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LenaWriter [7]
3 years ago
5

For each of the following items, identify whether they would most likely be reported in the balance sheet (B) or income statemen

t (I).
a. Net income
b. Retained earnings
c. Depreciation expense
d. Accumulated depreciation
e. Wages expense
f. Wages payable
g. Interest expense
h. Interest payable
i. Sales
Business
1 answer:
blagie [28]3 years ago
8 0

Answer:

Explanation:

The statement of income records all sales revenues general and expenditure incurred during a particular period.

The balance sheet reports the assets and the liabilities of the company

So, the classification is as follows

a. Net income  = income statement (I)

b. Retained earnings  = balance sheet (B)

c. Depreciation expense  = income statement (I)

d. Accumulated depreciation  = balance sheet (B). It is deducted from the value of the respective fixed assets

e. Wages expense  = income statement (I). It is shown on the debit side of the income statement

f. Wages payable   = balance sheet (B). It is a current liabilities

g. Interest expense  = income statement (I) It is shown on the debit side of the income statement

h. Interest payable   = balance sheet (B). It is a current liabilities

i. Sales = income statement (I)

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Teams have better communication than other workers because they get to ______. a. Know each other better b. Attend communication
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Rick has met with the Small Business Administration, which analyzed his entrepreneurial skills and provided him with a summary o
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Answer:

c) Rick has an external locus of control.

Explanation:

What can challenge Rick in his quest to become a successful entrepreneur is that he has an external locus of control, which occurs when an individual relates events related to their failures or successes to external variables that are not their responsibility, such as fate, luck or bad luck.

The external locus of control can pose a challenge for Rick in the sense that an entrepreneur's success is related to his own personal control and personal efforts to make the business viable and successful in the market. It is necessary for the entrepreneur to understand that there are risks inherent to the business and that a business can work according to their efforts, learning and planning, that is, the entrepreneur and their control and management actions will be responsible for the success or failure of the business, and not just external factors like fate or bad luck.

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The 2016 financial statements of CVS Health Corporation reported the following information (in millions): 2016 2015 Net sales $1
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