Debit or credit memo describing entries in the company's bank account may be enclosed with the bank statement. an example of a credit memo is: a promissory note left for collection.
What is credit memo?
A credit memo could be a commercial record issued by a provider to the client informing the reduction of the amount that a customer owes to the seller. In case it could be a cash sale, it infers the amount of advantage that the provider owes to the customer. A credit memo is called Credit Memorandum and more popularly known as ‘Credit Note’.
To learn more about credit memo, visit;
https://brainly.com/question/3521467
#SPJ4
Assume the economy is initially located on ad0 and as0. an increase in personal income taxes would result in price _____ and real domestic output _____.
Assume the economy is initially located on ad0 and as0. an increase in personal income taxes would result in price at E and real domestic output at B.
Real gross domestic product or the real GDP is an inflation-adjusted measure which will be reflecting the value of all goods and services produced by a particular economy in a given year which is expressing the prices in base years and is often referred to as a constant price, such as "inflation-corrected" or else the "constant dollar" GDP.
Real GDP would make a comparison of GDP from year to year and also from different years as it is more meaningful because it can show the comparison for both the quantity and particular values of goods and services.
It is calculated by dividing nominal GDP over another GDP deflator. The intuition that exists behind the real wealth effect is that when the level of prices decreases, it takes only less money to buy goods and services. The money now you have is worth more and you will be feeling wealthier. So, in response to where there is a decrease in the price level, real GDP will actually increase. So, from the diagram, an increase in personal income taxes would be resulting in a price at E and the real domestic output at B.
Learn to know more about Real Domestic Output on
https://brainly.com/question/15585502
#SPJ4
Jerry recently paid $20 in tolls for the florida turnpike. The $20 payment is considered a tax. True or false?.
The given statement is false.
Jerry’s paid amount is not considered as tax, because amount paid to the toll refers to amount which are paid for public or private authority on crossing the highway or bridge, so amount paid to toll, not cosidered as tax.
Jerry paid amount to the Florida turnpike is considered as particular individual's user fees not tax.
Generally tax is a fee or mandatory amount given by the citizens to the government or the individual who collect revenue for building the facilities and services. Whereas toll charges or toll tax refers to the revenue collected by the government when we cross any bridge, tunnel or highway as they are providing the best facilities for humans.
To learn more about toll charges, refer this link.
https://brainly.com/question/18876516
#SPJ4
What is the future value of $540 to be deposited today into an account paying 8.0ompounded semi-annually for two years?
The value of $540 deposited today into an account receiving 8% interest semi-annually for two years is $15033.6
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organization makes in exchange for extending credit. The amount of ownership a stockholder has in a corporation, typically represented as a percentage, is another term for interest. Interest is frequently linked to credit cards, mortgages, auto loans, personal loans, savings accounts, or fines. The macroeconomic policies set by the Federal Reserve's Federal funds rate heavily influence interest rates.
Learn more about interest here
https://brainly.com/question/13324776
#SPJ4
When conducting a geriatric assessment, basic activities of daily living (adls) include:________
When conducting a geriatric assessment, basic activities of daily living (adls) include bathing.
What is geriatric assessment?Doctors use a geriatric assessment as a tool to gauge a patient's health and wellbeing. It examines your physical health, diet, other medical conditions, mental health, and the level of social support you receive at home.
The six main elements of a comprehensive geriatric assessment are data collection, team discussion, development of a treatment plan, implementation of a treatment plan, monitoring, and revision of the treatment plan as necessary.
There is no age at which a patient is technically considered older, despite current definitions of geriatric. Deficits in geriatric assessment may also have consequences for younger patients.
To learn more about geriatric visit:
https://brainly.com/question/28233053
#SPJ4
As a student of economics, when you speak of scarcity, you are referring to the ability of society to:__________
As a student of economics, when you speak of scarcity, you are referring to the ability of society to: satisfy economic wants given limited resources.
In economics, scarcity refers to sources that a limited in quantity. There are three causes of scarcity – demand-triggered, deliver-triggered, and structural. There are also styles of shortage – relative and absolute.
