Anne Marie, the owner of Anne’s Beauty Salon, comes to see you again. She tells you that she has one more question for you. She told you that her accountant tried to explain to her the closing process in the accounting cycle. The more he talked, the more confusing it got. How would you explain the closing process to Anne Marie? She also asked about dividends. What are they? Will they increase expense?

answer; limited pay life;

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer; the nav calculated at the market close at 4: 00 pm new york time;

answer///video, because samuel can show his work in real time and be better understood;