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Ksju [112]
3 years ago
14

A firm's ________ reports the profit or loss for the firm over a specified time period.

Business
1 answer:
gladu [14]3 years ago
7 0
The answer is : a. income statement

A firm's income statement will calculate all of the firm's Earning and deduct it with all of the firm's expenditure.

If the results is a surplus, then the firm gain a profit. If it's a deficit, it means that the firm experience a loss.

This income statement usually renewed every year
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The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation exp
Artemon [7]

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

<h3>How are the straight-line and double-declining-balance methods related?</h3>

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

Find out more on depreciation methods at brainly.com/question/26948130.

6 0
2 years ago
What is the end product of the accounting process?
Goryan [66]
In the accounting cycle, the last step is to prepare a post-closing trial balance.
3 0
4 years ago
Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want
leva [86]

Answer: Individual interviews

Explanation: An individual interview can be seen as an experimental method of acquiring information from an original source to gather non-numerical information with a small number of respondents to discuss in detail their viewpoints on a specific idea, program or circumstance.

Here, the Marine Midland Bank sent out their researchers to discuss with the head of each household in the community the reason for not checking accounts and credit cards with the bank. It can be carried out in 15-60 minutes.

8 0
3 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
4 0
3 years ago
Joaquin didn’t buy a netbook computer when they first came out, but he did purchase one a year after they were introduced to the
Andru [333]

Answer:

The answer is: Early adopter

Explanation:

Early adopter refers to consumers that use a new product or technology before others. Since early adopters tend to pay more for a new product, they also benefit first from the product's specifications and performance.

They also serve as reference for other users who are considering to buy or not to buy the new product.

3 0
3 years ago
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