Traditional format income statements are prepared primarily for external reporting purposes. true /false

Social Studies

1 answer:

Sholpan [36]2 years ago

4 0

Traditional format income statements are prepared primarily for external reporting purposes are true.

<h3>What is income?</h3>

Income is the money that an individual or organization receives in return for their services or goods. Depending on the context—such as taxation, financial accounting, or economic analysis—income may have a variety of definitions. For the majority of people, their total earnings include their wages and salaries, investment returns, pension payments, and other receipts. There is no one, universal definition of income; rather, the concept is defined in accordance with the context in which it is used. For businesses, income refers to the revenues from selling services and products as well as any interest and dividends received in relation to their cash accounts and related reserves.

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Answer:

He technically had two divorce which one the first or the second?

Explanation:

The first divorce was of Kathrin of Argon, she was married to him when he fell in love with the youngest of the six wives Anne Bolyne. he loved her so much but could't divorce Kathrin because it was a sin so he made a new curch and got divorced there.

for the seconf divorce it was with Anna of Cleaves, im not so sure about sorry for that.

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3 years ago

If a social theorist is asked to explain why people in different occupations have different income levels, he might argue that t

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Answer:

Conflict theory

Explanation:

In sociology, conflict theory states that society is in a permanent conflict because of competition for resources.

Conflict theorists focus on inequality and power, saying that society creates inequality conditions for people and this, in the long term, generates insatisfaction and social conflicts.

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From the people who have more power and dominance and thus, they are the ones who maintain social order by creating arrangements perpetuating these differences.

In the example, the social theorist is asked to explain why people in different occupations have different incomes and he says that this is an unfair arrangement that has been created by people with more power.

So, first, this theorist focuses on power, then he mentions the inequality on incomes has been created by this people who have more power. Therefore, we can conclude that this social theorist is most likely to adhere to the conflict theory

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