Answer:
The answer is B.
Explanation:
Capital is what is used to start a business. It is what the owner's contribution in the business. In advanced class, it is called stock or equity. Capital is usually from the owner's savings. But if this money is borrowed either from an individual or a bank, the person is a borrower while the other party is the lender.
Option A is incorrect because money raised from someone makes the person borrowing a borrower and not a saver.
Option C and D are incorrect because the items needed for the business are not consumables, they are needed for the smooth running of the business, hence they are not consumption.
The advantage that single-step income statement has an over the multiple-step income statement is that they do not imply that one type of revenue or expense has priority over another.
<h3>What is an
income statement?</h3>
In accounting, an income statement means a financial statement that shows the firm's income and expenditures.
In conclusion, the advantage that single-step income statement has an over the multiple-step income statement is that they do not imply that one type of revenue or expense has priority over another.
Read more about income statement
<em>brainly.com/question/24498019</em>
How much ever percent she cuts so will the value of her sales
Answer:
C. $258,000.
Explanation:
The computation of the net income reported is shown below:
= Gambling winnings - Travel costs - Office expenses - Supplies - Business long-distance phone charges
= $275,000 - $8,000 - $5,000 - $3,000 - $1,000
= $258,000
For computing this we ignored the illegal cost related to the illegal parking and the illegal information