1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mademuasel [1]
1 year ago
13

Which financial statement is prepared last? a. statement of owner's equity b. income statement c. balance sheet d. the financial

statements can be prepared in any order.
Business
1 answer:
viva [34]1 year ago
6 0

Income statement financial statement is prepared last. An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame. You may better comprehend your company's financial situation by comparing the income statement to the balance sheet, cash flow statement, and cash flow forecast.

An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss statement. One of the more crucial financial figures you might examine for a company is the income statement.

To learn more Income statement, click here.

brainly.com/question/14308954

#SPJ4

You might be interested in
Frank noticed that Anna missed making their monthly sales quotas at a large auto dealer. He thinks this happened because she lac
masha68 [24]

Answer: Fundamental attributional error.

Explanation:

Frank is making a fundamental attributional error when judging the cause of Anna's inability to meet sales target. Frank is blaming her failure based on her character rather than on the real reason which is the attractive sales offer of their competitors. Fundamental attributional error is an error which arises from judging a person's action based on their character without considering other possible external causes.

8 0
3 years ago
Milani, inc., acquired 10 percent of seida corporation on january 1, 2017, for $190,000 and appropriately accounted for the inve
Natalija [7]

The 2018 journal entries for Milani<span> related to its investment in </span>Seida<span> are its share in net income and share in dividends. The investment in considered as investment in associate since there is already the significant influence in </span>Seida. These are the journal entries: 

 

<span>Investment in </span>Seida                                                             12,0000 

<span>       Share in net income of </span>Seida<span> ($30,000 x 40%)                            12,000</span> 

               #

Cash ($110,000 x 40%)                    44,000 

<span>        Investment in </span>Seida                                   44,000<span> </span>

<span>               #</span>

6 0
2 years ago
Leather ShopLeather Shop earned net income of $57,000 after deducting depreciation of $5,000 and all other expenses. Current ass
slavikrds [6]

Answer:

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

Net Operating Income

Add: Depreciation

Add: Decrease in current assets

Add: Increase in Current Liabilities

Using the information in question, we have

Cash Provided by operating activities = $57,000 + $5,000 + $4,000 + $9,000 = $75,000

None of the above is the right answer as the correct option is not available.

8 0
2 years ago
Suppose that Greece and Germany both produce oil and shoes. Greece's opportunity cost of producing a pair of shoes is 5 barrels
Mila [183]

Answer:

1. Greece, Germany

2. 2.2 barrels of oil, 0.45 pairs of shoes

3. d. 10 barrels of oil per pair of shoes

Explanation:

a) Data and Calculations:

To produce a pair of shoes costs Greece 5 barrels of oil

To produce a pair of shoes costs Germany 11 barrels of oil

b) This means that it costs Germany more than Greece to produce a pair of shoes, and Germany produces a lot of oil to the extent that she is willing to exchange her 11 barrels of oil for a pair of shoes while Greece can only exchange 5 barrels of oil for a pair of shoes.

8 0
2 years ago
Designing an initial marketing strategy for a new product based on the _____ is called marketing strategy development
Aleks [24]

Answer:

b. product concept

Explanation:

3 0
3 years ago
Other questions:
  • If the branch office of a real estate firm maintains a separate clients' trust account, it must also
    8·1 answer
  • Which of the following statements about the income statement is false? a. The single-step format groups all income items togethe
    10·1 answer
  • What determines how the burden of tax is divided between buyers and sellers? Why?
    9·2 answers
  • 1. Organize around outcomes, not tasks. 2. Identify all the organization’s processes and prioritize them in order of redesign ur
    6·1 answer
  • Which of the following is NOT the quantity theory of money
    13·2 answers
  • ​Nathan's budget line measures tacos on the x​-axis and side salads on the y​-axis. When the price of a taco​ rises, Nathan's bu
    12·1 answer
  • Gross income minus any adjustments, deductions, and exemptions is known as___. A.adjusted gross income. B.federal income. C.gros
    12·2 answers
  • Congratulations! You were the 10th caller on the KMTH morning show and you just won $3,000.00. After you calm down, you decide t
    9·1 answer
  • Jarett &amp; son's common stock currently trades at $30.00 a share. it is expected to pay an annual divident of $1.00 a share a
    5·1 answer
  • Balance Sheet
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!