. 191 days. 40 days. 62 days. Analyze the activity in the Salaries Payable account. At the beginning of the month, the balance was $18,350. During the month, three debits in the amounts of $4,550, $11,150, and $14,650 were posted to Salaries Payable, and three credits in the amounts of $3,750, $9,650, and $12,850 were posted to Salaries Payable. At the end of the month, what is the balance in the Salaries Payable account? Multiple Choice o $14,250. o 54. o 548700. o 52 450

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