Answer:
1. Sales are shown for 3 years net of returns and allowances.
Explanation:
Sales reporting must be actual sales for which the firm received value and must be net of all discounts and allowances including sales returns. In reporting sales, comparative figures is also reported for easy comparison and performance measurement by the entity and other interested stakeholders. Investors use the comparative figures to analyse business performance and choose the best among several alternatives
The answer is Public debt includes debt that is held by the social security Administration.
Public debt is the total amount, including total liabilities, borrowed by the government to meet its development budget.
What is Public debt?
- Public debt has to be paid from the consolidated fund of India. It is also used to refer overall liabilities of central and state governments, but the union government clearly distinguishes its debt liabilities from the state.
- The sources of public debt are dated government securities (G-Secs), treasury bills, external assistance, and short term borrowings.
- However, if the public debt is calculated as government liabilities, which also includes the liabilities of states.
To learn more about Public debt
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Answer:
True.
Explanation:
One of the financial benefits of giving in the contribution can be the tax deduction. Although, there are few conditions and terms that one should keep in mind. If the contribution is made to a legitimate organization or any legitimate charitable trust, which has their names listed as the 501(c)3 organization, then the tax is likely to be deductible. However, if the contribution is to an unknown organization, there can be high chances of fraudulent activity coming under consideration. Therefore, one must be well aware before making any such contributions and especially when one is looking for tax deduction approaches.
Answer:
$9.2
0
Explanation:
The calculation of the Finishing Department is shown below:-
Plant - wide overhead rate = Total overhead ÷ Total machine hour
= ($470,000 + $737,900) ÷ ($470,000 + 133,950)
Plant wide overhead rate = $2 per machine hour
Machine hour for product = 4.2 + 0.4
= $4.6 machine hour
Applied overhead = Machine hour for product × Plant wide overhead rate
= $4.6 × $2
= $9.2
0
Answer: "If the actual loss of a Process is less than that of expected loss then the difference between the two will be treated as abnormal gain. In another way we can define it as the difference between actual production and expected production."
Explanation: