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Sedbober [7]
3 years ago
13

Trevor restores antique cars and sells them for profit. This is an example of _____ income.

Business
2 answers:
anyanavicka [17]3 years ago
5 0
Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.

Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
Jobisdone [24]3 years ago
3 0

Answer: A on EDG2020

Explanation:

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In order to provide more complete information, u.s. gaap allows that any significant noncash investing and financing activities
vampirchik [111]

It is reported as foot notes  in cashflow statement or in the notes of financial statements.

When an income statement is converted to cash flows from operational operations, noncash items like as depreciation and nonoperating profits and losses are not included. Non-cash investing and financing entails making an investment or purchase using financial instruments other than cash.

The Generally Accepted Accounting Principles (GAAP) are a collection of generally observed financial reporting accounting standards and regulations. The four main constraints of GAAP are objectivity, the materiality, the consistency, and the prudence.

Companies are required by both IFRS and US GAAP to declare any substantial non-cash investment and financing operations, either as a footnote at the bottom of the statement of the cash flows or in  notes to the financial statements.

Therefore, the answer is the bottom of the statement of  the cash flows or in the notes to  financial statements.

To know more about U.S Gaap click here:

brainly.com/question/17327177

#SPJ4

6 0
1 year ago
An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales
mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

  • Following characteristics would be typical of an industry that is in the start-up age :
  • 4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
  • The households between $1 million and $2 million in net worth is given below :
  • $1,000,000 in wealth is near the 88% in America.
  • Around 15,117,804 are households that matched this bracket or more.
  • 5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
  • There are certain strategies which includes
  • price matching,
  • evaluating the competitors,
  • product re-branding,
  • creative advertising and marketing
3 0
3 years ago
Nora Damus reviews her forecasting triumphs and failures as part of her annual report to the Chief Operating Officer. She notes
Ahat [919]

Answer:

The answer is D) Nora has a positive tracking signal.

Explanation:

4 0
3 years ago
APR stands for Annual Proportion Ratio.
lisabon 2012 [21]
This statement is false, APR does not stands for Annual Proportion Ratio, rather it stands for Annual Percentage Rate. Usually APR can be seen in Credit Cards, loans, etc. It is the Annual percentage rate added to your credits.
8 0
3 years ago
Owen is a barista at a coffee shop. His manager has noticed that he has been showing up late for work, getting coffee orders wro
Dahasolnce [82]

Answer:

The correct way to act is to talk to the person and try to help him to resolve the problems, in the case he can not, then look for other actions. This process of talking and being comprehensive with the person gives a very good image of the company in the eyes of the other workers and the press.

Explanation:

To begin with, the proper action that the manager should take is to talk to Owen and nicely tell him about the situation that the manager noticed and ask him if there is a problem that could be fixed or if the manager could give him help in any way in order to let Owen do his job properly again as before. Moreover, if Owen states the problem then the next step will be to seek for posible solution to those problems, as well as given the employee encouragement and calmness regarding the fact that the company understands and wants Owen to resolve his problem so he can work correctly again. Finally, once done that, the final step will be to control the employee afterwards to see if he works normaly again and take new actions in the case that he is not.

8 0
3 years ago
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