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allochka39001 [22]
2 years ago
5

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

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Bob Wesley believes that structural unemployment should be eliminated in order for an economy to be healthy. In making this​ arg
Sav [38]

Answer:

B. structural unemployment will exist in an economy that is innovative

Explanation:

Based on the information provided within the question it can be said that the relevant issue he is ignoring is that structural unemployment will exist in an economy that is innovative. This is because innovative economies tend to constantly be going through industrial change to implement the new innovations, this causes a need for only individuals that are specifically skilled and leaving unemployed the people who are not.

8 0
3 years ago
What type of a goal is graduating from college in four years?
eimsori [14]

Answer:

Explanation:

Any goal it's your opinion to be a successful person. Just never give then you will get it.

8 0
3 years ago
Read 2 more answers
Product sales: 1,000 units at $10 eachVariable manufacturing costs: $5.50 per unitFixed manufacturing overhead: $1,200Variable s
raketka [301]

Answer:

The correct answer to the following question is option C)  $1800.

Explanation:

Given information -

Product sales - 1000 units

Sales price - $10

Variable manufacturing cost - $5.50 per unit

Fixed manufacturing overhead - $1200

Variable selling and administrative costs - $.50 per unit

Fixed selling and administrative cost - $1000

Units produced - 1200 units

Manufacturing contribution per unit = Sales price per unit - Variable              

                                                                                manufacturing cost per unit

= $10 -$5.50

= $4.50

Manufacturing contribution margin -

Number of units sold x manufacturing contribution per unit

= 1000 x $4.50

= $4500

While the contribution margin per unit -

$4.50 - $.50

= $4

which means the total contribution margin would be 1000 x $4

= $4000

And now subtracting Fixed manufacturing overhead and Fixed selling and administrative costs from the total contribution margin to get the operating income -

$4000 - $1200 - $1000

= $1800

3 0
3 years ago
The government of an Asian country allows its currency to nominally float freely against other currencies, but the government ha
Elena L [17]

Answer: Dirty float system.

Explanation:

The dirty float system is also knowns as "managed float".

It is a floating exchange rate in which the central bank of a particular country steps in occasionally to alter the pace at which the country's currency change value. In this system, the central bank acts to prevent external economics shock and guide against its disruptive effect on the domestic economy.

4 0
3 years ago
Which of the following entries would be made to record $20,800 of labor-80% of which is direct, and 20% of which is indirect-to
Andrei [34K]

Answer:

Option C

Explanation:

Entry:                                            DEBIT         CREDIT

Work in Process Inventory        16,640

Manufacturing Overhead(w)      4,160

Wages Payable                                                 20,800

Working: Manufacturing Overhead = 20,800 x 40% = $4,160

Note: In order to find out the work in progress and manufacturing Overhead we will consider sum of all direct cost as Work in progress and allocate the sum of indirect to Manufacturing Overheads.

8 0
3 years ago
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