1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kipiarov [429]
2 years ago
12

For product costs associated with a particular product to be reported on the income statement:

Business
1 answer:
RUDIKE [14]2 years ago
6 0

Answer:

a. The product must be sold

Explanation:

Total revenue and total expenses are recorded in the income statement.  

If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.

The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory

And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement

You might be interested in
An economist studying the market for wild Alaskan salmon determines the price elasticity of supply to be 0.43. a. In this case,
Marina86 [1]

Answer:

A. Inelastic

B. a less than 10% increase in quantity supplied

Explanation:

A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.

A supply is inelastic if the price elascitiy is less than 1.

4 0
3 years ago
Read 2 more answers
What would be the best action for someone who is spending more than she is earning?
meriva
I think that it might be C
4 0
2 years ago
YOUR ASSIGNMENT: 1. You are a single person with no dependents, earning a salary of $47,810. You have no adjustments to your inc
joja [24]

Answer:

GHVTUFFTUFT

Explanation:

7 0
3 years ago
Constructive criticism means:
MrRissso [65]
Feedback with the intention to help by listing reasonable arguements
8 0
3 years ago
Read 2 more answers
Borasco Corp. owns land with a fair market value of $200,000. Borasco purchased the land 10 years ago for $65,000 and owes a lia
sleet_krkn [62]

Answer:

$65,000

Explanation:

Borasco was the person who purchased the land for $65,000 in which the land was later transferred to Alvo. Therefore no gain or loss is been recognized in this liquidation because it subsidiary is been liquidated by the parent which is why the basis of land is said to be carryover basis of $65,000 at the end of the transaction.

5 0
3 years ago
Other questions:
  • The price of the candy corporation stock will generally increase when there is:
    12·1 answer
  • Which part of the final report examines in detail the underlying causes of problems, issues, and successes relative to the proje
    13·1 answer
  • When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent A.
    14·1 answer
  • AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili
    12·1 answer
  • 6.Which statement applies to all centrally-planned economies?
    6·1 answer
  • Has a desire to influence others, be responsible for them, and have authority over them. it can be described as her:
    8·1 answer
  • How is time like money? I have to write 3 paragraphs over how time is like money.
    9·1 answer
  • The Eco Pulse survey from the marketing communications firm Shelton Group asked individuals to indicate things they do that make
    6·1 answer
  • If a firm's promotional budget were extremely limited, for which of the following reasons would it be more likely to rely on per
    13·1 answer
  • This information relates to Blossom Co..
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!