Scarcity is the basic monetary hassle. It arises from the insufficiency of assets to meet people's wants. The shortage is ubiquitous. rich humans face shortages after they want extra than they should purchase, when they can not be in two locations at once, and when, consequently, they ought to pick among options.
The shortage impact is the cognitive bias that makes people location a better value on an item that is scarce and a lower value on one that is to be had in abundance.
Learn more about the scarcity here https://brainly.com/question/24514964
#SPJ4
Automated methods for obtaining registrar network range information for a company ________.
Automated methods for obtaining registrar network range information for a company are faster than manual methods.
The information helps in avoiding the duplication of research. facts stimulate the concept manner of the up-to-date, especially students. The facts help scientists, engineers, scholars, and so on. updated get properly informed about the current advancements in their updated, and up to date maintain them.
Records are an important thing to update how virtual society provides cost and redistributes electricity. In a connected global, information profits energy via everlasting storage and huge distribution. The same statistics that existed inside the analog global can exponentially grow in power as soon as shared on digital networks.
Human beings use the facts updated trying updated meaning in a variety of situations. up-to-date they use records instrumentally, up-to-date do something tangible (e.g., up-to-date accumulate a skill or attain a goal). Other times, information is used cognitively (e.g., updated generate ideas).
Learn more about the information here https://brainly.com/question/24858866
#SPJ4
Do you feel this truck is affordable for Cesar or should he consider other alternatives? Provide at least two reasons supporting your answer
What is the purpose of giving teachers tenure after they teach satisfactorily during a probationary period?
The purpose of giving teachers tenure after they teach satisfactorily during a probationary period is to protect teachers from arbitrary and unfair dismissal.
What do you understand by tenure?
When working for one company over an extended period of time, then the employee is considered a long-tenured employee. This serves several advantages and disadvantages for working professionals. Knowing what tenure is and how it works helps you determine whether you should stay with your current employer for a long period or change jobs more frequently.
To learn more about tenure, refer to:
/brainly.com/question/11399404
#SPJ4
Account balances in the general ledger are updated for transactions through the process of:__________
a) balancing.
b) analyzing.
c) posting.
d) journalizing.
Account balances in the general ledger are updated for transactions through the process of posting.
A transaction is a commercial enterprise event that has a financial impact on an entity's economic statements and is recorded as access in its accounting records. Examples of transactions are as follows: Paying a provider for services rendered or items introduced.
An Accounting Transaction is an enterprise hobby or transaction that has a financial effect on a company's financial statements. For instance, Apple representing nearly $2 hundred billion in cash & cash equivalents in its balance sheet is an accounting transaction.
An accounting transaction is a method of recording financial data that has an impact on the monetary statements of the enterprise. It's by far the best method used by the business to record each transaction of each day event which would assist in measuring the value of the companies.
Learn more about transactions here https://brainly.com/question/27311471
#SPJ4
Of the five types of risk associated with purchase decisions, which one involves the perceived danger inherent in a poorly performing product or service?.
Of the five types of risk associated with purchase decisions, Performance involves the perceived danger inherent in a poorly performing product or service.
This term refers to a person's subjective evaluation of his or her risk of an illness or an adverse outcome, often in reference to performing a specific risky behavior. Five varieties of perceived risk emerged from these procedures to subsume the kinds of risk found within the literature and generated by the hypothetical purchasing situation.
It includes aspects like the likelihood, the impact, and therefore the severity of the danger. Perceived risk could be a subjective judgment of a private. It combines factors like emotion, contextual factors, and private experiences. A performance risk is that the potential that a product, service, program or project won't deliver the maximum amount value as needed.
This will apply to internal projects, outsourced projects and purchases of a product or service. Perceived risks can include the fear and or doubt a consumer has that the merchandise they're buying will fail to perform its intended function. the patron may well be afraid that if they buy a car, the engine or other parts may malfunction. Social - this kind of risk pertains to a consumer's rank.
learn more about perceived risk: https://brainly.com/question/1369534
#SPJ4
The frito-lay plant applies a product focus strategy, which is appropriate for what type of producer?.
