Answer:
(B) False
Explanation:
As we know that
Net income = Total revenues - total expenses
The main difference between the single - step income statement and the multi-step income statement due to classifications
In the single - step income statement, we normally
Revenues
Total revenues (A)
Expenses
Total expenses (B)
Net income (A-B)
while in multi-step income statement,
Sales revenue
Less: Cost of goods sold
Gross profit
Less: Operating expenses
General and administrative expenses
Depreciation expense -
Profit before tax
Less: income tax
Net income
So in both the cases, the amount of the net income is equal.
I had to look for the options and here is my answer:
The one that best illustrates a scenario that shows a country having a "trade deficit" is when their imports exceed their exports. This means that they have spent more on imports than what they earn on their exports and this creates an imbalance in the nation's economy.
We produce this product as an example of core customer value.
The core customer value level contains the primary values, the pure blessings that every product/carrier brings to satisfy a certain want of the customer.
An organization's extra essential customers, are distinguished from the rest by way of their long-time period value to the organization.
Customer value is best defined as how a great deal a product or service is worth to a consumer. It's a measure of all of the expenses and advantages associated with a product or services. Examples consist of rate, satisfactory, and what the products or services can do for that precise person.
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Answer:
A Notary Signing Agent creates a new advertisement in the local Pennysaver that uses the phrase "On time 24/7." Is this allowed? Yes, this is allowed.
