All categories

2 years ago

Which are 3 common misconceptions users of an income statement may have?

1 answer:

3 0

The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.

One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.

To learn more about income statement here

brainly.com/question/28035395

#SPJ4

You might be interested in

The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys s

Mama L [17]

Answer:

GDP [Expenditure Approach] is $7,040, Depreciation is $920

Explanation:

The formula for calculating GDP [Expenditure Approach] is Consumption expenditure + Investment + Government expenditure + Exports − Imports

Mathematically,

Y = C + I + G + (X − M)

Where C = $7,000, I = $160, G = $180, (X-M) = -$300

Y = 7000 + 160 + 180 - 300 = $7,040

GDP [Expenditure Approach] is $7,040

Depreciation = GDP - NDP

NDP = wages + profits + interest + rent + net factor income of unincorporated businesses

Where wages = $5,900, profits + interest + rent = $220, net factor income from abroad = $0

NDP = 5900 + 220 + 0 = $6,120

Applying Depreciation = GDP - NDP, we have:

Depreciation = 7040 - 6120 = $920

N.B: The depreciation is a measure of the statistical discrepancy between the GDP and NDP

7 0

3 years ago

Please help. I will mark you as brainliest !!!

Liono4ka [1.6K]

The value of cars produced by a Japanese company are part of United States Gross Domestic Product (GDP) as long as the cars are produced in a factory located within U.S. territory.
The reason why is that GDP includes the final value of all goods and services produed within a country, during a specific period of time (usually a year). If the cars are produce in U.S. territory, they are counted as part of U.S. GDP, even if the company is from Japan or any other country.

3 0

3 years ago

What are the problems the publishers face

Elina [12.6K]

Publishers face the economy’s choices in products they want/need and on how the ways of selling it and where to sell it

4 0

3 years ago

A corporation ran an ad which showed environmental experts praising its social initiatives. The ad encourage readers to visit it

slamgirl [31]

Answer:

institutional copy.

Explanation:

In the scenario described above, the institutional copy style was used, which can be defined as a type of advertisement whose objective is not to sell a product or service, but rather to promote the selling company through its policies, philosophies and objectives, with the objective of strengthening and creating its reputation so that customers are aware of their values and reputation, generating recognition and prestige.

This is what the company analyzed in the above question did by running an ad that shows environmental experts praising its social practices and encouraging readers to access its website and learn about its positive environmental practices

7 0

3 years ago

__________________________ address the problem of economic growth by continually striving for a more educated workforce that can

pashok25 [27]

Technological leaders address the problem of economic growth by continually striving for a more educated workforce that can create, invest in and apply new technologies.

Technology is the result of accumulated knowledge and the application of skills, methods and processes used in industrial production and scientific research.

Technology is the way scientific knowledge is applied to practical purposes. It includes not only machines (such as computers), but also technologies and processes (such as how computer chips are made).

Technology is changing the world with the introduction of tools such as the Internet and e-mail for communication, word processing, spreadsheets and presentations for office productivity, electronic databases for record keeping, robots and artificial intelligence. It has evolved and shaped our workplace. automation.

Learn more about technologies here:brainly.com/question/25110079

#SPJ4

8 0

1 year ago