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natita [175]
3 years ago
10

"when you buy a piece of equipment for a company, what is the impact on the three financial statements?"

Business
1 answer:
Dvinal [7]3 years ago
5 0

There are three main financial statements that can be affected by buying a piece of equipment for a company.

They are: (1) balance sheets; (2) income statements; and  (3) cash flow statements

Balance sheets show what a company owns and what it owes at a fixed point in time so buying a piece of equipment will show an increase in the  company’s assets and decrease in cash  Income statements which shows how much money a company made and spent over a period of time will report an increase in the expenses resulting to a lower net income.  

Cash flow statements which show a decrease in net cash due to buying of the equipment.

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Answer:

<h2><u>Credit Card Statements</u></h2><h2><u>Tax Returns </u></h2><h2><u>Bank Statements</u></h2>

Explanation:

<em>Hope this helps :)  </em>

<em>Pls make brainliest :3  </em>

<em>And have an amazing day <3</em>

4 0
3 years ago
Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.
Lemur [1.5K]

Answer:

His American Opportunity tax credit is $2,500.

Explanation:

A taxpayer who has a modified adjusted gross income of $80,000 or less can claim the credit for the qualified expenses of an eligible student.

Taxpayers will receive a tax credit based on 100% of the first $2,000, plus 25% of the next $2,000 that is paid during the taxable year for tuition, fees and course materials and also, 40% of the credit (up to $1,000) is refundable.

Therefore, His American Opportunity tax credit is $2,500.

6 0
2 years ago
Dawson states that he is Chairman of the Board and the Chief Executive Officer of the company. This makes him:
Kobotan [32]

Answer:

The head of the company

Explanation:

Chief execute officer of a company is the highest-ranking executive in a company, whose primary responsibilities include making major corporate decisions, managing the overall operations and resources of a company, acting as the main point of communication between the board of directors (the board) and corporate operations, and being the public face of the company.

6 0
3 years ago
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Answer:

A firm's normal range of operating activities is relevant range of operations.

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Relevant range of operations can be described simply as a firm or company's expected range of activities without any extreme economic conditions. It is the range where the firm operates in normal conditions. Within this range the firm's operations run smoothly. Outside this range revenue and expenditure may fluctuate from what was expected.

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