The typical relationship between retained earnings and net income/loss,tha Retained income represent the part of the net income of our organisation that remains after dividends have been paid on our shareholders.
The profits assertion is finished, the income discern from the time period is transferred to retained income inside the stockholder's fairness segment of the balance sheet. A net loss reduces retained profits; a net advantage will increase retained income.
The budgeting procedure lets an enterprise plan and prepare its budgets for a hard and fast length. It entails reviewing past budgets, identifying and forecasting sales for the coming period, and assigning amounts to spend on a enterprise's various prices.Feb 18, 2021
There are numerous extraordinary strategies to budgeting for businesses however those 4 kinds of budgets are the maximum generally used: incremental budgets, pastime-primarily based budgets, fee proposition budgets, and zero-primarily based budgets
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Answer:
they will actually experience 2 years of unemployment
Answer:
option (b) $4,200 gain
Explanation:
Data provided in the question:
Par value of outstanding bonds = $119,000
Carrying value of the bonds = $108,700
Price at which bond is called = $104,500
Now,
Gain on the retirement is calculated using the relation as;
Gain on retirement
= Carrying value of Bonds - Price at which bond is called
= $108,700 - $104,500
= $4,200
Since, the result is positive, therefore a gain will be recognized
Hence, correct answer is option (b) $4,200 gain
Key assets represent knowledge that your business has that is critical to the operation of your business. ... Basically, anything about your business that is essential to its core operation would be considered a knowledge asset.
Answer:
e. An "I Owe You" - just evidence of a debt owed.
Explanation:
AN IOU IS simply defined as a memorandum, promise or the acknoledgemet of an individual to refund or pay a debt,it can be signed especially in a paper stating the specific amount owed and usually bears the letters IOU (I OWE YOU).It cannot be stated as the same as a promissory note due to the fact that there is no direct expression of the promise to pay.