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adell [148]
2 years ago
6

In a firm's income statement, interest payments on debt are deducted Blank______ corporate taxes are calculated, which Blank____

__ the firm's tax liability.
Business
1 answer:
seropon [69]2 years ago
6 0

<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>

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Answer:

Correct Option is (A) U=min{2B,P}

Explanation:

The solution and complete explanation for the above question and mentioned conditions is given below in the attached document.i hope my explanation will help you in understanding this particular question.

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2 years ago
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Marissa owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided
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Answer:

B) To remain competitive, companies must be prepared to add to or adapt their product lines to satisfy customer desires.

Explanation:

The fact that many consumers are complaining about the products that Marissa sold, means that her sales probably went down. When sales are down, any company is in big trouble.

In order to regain a competitive advantage, Marissa and other companies must be willing to offer the products or services that will satisfy their customers' needs.

About 100 years ago, companies sold what they produced and consumers' voices and needs were not important, but that was 100 years ago. Today, if you do not satisfy your consumers' needs and desires, you lose them immediately.

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3 years ago
Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuc
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Answer:

The journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

Explanation:

Raw materials of all kinds are measured at the start and recorded into a list plus account, with a credit to the accounts collectible account, and a debit to the raw materials inventory account.

The accounting treatment will vary when raw materials are consumed speculating on their standard as direct or indirect materials.

Thus, the journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

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3 years ago
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a form that instructs your broker to buy or sell a stock as you request, but ultimately at the best price available.
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<span>Investment that provides low-risk, moderate growth, and dividend investment opportunities. balanced fund. ... A form that instructs your broker to buy or sell a stock as you request, but ultimately at the best price available. market order.</span>
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3 years ago
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Bryne Co. Sells merchandise and collects a 5% state sales tax. The tax is recorded on Bryne's general ledger as a(n) ______ acco
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The state sales tax (5%) on sales of merchandise will be recorded on Bryne's general ledger as a <u>liability</u>.

<h3>What is a sales tax?</h3>

This is an imposed taxation that is based on the purchased price of products.

In United states, the sales tax varies from state to state because every state determines its rates unlike the general federal tax rate.

In conclusion, the sales tax on sales of merchandise will be recorded on as a liability because it is an outflow on his personal account.

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