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Dafna1 [17]
1 year ago
7

the four basic financial statements are: multiple choice income statement, sheet of retained earnings, balance statement, and st

atement of cash flows. income statement, statement of earnings, balance statement, and statement of cash flows. income sheet, statement of retained earnings, balance sheet, and statement of cash flows. income statement, statement of retained earnings, balance sheet, and statement of cash flows.
Business
1 answer:
Aleksandr [31]1 year ago
5 0

The four basic financial statements are: C. income sheet, statement of retained earnings, balance sheet, and statement of cash flows.

<h3>The four basic financial statements.</h3>

In Financial accounting, there are four (4) basic financial statements and these include the following:

  1. Income sheet
  2. Statement of retained earnings
  3. Balance sheet
  4. Statement of cash flows

<h3>What is an income statement?</h3>

An income statement can be defined as a type of financial statement which is typically used by an entrepreneur or business firm to record the amount of money (revenues) that are entering or flowing into the business.

<h3>What is a statement of cash flows?</h3>

A statement of cash flows is also referred to as cash flow statement and it can be defined as a type of financial statement which illustrate how changes in income and various account of the balance sheet affect cash and other cash equivalents.

Read more on cash flows here: brainly.com/question/24299919

#SPJ1

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5) You purchased a 3D printer for $60,000 that you expect to print 12,000 parts over its lifetime. You printed 2,000 parts in th
Iteru [2.4K]

Answer:

Depreciation for the first year is $10,000

Explanation:

Unit production method is the depreciation method which is based on the output per year of the asset. The asset is depreciated by the ratio of the output for the year to the output expected over whole useful life.

Cost of printer = $60,000

Expected output = 12,000 prints

Prints in the first year = 2,000

Depreciation for the year = Total cost x output for the year / expected output over useful life

Depreciation for the first year = $60,000 x 2,000 / 12,000

Depreciation for the first year = $60,000 x 1/6

Depreciation for the first year = $10,000

4 0
3 years ago
Education benefits both students and the community. Suppose that those students who purchase education consider only their own b
nikdorinn [45]

Answer:

The correct answers are: greater; below

Explanation:

Education is a public good and a human right from which no one should be excluded. To conceive it as a right and not as a service, requires the State to ensure a compulsory and free education to all citizens, because the rights are not bought or traded, UNESCO establishes and defends.

However, the general benefit of education is greater than the sum of benefits that it provides to each individual. In this sense, four positive externalities are identified: (a) Individuals with more education, charge more and pay more taxes. (b) Kangaroo effect: the State from a young age takes care of the children and therefore, the woman can go to work and produce more income. (c) Production externality: an individual with more education will produce more production and therefore more income. (d) Cultural externality: a community with a strong cultural base can contribute to fostering values ​​such as tolerance and increasing social cohesion, contributing to the reduction of social conflict.

8 0
3 years ago
Gaming the gamers case study answers
UNO [17]
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3 0
1 year ago
John is considering a purchase of a new Toyota that costs $20,000 at a local dealership. John estimates the annual cost of maint
kotegsom [21]

Answer:

John's estimated cost of owning and driving the car for three years is $17,500

Explanation:

The computation of the estimated cost for the three years is shown below:

= Purchase cost of Toyota + (annual cost of  maintenance, registration, insurance,  and gas × Number of years) - selling cost or scrap value

= $20,000 + ($1,500 × 3) - $10,000

= $20,000 + $7,500 - $10,000

= $27,500 - $10,000

= $17,500

The selling cost should be deducted so that accurate value can come and the annual cost is given for one year only but we have to compute for the three years so we multiply it by three years.

3 0
3 years ago
What conclusions can be reached about the airline industry using the five forces framework?
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To maintain steady profitability, the mega-airlines must work tirelessly. Supporting actors like airports and aircraft vendors are quite lucrative. The study examines the dynamic forces of competition and shows that strategy management of the competitive tensions is essential. Competition is shown to embody the ability to appropriate value.

Research also shows that fundamental competitive forces dictate the industry's level of intensity, and that an organization's choice of strategy can change the influence of these forces to its advantage. A series of realistic assessments of what is good and bad about present industry thinking and practises form core of the study.

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3 0
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