High-volume, low-variety products are ideal for what sort of manufacturer, the Frito-Lay facility uses a product focus approach.
A supplier's ability to offer a wide choice of BRANDS or PRODUCTS. The degree of market segmentation and the number of product variations offered by rival suppliers will determine how many variants of a product a supplier advertises.
When choosing product varieties, a company must think about how to position its brands to best serve its target market segments without creating an excessive number of brand overlaps in any one segment. It also needs to think about the additional costs of producing small volumes of numerous varieties, which results in a loss of standardization economies.
To know more about variety products
https://brainly.com/question/27728171
#SPJ4
The yields on municipal bonds are lower than other securities with similar ratings and terms for two reasons?
Because these bonds are issued by governmental bodies that have the authority to tax their constituents, Munis could also offer lower yields. These governments, however, are riskier than those that issue federal government bonds since they are unable to manufacture money or issue Treasuries like the federal government.
The United States is made up of 50 states, five large self-governing territories, many island holdings, and a city inside a federal territory (the city of Washington in the District of Columbia). The common government of the United States, a federal republic in North America, is often referred to as the United States federal government or the United States government. Legislative, executive, and judicial branches of the federal government make up what is commonly referred to simply as Washington. The president, the Congress, and the federal courts are each in charge of these branches, according to the U.S. Constitution. The tasks and responsibilities of these branches are further defined by acts of Congress.
learn more about federal government:
https://brainly.com/question/371257
#SPJ4
How is simple interest different from compound interest?
While compound interest is based on the principal and interest that accumulates over time, simple interest is based solely on the principal of a deposit or loan.
What distinguishes compound interest from simple interest?Simple interest is often a predetermined percentage of the principle amount borrowed or lent paid or received over a specific time period. Borrowers are required to pay interest on interest in addition to principal since compound interest accrues and is added to the accrued interest from prior periods.
What is the complete simple interest formula?The formula for calculating simple interest is SI = P R T, where P stands for principal, R for rate of interest, and T for time period. Here, the rate (r%) is expressed as r/100, where r% is the percentage rate. In the case of simple interest, the principal is the amount of money that does not change over the course of a year.
How is compound interest determined?In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
Learn more about compound interest and simple interest: https://brainly.com/question/26457073
#SPJ9
When using the ________ rule of decision-making, a consumer evaluates brands on the most important attribute, but specific cutoffs are imposed.
When using the conunctive rule of decision-making, a consumer evaluates brands on the most important attribute, but specific cutoffs are imposed.
A consumer is a person or a group who intends to reserve, orders, or makes use of bought goods, merchandise, or services mostly for personal, social, circle of relatives, household and comparable desires, not without delay associated with entrepreneurial or commercial enterprise activities.
Any character who purchases products or services for his personal use and not for manufacturing or resale is known as a customer. A patron is one who is the selection-maker whether or not or no longer to shop for an object at the store or a person who is prompted by way of commercial and advertising and marketing.
Residing things that must hunt, acquire and eat their meals are called purchasers. consumers have to devour to gain energy or they'll die. There are four sorts of purchasers: omnivores, carnivores, herbivores and decomposers.
Learn more about consumer here:https://brainly.com/question/380037
#SPJ4
An example of a financial market is the ________.
a) gdp deflator
b) market fiat
c) market nasdaq
d) stock market
e) liability market
Stock Market is an example of financial market. Thus option D is correct.
The term securities market refers to many exchanges during which shares of publicly held companies are bought and sold. Such financial activities are conducted through formal exchanges and via over-the-counter (OTC) marketplaces that operate under an outlined set of regulations. Both “stock market” and “stock exchange” are often used interchangeably. Traders within the exchange buy or sell shares on one or more of the stock exchanges that are a part of the securities market. The leading U.S. stock exchanges include the the big apple stock market (NYSE) and also the Nasdaq. Stock markets are components of a free-market economy because they permit democratized access to investor trading and exchange of capital.
