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algol [13]
3 years ago
14

Information needed to prepare an income statement’s Expense section is obtained from a work sheet’s Account Title column and

Business
1 answer:
Mars2501 [29]3 years ago
8 0

Answer:

Option (A) is correct.

Explanation:

Income statement have an operating section which includes revenue and expenses section.

Revenue section of the operating section includes all the cash inflows and all the values that represents the appreciation of the assets.

On the other hand, expenses section of the operating section includes all types cash outflows and those activities which reduces the value of the assets of the company or increases liability.

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s344n2d4d5 [400]

Answer:

dthidfhifdhxfihifxhifxjhsdhjrshjxfiusfhidfhjxf

8 0
3 years ago
Which of the following statements is true about how our U.S. demographics are changing?
VashaNatasha [74]
I think it’s gonna be C
4 0
3 years ago
A corporation has 12,000 shares of $20 par stock outstanding that has a current market value of $150. If the corporation issues
belka [17]

Answer:

False

Explanation:

In a 4-for-1 stock split, for every 1 share held by shareholders, it is multiplied to 4.

if outstanding shares is 12,000, after the split the shares outstanding pictures becomes 12,000 x 4 = 48,000

Market value of shares outstanding = $150 / 4 = $37.50

5 0
3 years ago
Archer, in Chicago, wrote to Ganze in New York City offering to purchase her antique car. When she received the letter, Ganze ma
olya-2409 [2.1K]

Answer:

<u>No</u>

Explanation:

<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.

In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.

Also, the fact that she quickly sent a telegram letting  Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.

7 0
3 years ago
When a policyowner cash surrenders a universal life insurance policy in it's early years, this may be considered a red flag for
gregori [183]
<span>When a policyowner cash surrenders a universal life insurance policy in it's early years, this may be considered a red flag for an Anti-Money Laundering violation. Anti-money laundering known as AML are procedures and regulations that are designed to generate some type of income by doing illegal activity. The money that comes from doing these things is completely real however, it is earned under false pretenses. Money laundering is completely illegal. </span>
7 0
3 years ago
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