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Colt1911 [192]
4 years ago
12

The Income Statement is also known as the company's financial condition at a specific point in time. A : True B : False

Business
1 answer:
sukhopar [10]4 years ago
3 0

Answer:

A : True

Explanation:

  • The income statement is also called as a profit and a loss statement and is called a revenue statement and is transformed into the net income and the net profits and is to show the managers and the investor whether the company is making a profit and represent over a period of time.
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Which of the following transactions causes a decrease in stockholders’ equity?
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Answer:

A. Paying advertising expense for the current month.

Explanation:

The decrease in stockholder equity would be affected when the adverting expenses are paid as this transaction decrease the cash balance of the current asset account plus the retained earning balance also decreases as the expense amount is deducted from the income earned

The other transactions which are given are not decreased the stockholder equity so it would not be effected at all.

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Answer:

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Explanation:

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(I hope it helps ! )
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Jim is in the market for a car that will last for the next 10 years and has saved up some money for the porpuse of a car. Whatst
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While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good
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Answer:

Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions can be regarded as decision which involves well understood criteria when making it,. nonprogrammed decisions on the other hand can be explained as decisions which are novel, they are decision that does not have clear guidelines when trying to reach solution. rules as well as guidelines can be set up for programmed decisions by Managers when known fact is available because this will enhance in reaching

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