Answer: vertical analysis
Explanation:
Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.
Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.
Answer: $245
Supplies expense = Supplies purchased during the period - Ending balance of supplies on hand
= 370-125
= $ 245
The answer to your question is D
Answer: $2500
Explanation:
The American opportunity tax credit has to do with the expenses which is paid on qualified education for a student who's eligible and this is typically for the first four years.
A maximum annual credit of $2,500 can be gotten per eligible student. Since the modified AGI of $139,220 is less than $180000 which is the limit, then they'll be eligible for $2500.
Answer:
Dr Cash Account and Cr Income statement (i.e investment income)
Explanation:
This represents returns received on shareholding with Ferry Intercommunications.
This will credited as other income in the income statement and it will also increase the company's cash balance since it is a cash inflow.
