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Xelga [282]
3 years ago
11

An analysis in which all the components of an income statement are expressed as a percentage of net sales is called blank_______

____ .
Business
1 answer:
KATRIN_1 [288]3 years ago
7 0

Answer:

Common Size Income Statement

Explanation:

In a common size income statement, each line item of the Income statement is expressed as a percentage of the sales amount for that period.

This helps in comparing performance of companies in different sectors or industries.

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Answer:

The journal entry for the issuance and the proceeds of the note is shown below:

Explanation:

Cash A/c.........................Dr   $600,000

    Notes Payable A/c......Cr  $600,000

The givens company received a amount of $600,000 from the bank, so cash is increasing and increase in cash is debited. Therefore, the cash account is debited. Whereas, the cash against a note payable, which increases the liability and any increase in liability is credited. Therefore, notes payable is credited.

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The making of the movie Waterworld cost a total of $180 million. It generated a total of $130 million in revenues. $70 million w
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Explanation:

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company has bonds outstanding with a par value of $110,000. The unamortized premium on these bonds is $2,585. If the company ret
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