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Tema [17]
3 years ago
9

Companies report prior period adjustments, net of any income tax effects in the:

Business
1 answer:
ehidna [41]3 years ago
8 0
Companies report prior period adjustments, net of any income tax effects in the single-step income statement.
A single step income statement is one of two commonly used formats for the income statement or profit and loss statement. It uses only one subtraction to arrive at net income. On the other hand, a multi-step statement reveals the company's gross profit, which is the difference between its sales revenue and its cost of goods sold, and operating profit, which is the difference between its gross profit and its operating expenses. 
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​______ is a process in which an impartial third party helps those involved in a dispute reach an agreement.
Lostsunrise [7]

Answer:

Mediation

Explanation:

Mediation is the process in which an impartial third party help those involved in a dispute reach an agreement.

Mediation is the process which help the parties to settle at their disputes. The mediator is the one who do meeting with the parties separately or have joint sessions which help him to bring the disputed parties on one point. Mediation involves various steps:

  1. Mediator introduction
  2. Disputed parties statements
  3. Joint meetings and discussion
  4. Private meetings of mediator with parties
  5. Converge the parties on single point (Negotiation)
  6. Sign agreement ( Closing the agreement)
3 0
3 years ago
Winston Co. had two products code named X and Y. The firm had the following budget for August:
xenn [34]

Answer:

a. $90,000 favorable

Explanation:

Calculation for what The selling price variance for Product Y is

First step is to calculate the Actual price

Actual price:M=$540,000 ÷ 9,000

Actual price= $60

Now let calculate the selling price variance

Selling price variance=($60 - $50) × 9,000

Selling price variance=$10×9,000

Selling price variance=$90,000 favorable

Therefore The selling price variance for Product Y is $90,000 favorable

5 0
3 years ago
Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a
EleoNora [17]

Answer:

A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter

A decrease in the price of peanut butter - a movement along the demand curve for peanut butter

A decrease in the number of consumers - a shift of the demand curve for peanut butter

Explanation:

Only a change in price of a product would lead to a movement along the demand curve for that product.

A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.

A change in the expectations of consumers about prices can shift demand curve either to the left or right.

A decrease in the number of consumers would shift the demand curve to the left.

I hope my answer helps you

8 0
3 years ago
Millions of software programs have been created and have helped to improve the economy. This is an
stich3 [128]

Answer:

Millions of software programs have been created and have helped to improve the economy. This is an

example of___new technology___.

7 0
3 years ago
A title clause in a contract provides exactly what type of title the buyer is expecting to receive from the seller: Group of ans
damaskus [11]

Answer:

True

Explanation:

A retention of title clause within a contract of sale essentially means that ownership remains with the supplier, until full payment for the goods has been received. That is the seller of a particular product still holds full custody of his goods until the buyer fully pays for the goods.

3 0
3 years ago
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