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aksik [14]
2 years ago
8

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.

To learn more about income, visit:

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3 years ago
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Answer: D. The Federal Reserve Bank can provide a short-term loan to banks to prevent them from running out of money.

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3 years ago
________ are those that use outdated and obsolete technologies or employ low-wage workers with few skills.
tekilochka [14]

Sunset industries are those that use antiquated and outmoded technology or use low-paid, unskilled labor.

A sunset industry is one that has reached its peak or boom and is now in decline. One such instance is the replacement of analogue recording technologies for audio or video by digital counterparts. Although analogue equipment is still available, sales have dropped significantly and are not anticipated to increase, leading to the labeling of this business area as a "sunset industry." Since they continue to be vital sources of employment, many nations attempt to maintain their own sunset industries. Protectionist measures are used to halt the decrease while sunrise industries grow.

Sunset Industries is an expert in the materials, tight tolerances, and complex manufacturing processes. In a time when many machine shops have attempted to cut costs by hiring "machine operators," Sunset Industries has maintained talented machinists who take joy in every element of the products they make.

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5 0
2 years ago
What was the purpose of the American System?
tiny-mole [99]
Im pretty sure it would be D because <span>he South didn't industrialize. Their economy was based on cotton, tobacco, and slaves. So they had to import almost everything, and thus they payed more in tariffs than any other section.</span>
3 0
3 years ago
Read 2 more answers
Write the advantage of tourism in nepal.​
Maslowich

Answer:

Tourism is very important for the government revenue in the country of Nepal. The government earns revenue from tax and visa.

Explanation:

It can boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens.

Hope it helps..

7 0
2 years ago
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