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ElenaW [278]
4 years ago
11

The correct definition of income statement is​

Business
1 answer:
KatRina [158]4 years ago
5 0

Answer:

Income statement or the statement if profit and loss is more officially called as the "comprehensive statement of income" in the corporate world.

It has all the revenue and expense accounts and calculates the gross profit and finally the net profit or loss of the company after taking into consideration various expenses categories such as financial costs, administration costs, cost of sales and other costs.

Moreover, income from the main business activity and other income from other investment activities are also considered.

Explanation:

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The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price. True or false
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That statement is False

Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products,  the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade) 
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Capri Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost. Cost flows
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Answer:

$41,000.

Explanation:

The computation of the amount of direct materials cost charged to completed jobs is shown below:

= Direct Material cost - charging cost in direct material cost

= $57,000 - $16,000

= $41,000

By subtracting the charging cost that added in the direct material cost from the direct material cost we can find out the direct material cost charged that is computed above.

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Enables the removal of jurors without having to show bias or other causes.
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I also found a quizlet by looking up your question, it might help for any other questions you have.
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3 years ago
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How do you redeem a <br> lottery tickets
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Explanation:

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hope I helped

4 0
2 years ago
The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
serious [3.7K]

Answer:

See below

Explanation:

According to the information above, there would be no sales if TAM is discontinued as there would be no cost traced to it safe for $145,000 for fixed manufacturing overhead.

We already know that the net operating loss was $55,000 the fixed manufacturing overhead of $145,000 would further increase the loss by $90,000

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