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Delvig [45]
3 years ago
11

Link each account to the right financial statement that it belongs to Question 3 options: Depreciation Cost of goods sold Fixed

assets Inventory Accumulated depreciation Retained earnings Taxes Sales Cash Accounts payable 1. Income statement 2. Balance Sheet
Business
1 answer:
Luda [366]3 years ago
3 0

Answer:

Depreciation - Income statement

Cost of goods sold - Income statement

Fixed assets - Balance Sheet

Inventory - Balance Sheet

Accumulated depreciation - Balance Sheet

Retained earnings - Balance Sheet

Taxes - Income statement

Sales - Income statement

Cash - Balance Sheet

Accounts payable - Balance Sheet

Explanation:

Depreciation - Income statement

Cost of goods sold - Income statement

Fixed assets - Balance Sheet

Inventory - Balance Sheet

Accumulated depreciation - Balance Sheet

Retained earnings - Balance Sheet

Taxes - Income statement

Sales - Income statement

Cash - Balance Sheet

Accounts payable - Balance Sheet

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4 years ago
What do we call risks in the absence of controls and after controls have been implemented?.
SashulF [63]

Risk that exists both before and after controls have been put in place is known as inherent risk.

What is risk?

The term "risk" refers to degree of unfortunately and possibility of loss, injury and hazard. Risk is barrier in the organization.

The various risk levels in a process that have not been regulated or mitigated by risk management are referred to as inherent risk. The level of risk present even in the absence of safeguards is known as inherent risk.

As a result, Inherent risk is risk in the absence of controls and after controls have been implemented.

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8 0
2 years ago
According to Orlando:_____.
Novay_Z [31]

Answer:

According to Orlando:_____.

(a) workers have obligations to, but are owed consideration by, their employers.

Explanation:

Workers are employed by their employers to carry out their obligations as per instruction.  They owe the duty of reasonable care to their employers.    They are supposed to be honest in their dealings with their employers.  Workers are also required to take safety and health measures to protect themselves and others from harm at the workplace.  For all these obligations, the employers of labor must pay adequate consideration to their workers and ensure their safety at work.

3 0
3 years ago
A flexible budget performance report compares the differences between: budgeted performance over several periods. actual perform
salantis [7]

Answer:

It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales.

Explanation:

Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget.

In short, it is that report which is the management report and compares the actual revenues as well as costs for the year with the budgeted revenues as well as costs grounded on the volume of actual sales.

4 0
4 years ago
Do entities report​ revenues, expenses,​ gains, and losses in net income or other comprehensive​ income? Explain.
I am Lyosha [343]

Answer:

Revenue Expenses in net income

Gain / losses in Other comprehensive income

Explanation:

Revenue and Expenses of an entity is reported in the net income section of income statement. the second section of income statement deals with unrealized gains / losses and any gain or losses from discontinuing operations as well. Net income also added to the other comprehensive income to calculate total net income or total comprehensive income.

3 0
3 years ago
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