All categories

2 years ago

For the following year, show how the following amounts should be reported on the financial statements:

Business

1 answer:

Alexxx [7]2 years ago

6 0

Income statement, statement of stockholders' equity, balance sheet, statement of cash flows.

Financial statements are compiled in a specific order due to the fact information from one statement contains over to the next assertion. The trial stability is the first step within the method, followed by means of the adjusted trial balance, the income statement, the balance sheet and the statement of owner's equity. The financial statements ought to be prepared within the following order earnings statement, retained earnings statement, balance sheet and statement of coins flows.

Balance sheet is prepared as of a specific date while Income statements, retained earnings statement, and a statement of cash flows are all for a period of time such as a month.

A complete set of financial statements comprises: a statement of financial position as at the end of the period; a statement of profit and loss and other comprehensive income for the period.

Learn more about Stockholder here:-

brainly.com/question/1222491

#SPJ4

You might be interested in

George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufactu

ale4655 [162]

Answer:

$256,284

Explanation:

The computation is shown below:

First, Calculate the predetermined overhead rate per hour which equals to

= (Estimated manufacturing Overhead cost ÷ estimated machine hours)

= ($235,900 ÷ 20,800 hours)

= $11.34 per hour

So, the applied overhead or manufacturing overhead allocated equals to

= Predetermined overhead rate per hour × actual machine hours

= $11.34 per hour × 22,600 hours

= $256,284

4 0

3 years ago

What do you hope to gain from the course of economic development?

Slav-nsk [51]

Explanation:

An economics degree gives you a high level of mathematical and statistical skills and the ability to apply economic principles and models to problems in business, finance and the public sector. ... numeracy - handling complex data and techniques of mathematical and statistical analysis. problem-solving. analytical skills

8 0

3 years ago

If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely:________

Soloha48 [4]

If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely decrease.

<h3><u>What is supply?</u></h3>

A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers.
When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.
This is strongly related to the demand for an item or service at a particular price; all other things being equal, the supply offered by producers will increase if the price rises because all businesses aim to maximize profits.

Trends in supply and demand are what underpin the modern economy. Based on price, utility, and personal choice, any particular commodity or service will have its own unique supply and demand patterns.

Know more about supply with the help of the given link:

brainly.com/question/13296654

#SPJ4

7 0

2 years ago

We know that the longer a person saves, the more time their savings have to compound and grow. Given that fact, why do you think

vivado [14]

Answer:

The illusion of time

Explanation:

This is because younger people think that they have time to save up later; that if they spend now, they can always make up for it later. On the other hand, older people know that they don't have much time (comparatively) to save money as they did before, so saving money becomes a bigger deal for them.

5 0

3 years ago

Procter & gamble is well known for its use of __________ branding because every product in p&g's portfolio has a differe

taurus [48]

Answer:

Individual branding

Explanation:

Procter & gamble is well known for its use of individual branding because every product in p&g's portfolio has a different brand name.

Individual branding can be defined as a market strategy in which every products sold by a firm has its own unique brand name. Individual branding can also be called "multibranding", "individual product branding", and "flanker brand".

Firms utilizes individual branding strategy in order to target different market segment. Individual branding helps to protect the other products produced by a company if one of them fails.

Each brand produced has a unique identity and name even though they are produced by the same firm. This allows the firm to to separate the image and reputation of each product and fix a different price for each product.

8 0

3 years ago