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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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In 2020, HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account bal
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Explanation:

The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:

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6 0
2 years ago
Write a paragraph summary of the history of credit and consumerism
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Explanation:

Do I really need to explain such an egregious answer

7 0
3 years ago
Select the correct answer.
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Main idea is used as an hook in writing essay because it gives the reader an idea of the message being passed by the writer.

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