Learn more about Stock market.
https://brainly.com/question/690070
#SPJ4
It+is+estimated+that+over+___________%+of+all+crashes+in+the+u.s.+are+caused+by+driver+distraction.
50% is estimated over the number of accident of all crashes in the u.s are caused by the driver distraction .
It is almost 50% because driving-related accidents usually involve the driver; if the driver is paying attention to something other than the road, there is always a high risk of an accident. As a driver, you should pay attention to the road, avoid using your phone, and never drive after drinking.
To learn more about driver's mistake checkout the link below : https://brainly.com/question/15882043
#SPJ4
Concert r charges an admission fee of $10.00 and $6.25 per souvenir brochure. concert s charges an admission fee of $13.00 and $5.75 per souvenir brochure. how many souvenir brochures must be purchased in order for the total cost at concert r and concert s to be the same?
6 souvenir brochures must be purchased in order. The correct answer would be an option (A)
What is the Linear equation?
A linear equation is defined as an equation in which the highest power of the variable is always one.
The slope-intercept form is y = mx+c, where the slope is m and the y-intercept is c.
For the functions, we have that:
The set-up fee is the admission fee.
The price per souvenir brochure is the slope.
Hence the functions are given by:
R(x) = 10 + 6.25x
S(x) = 13 + 5.75x
We have been given the total cost at Concert R and Concert S to be the same.
So
R(x) = S(x).
⇒ 10 + 6.25x = 13 + 5.75x
⇒ 0.5x = 3
⇒ x = 3/0.5
⇒ x = 6.
Therefore, 6 souvenir brochures must be purchased in order for the total cost at Concert R and Concert S to be the same.
Learn more about the Linear equations here:
brainly.com/question/2263981
#SPJ4
What are financial markets, where debt securities with maturities of one year or less are issued and traded, called? secondary markets
Financial markets, where debt securities with maturities of one year or less are issued and traded, are called money markets.
The Financial market is a prepared alternate marketplace in which individuals can lend and borrow short-time period, exquisite debt securities with common maturities of twelve months or less. It allows governments, banks, and different massive establishments to promote short-time period securities to fund their short-time period coins waft needs.
A Financial market is a marketplace wherein human beings alternate economic securities and derivatives at low transaction costs. Some of the securities consist of shares and bonds, uncooked substances, and treasured metals, which might be recognized withinside the economic markets as commodities.
Learn more about Financial markets here: https://brainly.com/question/13342660
#SPJ4
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a 5 percent return. How much can you withdraw each month during retirement assuming a 20-year withdrawal period?.
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account.
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a 5 percent return. How much can you withdraw each month during retirement assuming a 20-year withdrawal period.
step 1, find the future value of your deposits
Find fv of stocks, pmt=-1100, i=7/12, n=15*12=180, and compute fv=348658.53 as below
FV = PV[(1+r)^n - 1] / r
= 1100 [(1+0.005833333)^180 - 1 ]/ 0.005833333
= 348658.5264
Find fv of bond, pmt=-500, i=4/12, n=15*12=180, and compute fv=123045.24
FV = PV[(1+r)^n - 1] / r
= 500 [(1+0.003333333)^180 - 1 ]/ 0.003333333
= 123045.2441
This gives a total of 471703.77.
Use this fv as the new pv in 15 years and solve for payment. pv=471703.77, n=20*12=240, i=5/12, fv=0, and compute the pmt = 3113.04
PV = P [(1 - (1+r)^-n] / r
471703.77 = P [(1 - (1+0.004167)^ -240] / 0.004167
471703.77 = P * 151.5253
P = 471703.77 / 151.5253
P = 3113.036 i.e. 3113.04
Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees' incomes. Retirement is the most happiest thing to an employee in an organization .
Full retirement age is when an individual can collect the maximum amount of Social Security benefits, which is typically age 67 if you were born in 1960 or later. However, Social Security benefits are reduced for those who decide to retire early.
