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alisha [4.7K]
1 year ago
14

Explain the difference between (b) Expenses and losses.

Business
1 answer:
Sunny_sXe [5.5K]1 year ago
4 0

The primary distinction between expenses and losses is that costs are incurred in order to produce income, whereas losses are often associated with any other activity. the sale of an asset with a long lifespan for less than its book value. a negative verdict in a lawsuit brought against the business.

The cancellation of bonds that are payable at a cost higher than their carrying value An expense is a business's operational cost incurred to produce income. It may deduct tax-deductible expenses on its income tax returns. Either the cash basis approach or the accrual method is used by accountants to record expenses.

To learn more about expenses, click here.

brainly.com/question/14514813

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On January 1, Collins Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declare
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Answer:

Total Stockholders' equity was affected.

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Stock dividend refers to distributing shares free of cost among the existing shareholders. Such a dividend does not result in resources flowing out of the entity but merely reassign amounts from retained earnings to other equity accounts. Thus, such a dividend does not affect the total equity of the stockholders. This can be seen through the following entry,

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3 years ago
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3 years ago
The ratio of cash to monthly cash expenses can be used to _____. a.assess how long a company with negative cash flows from inves
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Answer:

The correct option is C. which is <em>assess how long a company with positive cash flows from financing activities can continue to operate</em>

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The formula of The ratio of cash to monthly cash expenses

= Cash s of year end ÷ Monthly Cash Expenses

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