Answer: All of these choices are correct.
Explanation:
Tangible benefits are benefits that can easily be measured by an individual such as: cash and property while Intangible benefits are those benefits that can't easily be measured in units such as: security, experience, satisfaction.
Explanation:
The preparation of the year-end 2022 income statement for Crane Co.is shown below:
Crane Co.
Income statement
For the year 2022
Revenue
Service revenue $63,500
Total revenues $63,500 (A)
Less: Expenses
Advertising expense $1,800
Rent expense $10,000
Utilities expense $2,300
Salaries and wages expense $25,300
Total expenses $39,400 (B)
Net income $24,100 (A- B)
<span>The velocity of money is not the money supply divided by nominal gdp, nor the long-term growth rate of the money supply. It is not the rate at which the fed puts money in the economy but it is the average number of times per year a unit of money (dollar) is spent. </span>
Answer:
A) FIFO costing method
B) LIFO cost method
Explanation:
Pinkie copy center income tax expense ending December 31
Average cost FIFO LIFO
Sales revenue 13860 13860 13860
Cost of goods sold 6300 6246 6363
Gross profit 7560 7614 7497
Operating expense 4000 4000 4000
Net income before tax 3560 3614 3497
Income tax expense 1424 1446 1399
Net income 2136 2168 2098
