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Anon25 [30]
2 years ago
15

College-age athletes who drop out of college to play professional sports

Business
1 answer:
Helga [31]2 years ago
8 0
Well aware that their opportunity cost of attending college is very high.
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The income statement shows the difference between a firm's income and its costs--i.e., its profits--during a specified period of
Aloiza [94]

Answer:

True.

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.

The cash flow from operating activities is generally more than the net income after taxes.

The cash flow from operating activities includes only the cash transactions relating to the operations of the business. It ignores the non-cash transactions. On the other hand, net income is derived after deducting all the expenses (paid or unpaid) from the revenue earned, pertaining to a particular period.

Example: Depreciation expense is a non-cash transaction. It is treated as follows:

While calculating cash flow from operating activities, depreciation expense is ignored (added back to the net income) as it is a non-cash transaction.

On the other hand, depreciation expense pertaining to the accounting period is deducted from revenue to calculate net income after taxes.

Thus, the cash flow from operations is generally more than the net income after taxes.

5 0
3 years ago
Chipper Corporation realized $1,000,000 apportionable taxable income from the sales of its products in States X and Z. Both stat
SIZIF [17.4K]

Answer:

a. $0

Explanation:

The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u>  that is taxed by X equals $0

6 0
2 years ago
What is total taxable income
Dimas [21]

Taxable income, generally speaking, is the gross income of an individual or corporation, less any allowable tax deductions. Your taxable income is, in other words, the amount of your income that is subject to income tax.


4 0
3 years ago
In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are:
Gre4nikov [31]

In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are made at the top management level.

<h3>What is multinational corporation?</h3>

multinational corporation serves as one that has different level of management.

Multinational companies are usually involvea in international trade taking into consideration the

political as well as cultural differences into account.

Examples of these corporation are:

  • Coca-Cola
  • Philip Morris's Marlboro brand
  • Pepsi

In this case,  decisions are made at the top management level in other to achieve the goals of the organization because they do operate outside their country.

Learn more on multinational corporation at: brainly.com/question/494475

#SPJ1

6 0
1 year ago
Lake Co. receives nonrefundable advance payments with special orders for containers constructed to customer specifications. Rela
omeli [17]

Answer:

Lake Co.

Current Liability for Advances from Customers in Dec. 31, 2021 balance sheet:

Amount to report as current liability for advances from customers:

= $127

Explanation:

Advances from Customers:

Dec. 31, 2020 balance       $120

Cash received                      189

Total liability                      $309

Earned Revenue                 182

Current liability                  $127

Advances, which Lake Co., received from customers for orders not yet fulfilled are recorded as deferred revenue or liabilities because Lake Co. is still owing the respective customers until the services or goods are provided.  Earned Revenue is the value of revenue that would be reported in the income summary for which exchange of value or promises had been completed.

8 0
2 years ago
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