Answer:
$929,000
Explanation:
Calculation for the amount that Concord should report as inventory at the end of the year
Using this formula
Inventory=Ending physical inventory+Goods in transit+Goods out on consignment
Let plug in the formula
Inventory=$783,000+$55,000+$91,000
Inventory=$929,000
Therefore the amount that Concord should report as inventory at the end of the year will be $929,000
Answer:
revenue streams, cost structure, and financing/funding
Explanation:
<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>
<h3>Income statement: What is it?</h3>
An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.
<h3>What is displayed on a firm's income statement?</h3>
The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
learn more about firm's income statement here <u>brainly.com/question/14733237</u>
<u>#SPJ4</u>
