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12345 [234]
3 years ago
13

What is the basic equation of an income statement? Select one: a. Assets = Revenues – Expenses b. Net income or loss = Revenues

– Expenses c. Assets = Liabilities + Equity d. Equity = Cash inflows – Cash outflows
Business
1 answer:
Mashutka [201]3 years ago
7 0

Answer:

c. Assets = Liabilities + Equity

Explanation:

Assets = Liabilities + shareholders equity is also known as the balance sheet equation.

It is the basis for the double-entry bookkeeping system

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Farah Snack Co. has earnings after taxes of $108,750. Interest expense for the year was $20,000; preferred dividends paid were $
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Answer:

$0.9

Explanation:

Data provided in the question:

Earnings after taxes = $108,750

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Assuming the total population is 100 million, the civilian labor force is 50 million, and 44 million workers are employed, the u
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The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a comp
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The diagram shows an aspect of fiscal policy.
storchak [24]

Answer

C. The government spending to strengthen the economy

Explanation

The fiscal policy is applied by the government to influence the economy through adjusting revenue and spending levels. The Fiscal policy is applied with the monetary policy to give a direction of the economy and reach the set economic goals. In this case, taxation and money transfers has been applied.


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