Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000), Building ($15,000), Land ($50,000), Equity ($50,000), and Loan payable ($10,000). An accountant prepares a Trial Balance, and it does not tally due to an unknown error. Which amount would the accountant record in a suspense account? A.
$12,000
B.
$11,000
C.
$13,000
D.
$9,000
E.
$10,500

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.