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aleksley [76]
3 years ago
5

If a material event is either unusual in nature or an infrequent occurrence—such as a one-time charge resulting from a major res

tructuring—it may be classified on the income statement as a special or unusual item in continuing operations or treated as an extraordinary item if it has been a number of years since the company’s last major restructuring.
a. True
b. False
Business
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:

False

Explanation:

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Identify each of the following as Asset, Liability, or Equity.
adoni [48]

Answer:

a. Accounts Payable <em>Liability</em>

b. Cash <em>Asset</em>

c. Common Stock <em>Equity</em>

d. Accounts Receivable <em>Asset</em>

e. Rent Expense <em>Equity</em>

f. Service Revenue <em>Equity</em>

g. Office Supplies Asset

h. Dividends <em>Equity</em>

i. Land <em>Assets</em>

j. Salaries Expense <em>Equity</em>

Explanation:

<em><u></u></em>

<em><u>Assets:</u></em>

The assets will be the property, plant and equipemnt owned by the company or the right or claim it has on third party to provide cash in favor of the company (accounts receivables) or services ( prepaid insurance)

<em><u>Liabilities:</u></em>

Will be debt or obligation to do taken from the company in exchange of soemthing

<em><u>Equity:</u></em>

The equity will represent the investment of the owner plus the accumualted earning thus, the revenus and income have impact on equity.

3 0
3 years ago
There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f
kirza4 [7]

Answer:

what in th world

Explanation:

7 0
4 years ago
Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45
irakobra [83]

Total cost of 10000 snowboards

Per unit Total

Direct material 100 1000000

Direct Labor 30 300000

Variable overhead 45 450000

Fixed overhead 635000

Fixed selling and administrative costs 115000

Total cost of 10000 snowboards 2500000

Cost of one snowboard = Total cost of 10000 snowboards / Total number of snowboards

Cost of 1 snowboard $ 250

Thus, the cost of 1 snowboard = $ 250

Now, the selling price is set as = Total costs + 15 % on total costs

Selling price = $ 250 + (15 % × $ 250)

Selling price = $ 250 + $ 37.50

Selling price = $ 287.50 per snowboard

8 0
4 years ago
Who made among us?
nataly862011 [7]

Answer:

InnerSloth

Explanation:

June 15, 2018

5 0
3 years ago
A customer relationship management (CRM) system contains the names and phone numbers of customers. Such things stored in a CRM s
Lunna [17]

Answer:

Data

Explanation:

According to my research on customer relationship management, I can say that based on the information provided within the question things stored in a CRM system are part of the Data component. This is because it is data being stored in order for the system to be able to function correctly by accessing that data on command.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
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