3 years ago

How does gross income differ from net income?

1 answer:

6 0

When you have a gross income the expenses incurred are yet to be removed— it is just total sales less purchases. for net income the expenses are removed for the gross profit

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Shamrock Industries acquired two copyrights during 2020. One copyright related to a textbook that was developed internally at a

Reika [66]

Answer: Copyright 1 - $0

Explanation:

Copyright 1 shouldn't be reported on the balance sheet. This is because the cost with regards to internally developed copyright will have to be expensed. Therefore, copyrights 1 on the balance sheet will be $0.

Copyright 2 will be reported on the balance sheet with a value of $30000. The copyright's cost of acquisition will have to be capitalized.

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3 years ago

When a business is making its initial purchase of an item to be used to perform a new job at a shoe factory, it is known as a __

Veseljchak [2.6K]

Answer: governmental, institutional, and reseller purposes.

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3 years ago

Sheila loses her credit card and calls her credit card company to report the card stolen. Sheila's sister, Carmen, also loses he

SashulF [63]

D) sheila is not liable for unauthorized charges made on her card after she reports it stolen.

Also, the last sentence had a grammatical error. --> Past participle without an auxiliary verb.

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4 years ago

Siblings are considered "family" under the stock attribution rules that apply to stock redemptions.

harina [27]

Answer:

false

there is no ownership atribution between siblings, cousins, or a mother-in-law and son-in-law

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3 years ago

Suze says that YFB’rs are broke. She gives 10+ reasons why, what are 3 of the reasons of why they are broke?

zysi [14]

Suze named ten reasons why YFB’rs are broke. Below are three reasons she identified:

1) The company runs out of cash

2) The company is overpromising and undelivering

3) They invested much on products, thus having left with big inventory

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4 years ago