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alukav5142 [94]
1 year ago
15

When using the indirect method, adding an increase in an account such as Wages and Salaries Payable to net income eliminates the

effect of recording Wages and Salary Expense that _____ this period.
Business
1 answer:
antiseptic1488 [7]1 year ago
3 0

When using the indirect method, adding an increase in an account such as Wages and Salaries Payable to net income eliminates the effect of recording Wages and Salary Expense that <u>according </u>this period.

<h3>What is net income?</h3>

Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.

  • Revenues less costs, taxes, and interest equal net income (NI).
  • NI is used to compute earnings per share.
  • Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.
  • In addition, after deducting taxes and deductions from gross income, NI is a person's total income or pre-tax income.

To learn more about net income from the given link:

brainly.com/question/22739980

#SPJ4

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viktelen [127]

The channels through which advertising is carried to prospective customers are advertising is: advertising media.

<h3>What is advertising?</h3>

Advertising can be defined as the way of creating product awareness so as to generate sales.

Hence, Advertising media tend to play an important function when it comes to creating product or brand awareness based on the fact advertising media is a channels through which advertising is carried to prospective customers.

The complete question is:

The channels through which advertising is carried to prospective customers; includes newspapers, magazines, radio, television, outdoor advertising, direct mail, social media, and the internet.

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5 0
1 year ago
True or False. For consumers, a credit card offers convenience.
evablogger [386]
True Because you just swipe the card and the pay your bills
6 0
3 years ago
A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in
Leni [432]
A natural monopoly, such as a local electricity provider, is the result of long run average total costs declining continuously as output increases. The correct option among all the options that are given in the question is option "3". The initial cost of power generation and power distribution cost is high. Once the generation starts and the number of consumer increases, the average cost starts declining.
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For a company using target costing, market price minus profit equals target price.
Sav [38]

Answer:

The answer is false

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6 0
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A lender checking Jason's credit score for an auto loan would likely notice that...
TiliK225 [7]

When a lender checks the credit score of Jason for an auto loan, they would most likely notice that <u>b. He </u><u>paid off </u><u>a</u><u> car loan </u><u>after making</u><u> every payment</u><u> for 4 years. </u>

Lenders checking credit scores:

  • Usually pay more attention to related loans
  • Only bother with the credit score of the person in question not their relatives

The loan is for a car or an automobile of some sort so the lender will be looking for related loans in Jason's history. They will therefore most likely notice the car loan that was paid off.

In conclusion, a lender for an auto loan will most likely notice an auto loan history.

Options for this question include:

a. His savings account has more than $3000 in it

b. He paid off a car loan after making every payment for 4 years

c. When he stopped paying his credit card for 3 months 9 years ago

d. The credit scores of his family, including his parents and his wife if he is married

<em>Find out more at brainly.com/question/14805575. </em>

3 0
3 years ago
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