The financial statement that highlights the components of net income is the income statement.
<h3>What is an income statement?</h3>
The income statement is a financial statement that contains the record of a company's income and expenses in a financial year. It is used for determining if a company is earning a profit or a loss.
It also contains components that explains the net income of the company.
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Answer: B
Explanation:
A vertical integration is where a company owns another company in the same production line.
For example a company that bakes bread has a farm where wheat is cultivated, a marketing company and retail locations for the sale of the bread.
The advantages of Vertical integration include:
a. It reduces costs.
b. It increases efficiency.
c. It gives the firm greater control of the production process.
A major disadvantage of vertical integration is it requires huge capital outlay.
Answer:
TRUE
Explanation:
A golden parachutes is a contract signed between the employees and employers in which an executive is given a lucrative severance benefits when there's a merger or acquisition. In this case, it is very beneficial for the top management if Raven Crest is acquired seeing they have both a golden parachutes contract signed in and also posses significant stock options. Should the control of the RavenCrest change hands through an acquisition, the top management will be handed lucrative severance benefits.
Answer:
B. Users need not be actively involved in the systems development process.
Explanation:
Users need to be actively involved in the systems development process.
Users should create a detailed written description of their needs. It should describe the user's view of the problem, not that of the system professionals.