Answer:
Concord Co.
Income Statement
For the Year Ended December 31, 2020
Revenues:
Sales revenue $555,600
Expenses:
Cost of goods sold ($320,200)
Salaries and wages expense ($120,100)
Other operating expenses ($11,210)
Income tax expense ($25,590)
Net income: $78,500
Earnings per share: $0.74
Increase in value of company reputation and unrealized gain on value of patents are not included in this income statement.
Answer:
Expense must be recognized in July
Explanation:
The reason is that the expense must be recognized in the month in which the supplies are used because the accrual concept says that the expenses must be realized when they are incurred. Incurred means that the consideration received has been used. For example if I pay the telecommunication network in June to give 4G internet and the services are delivered in the month July then the expenses will be realized in the month in which the services were used and that is July for internet facilities. So in this case the supplies are used in the month of July which is in-accordance with the accrual concept.
In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.
<h3>What is collective bargaining?</h3>
This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.
Collective bargaining involves employees working together in an organization coming together to agree about some important matters.
Learn more about collective bargaining here: brainly.com/question/11819753
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Answer:
b
Explanation:
A process is a collection of tasks,steps,or activities that are performed
Answer:
i dont get it, is there a question?
Explanation:
