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Kay [80]
4 years ago
5

What is the source of information used to prepare the income statement?

Business
2 answers:
Mekhanik [1.2K]4 years ago
7 0

Answer:

The adjusted trial balance

Explanation:

The income statement is the financial statement that shows the revenue generated by the company as well as the expense incurred in the process for a given period of time. It shows the company's performance in terms of profit or loss.

Items of sales and expenses are show in the company's trial balance. This feeds the income statement.

EleoNora [17]4 years ago
4 0
The source of information used prepare the income statement is  the "<span>Income Statement section"</span>
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Firms must provide the right incentives if they are to get _______ to focus on long-run value maximization. Conflicts exist betw
Mrac [35]

Answer:

Managers; debtholders; compensation; bondholders; stockholders; risky; debt; convenants; debt; manager's.

Explanation:

An agency conflict can be defined as problems or issues that arises between management, a principal, or an owner, and other parties due to difference in interests.

This ultimately implies that, agency conflict arises when the incentives provided by the management, a principal, or an owner do not align well with those of an agent such as a manager, who is typically playing a fiduciary role.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

3 0
3 years ago
Common stock is last stock in line for any corporate payouts, including dividends and liquidation payments.
Finger [1]

Answer:

The correct answer id True.

Explanation:

Common stock is last stock in line for any corporate payouts, including dividends and liquidation payments.

The holder of common (ordinary) stocks are consider to be the owner of the company. They have voting right. These shares entitled their holder to dividends that may vary in amount and may even be missed, depending on the state of the company. However with greater reward their comes greater risk. So in case of winding up they will be last one to get any benifit after settlement of all claim.

6 0
3 years ago
A guitar manufacturer is considering eliminating its electric guitar division because its $76,000 expenses are higher than its $
stepladder [879]

Answer:

The electric guitar division should be: Kept

Explanation:

Currently it has a profit of $280 individually and After elimination it will incur a loss of $4280 which is the loss of profit of 280 and current loss of $4,000. This division should be kept because it is making enough profit to compensate all the avoidable and unavoidable expenses with making addition profit of $280, Otherwise there will be a net loss of $4,280 due to some unavoidable expenses.

Working is made in an attached MS Excel file, please find it.

Download xlsx
4 0
3 years ago
Which part of a food label is the primary tool for determining the healthfulness of the product?
Klio2033 [76]

Answer: (B) Nutrition fact panel

Explanation:

The nutrition fact panel is one of the primary tool which is used for determining the nutrition and also the healthfulness of the given material and the products.

The nutrition fact panel is the part of the food label and it providing the information about the content of nutrient in the food and the various types of beverages.

It basically provide the information about the sodium, fat content and the sugar.

Therefore, Option (B) is correct.

6 0
3 years ago
When calculating tax revenue calculate the area between the total price paid by blank and the net price received by blank from z
MrRissso [65]

Answer:

consumers; suppliers

Explanation:

Tax revenue is defined as the revenues collected from taxes on various different types of incomes. When calculating tax revenue calculate the area between the total price paid by consumers and the net price received by suppliers from zero to the quantity traded. This will provide the final tax revenue for the company.

8 0
3 years ago
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