Learn more about retirement here
https://brainly.com/question/20751552
#SPJ4
95% of the fruits consisted of bananas, apples, and oranges. If oranges were twice as popular as bananas, and apples were 25 percentage points less popular than bananas, what are the percentages of each individual fruit
Apples, Oranges and Bananas comprise of 18.99%, 50.66% and 25.33% of the total fruits respectively
Let f be the total number of fruits available
Let b the number of bananas
Fruits that consist of bananas, oranges and apples = 95%
Oranges = 2*bananas
=2b
Apples = 75% of bananas
=0.75b
Formulating the equation we get:
b + 2b + 0.75b = 0.95f
3.75b = 0.95f
b = 0.95f/3.75
b= 0.2533
So bananas amount to 25.33% of the total fruit
Oranges in terms of total fruit= 2*25.33% = 50.66%
Apples in terms of total fruit = 0.75*25.33 = 18.99%
Hence, Apples, Bananas and Oranges comprise 95% of the total fruits.
Learn more about percentages:
https://brainly.com/question/24159063
#SPJ4
______ utilitarianism urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question.
Utilitarianism is a theory of morality that urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question.
What is meant by Utilitarianism ?
In the utilitarian theory of morality, activities that promote happiness or pleasure are encouraged, while those that result in sadness or injury are discouraged. An utilitarian philosophy would seek to improve society as a whole when used to guide social, economic, or political decisions.
According to utilitarianism, a course of action is morally correct if it makes the majority of the people in a society or a group of individuals happy.
To learn more about Utilitarianism checkout the link below :
https://brainly.com/question/14453548
#SPJ4
Last+year+rocco+corporation's+sales+were+$600+million.+if+sales+grow+at+6%+per+year,+how+large+(in+millions)+will+they+be+5+years+later?
Sales after 5 years could be $802.94million
Given here, the growth rate (r) = 6% or 0.06 and total corporation sales or production(P) = 600$ and time period (n) = 5years.
Now we calculate the Principal amount by the formula,
Principal amount (A) = P(1+r)ⁿ
= 600(1+0.06) ⁵
= 600(1.06) ⁵
= 802.94$
Thus, the sales after five year was 802.94 million dollars.
The principal amount is referred to that amount, which was borrowed from bank as loan or the amount currently are in the bank account itself.
Whereas the interest rate refers to the extra charges or fee amount that could charge along with loan together make the final amount. Loan could be applied to both loan amount or amount in savings account.
To learn more about interest rates, refer this link.
https://brainly.com/question/26247426
#SPJ4
The _____ authorizes the federal trade commission to restrict unfair or deceptive acts.
The federal trade commission is empowered to prohibit unfair or misleading practices under the Wheeler-Lea Amendment.
An American federal law from 1938 is known as the Wheeler-Lea Amendment. This Act makes an effort to combat the negative effects of deceptive and misleading advertising. Food, medication, medical device, and cosmetic misleading advertising is subject to oversight by the Federal Trade Commission.
The Federal Trade Commission Act was amended as a result of the Act. The Wheeler-Lea Amendment is frequently referred to as the Advertising Act. An amendment to Section 5 of the Federal Trade Commission Act known as the Wheeler-Lea Act of 1938 forbade "unfair or misleading acts or practices" as well as "unfair methods of competition." For infractions of Section 5 orders, it stipulated civil penalties.
Learn more about Wheeler-Lea Amendment here
brainly.com/question/28045224
#SPJ4
The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. True or false?.
The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts is a false statement.
What is trial balance?Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements. The debt balances are in one column and the other column consists of credit balances.It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.
It is prepared at various stages in an accounting cycle.
A company is supposed to prepare their trial balance periodically,which is usually at the end of reporting period.
The major purpose o the trial balance is to ensure whether the entries are mathematically correct in a company's book keeping system
The post-closing trial balance includes any revenues, expenses, or dividends, because these accounts are permanent accounts.
To learn more about trial balance, refer
https://brainly.in/question/1998284
#SPJ4
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?.
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. One of the benefits of using a trading company is that it facilitates all marketing aspects of a transaction.
