1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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. 
You might be interested in
The pricing strategy used by companies manufacturing or selling designer apparel custom jewelry and exclusive paintings is refer
a_sh-v [17]

Answer : Premium Pricing.

Companies manufacturing or selling designer apparel, custom jewellery or exclusive paintings usually have a unique brand. These companies usually have their own signature brands that have a big competitive advantage. Hence they charge higher prices.

8 0
3 years ago
Yvette buys and sells real estate. Two weeks ago, she paid $300,000 for a house on Pine Street, intending to spend $50,000 on re
Inessa [10]

Answer:

c. forget the repairs and sell the house as it is for $250,000.

Explanation:

The best option from the shown is to foget about the repairs and directly seel it at $250,000 because that leaves her with a loss of $50,000 instead of a $60,000 loss on her money, that is the best option financially. Also as the time passes the plan for the creation of the landfill downstreet will become more and more known and the value could decrease more.

8 0
3 years ago
If P denotes the price of goods and services measured in terms of money, then:________.
Margaret [11]
The answer is A for sure
8 0
3 years ago
Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the
damaskus [11]

Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. 9.60% is the rate of return on the trust fund.

FV =  Future Value

PV =  Present Value

r =  rate of interest

n=  no of period

   

FV/ PV =  (1 + r )^n

5000/2000   =  (1 + r%)^10

2.5 = (1 + r%)^10

r = 9.60%.

The rate of return is the net profit or loss of an investment over a period of time, expressed as a percentage of the original cost of the investment. 1 When calculating the rate of return, find the percentage change from the beginning of the period to the end of the period.

Learn more about the rate of return at

brainly.com/question/3578105

#SPJ4

7 0
2 years ago
The total number of items that the company carries within its product lines refers to the ___________ of the product mix.
wolverine [178]
D. consistency.
yeah! correct
7 0
4 years ago
Other questions:
  • Suppose the country of Lilliput exported 263 billion dollars worth of goods while they imported 477 billion dollars worth of goo
    11·1 answer
  • Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufac
    13·1 answer
  • Critical questions to answer before doing an internal communications audit include
    11·1 answer
  • Sarah and Luke each purchased $125 of merchandise from Owens Grocers on account. The terms of both sales were 1/7, n/30. Account
    7·1 answer
  • "Kim wants to run for the U.S. Senate. Kim experimented with drugs in the 1960s, but has not used any drugs in more than 45 year
    5·1 answer
  • Everett just finished building a website for his bus-touring company using the Google My Business website builder. He followed t
    10·1 answer
  • If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged
    11·1 answer
  • Say it with me now......<br> LEESSSSSSSS GOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!
    10·2 answers
  • If the demand for a good falls when income falls, then the good is called a. a normal good. b. an ordinary good. c. a regular go
    13·1 answer
  • Determine the interval(s) on which the function is increasing and decreasing. (enter your answers using interval notation. if an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!