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Colt1911 [192]
3 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]3 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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The primary responsibility for fair and accurate financial reporting rests with the:
Nikitich [7]

Answer:

The correct answer is (D)

Explanation:

Financial reporting is a complex task which requires an expert to handle them accurately. Companies make many changes in the real data to slip from government taxes and they usually report losses. Auditors are the one responsible to find discrepancies in the financial reporting. So, the primary responsibility rests with the auditors for accurate financial reporting.

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3 years ago
What are some of the things that japan produces?
Shalnov [3]
Japan produces many things. They produce many popular video games, foods, and toys. 
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3 years ago
An outside supplier has offered to provide Maxter Corp with the 10,000 subcomponents at a $65 per unit price. If Maxter Corp acc
Irina18 [472]

Answer:

Option b ($150,000 decrease) is the correct answer.

Explanation:

Given:

Fixed manufacturing overhead,

= $65

Units,

= 10,000

According to the question,

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= 70\times 10,000

= 700,000 ($)

The expected cost will be:

= Fixed \ manufacturing \ overhead+(Units\times Purchase \ price)

By substituting the values, we get

= (65\times 10000)+200000

= 650000+200000

= 850000

then,

= 850000-700000

= 150000 ($)

Thus the above is the right answer.

3 0
3 years ago
Which commander's risk management responsibility attempts to minimize human error?
jolli1 [7]
The answer is <span>Ensure performance.
</span><span>Ensure performance is the responsibility to make sure that all members of your organizations do their parts collectively in order to achieve company's goals.
This could be done through various performance evaluation such as minimizing human error by obligating your employee to follow a certain system/guideline.</span>
4 0
2 years ago
A(n) ________ is a written agreement in which the owner of a piece of property allows an individual or business to use the prope
natka813 [3]

Answer:

Lease

Explanation:

A lease is a contractual agreement between a lessee and a lessor, where the lessee promises to pay the lessor for the usage of his assets. Here, the assets usually leased are properties, industrial or business equipments, buildings and vehicles and are used for a specified period of time in exchange for payments.

The lessee is the one making use of the assets, while the lessor is the one receiving value for the assets leased. Unlike a rent which payment is made regularly upon its expiration usually monthly, a lease is usually for a specified period of time.

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2 years ago
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