The function of a trading company is to buy products from one country and sell it to another. A trading company has a firm knowledge and understanding of the various marketing aspects of different countries.
Manufacturer companies, like the one in which Stephanie is currently working, focus on making products but they do not have enough understanding of the various marketing aspects of different countries. These companies may be able to formulate strategies for selling their product in their own country but are not good at international marketing.
For such manufacturing countries, an association with a trading company can be helpful as a trading company will facilitate all the marketing aspects to other countries.
Although a part of your question is missing, you might be referring to this question:
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?
It negotiates with the government to get the best deals.
It handles all manufacturing services
It facilitates all marketing aspects of a transaction
It develops advertising campaigns for the advertising firm.
To learn more about international marketing, click here:
brainly.com/question/20860719
#SPJ4
Which pillar focuses on the ability to protect information, systems, and assets while delivering business value through risk assessments and mitigation strategies?
The security pillar protects data, systems, and assets while creating business value through risk analyses and mitigation techniques.
Business value is a management term that refers to all types of value that impact the company's long-term health and prosperity. Business value is an estimate of a company's health and prosperity based on the measurement of both tangible and intangible factors such as financial assets and utility, as well as employee, customer, supplier, and societal value.
The value of a business is calculated using a simple formula: assets minus liabilities. Your company's assets are any items of value that can be exchanged for money, such as inventory, real estate, or equipment. Liabilities are financial obligations incurred by a business.
Learn more about Business value here
https://brainly.com/question/24448358
#SPJ4
The method that does not necessarily produce a declining or constant pattern of depreciation over an asset's service life is:______.
The method that does not necessarily produce a declining or constant pattern of depreciation over an asset's service life is the units of production method.
What do you understand by the units of production method?
The unit of production method is a method of calculating the depreciation of an asset's value over time. It becomes useful when the value of an asset is more related to the number of units it produces than the number of years it is used. This method often results in larger depreciation deductions in years when the asset is heavily used, which can then offset periods when the equipment is used less.This method can be compared to time-based depreciation measures, such as the straight-line or accelerated methods.To learn more about the units of production method, refer to:
brainly.com/question/24173003
#SPJ4
Why is the amount of information involved a problem in calculating GDP? (Marketing Class.)
However, GDP has certain significant drawbacks, such as: non-market transactions are excluded. the absence of consideration for or representation of the severity of societal wealth disparity. the lack of information on whether or not the country's growth rate is sustainable.
It does not take into consideration who is generating, hence an economy could have one worker or be fully employed. It largely overlooks the black market, ensuring that production will always fall short of reality. GDP is the most challenging to quantify of all of these. Because it does not immediately take into account leisure, environmental quality, levels of health and education.
To learn more about GDP, click here.
https://brainly.com/question/28333466
#SPJ1
For which types of organizations is the fasb responsible for establishing accounting and financial reporting standards?
Establishing accounting and financial reporting standards for businesses and nonprofit organizations in the United States in accordance with generally accepted accounting principles (GAAP) is the responsibility of the Financial Accounting Standards Board (FASB), an independent nonprofit organization.
What is Financial Accounting Standards Board?
For both public and private businesses as well as nonprofit organizations, the Financial Accounting Standards Board has the power to create and interpret generally accepted accounting principles (GAAP) in the US. Companies, charity organizations, and governments should adhere to a set of standards known as GAAP when creating and presenting their financial statements, including any related party transactions. The FASB is acknowledged as the organization that sets accounting standards for public firms by the Securities and Exchange Commission (SEC). State accounting boards, the American Institute of Certified Public Accountants (AICPA), and other groups in the industry also acknowledge it.
To learn more about FASB
https://brainly.com/question/25655901
#SPJ4
Which account types are listed in order of permanence in a classified balance sheet?
Equity account types are listed in order of permanence in a classified balance sheet.
What is balance sheet?
A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
Therefore,
Equity account types are listed in order of permanence in a classified balance sheet.
To learn more about balance sheet from the given link:
https://brainly.com/question/2707508
#SPJ4
