Answer:
The income statement
Explanation:
The income statement is the document prepared accountants showing the earning of a company at the end of a financial year. The income statement is the profit and loss statement. It tells the business owners and other stakeholders how much profits the business has made. The income statement communicates vital information regarding business performance, such as total revenues, gross profits, and net expenses.
The income statement does not give all the business the information. Accountants will also prepare the balance sheet. A balance sheet shows the assets and liabilities of the business.
A cash flow statement is also prepared. It shows how much cash is available to pay bills, salaries, and debts.
Answer:
YTM is 7.46%
Explanation:
Given:
Face value of bond (FV) = $1,000
Years to maturity (nper) = 10
Coupon rate = 10%
Coupon payment (pmt) = $100 (0.1×1,000)
Price of bond (PV) = $1,175
If the bonds are held till maturity, then yield to maturity is calculated using excel function =Rate(nper,pmt,PV,FV)
Yield of bond if held till maturity is 7.46%
Revenues - Asset
Expenses - Liability
The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
<h3>Cash flow from operating activities sections:</h3>
Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.
This gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.
The reason why we have to deduct the $7,600 is because under accrual basis of accounting the amount represent a noncash addition to net income.
Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.
Learn more about cash flow from operating activities sections here:brainly.com/question/25530656
The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Therefore, Option D is the correct statement.
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<h3>What is the relationship between price and quantity?</h3>
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The law of supply and demand is a keystone of present-day economics. According to this theory, the price of a good is inversely associated with the quantity offered.
This makes the experience for plenty of goods because the more high-priced it becomes, much fewer people could be capable of affording it and the demand will finally drop.
Therefore, The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Option D is the correct statement.
learn more about law of demand:
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