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Bingel [31]
3 years ago
7

Which one of the following is the financial statement that summerizes a firms revenue and expenses over a period of time?

Business
1 answer:
Aneli [31]3 years ago
5 0

Answer:

income statement is correct

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A u.s. consumer electronics company has to shut down because it cannot compete against foreign manufacturers. for the u.s., this
Dmitry_Shevchenko [17]
The word to fill the blank space is "Cost".

The cost of universal trade are borne by those organizations and their specialists whose employments are threatened by foreign competitions. Some residential organizations may lose piece of the overall industry to outside organizations, hindering their productivity and capacity to make employments. Other firms may confront so much foreign competition that they're driven bankrupt altogether.
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3 years ago
TB MC Qu. 04-126 Juniper Company uses a perpetual inventory... Juniper Company uses a perpetual inventory system and the gross m
Sholpan [36]

Answer:

The journal entry to record the purchase on August 7 is:

Debit Merchandise $9,750

Credit Accounts Payable $9,750

Explanation:

The terms of 1/10, n/30 means 1% discount for the payment within 10 days and the full amount to be paid within 30 days.

The company purchased $9,750 of merchandise on August 7, returned $1,500 worth of merchandise on August 11, paid the full amount due on August 16 and received the discount. Juniper Company uses the gross method of accounting for purchases. Following accrual accounting method, the journal entry to record the purchase on August 7 is:

Debit Merchandise $9,750

Credit Accounts Payable $9,750

3 0
3 years ago
Marissa is preparing a cash budget for the Chief Financial Officer. What is this an example of?
swat32

Answer:      

Managerial accounting

Explanation:

Managerial accounting refers to the process to classify, calculate, assess, analyze, and convey financial data to executives to achieve the objectives of a company. It differs from financial reporting since the primary objective of managerial accounting is to support people in creating well-organized business decisions within the corporation.

Managerial accounting includes several aspects of accounting designed to improve the standard of the education given to administration regarding indicators of the commercial business. Management accountants utilize details about both the expense and sales income of the firm's produced products and services.

7 0
3 years ago
Jerry permanently moved from Florida to California on January 1, 2019. He received $12,000 pension income during 2019 through a
mixer [17]

Answer:

$0

Explanation:

Based on the information given what will be the amount of his qualified pension income that is taxable by California will be $0 amount reason been that the income amount he received was from is formal Florida employer which will be received the following year, therefore that means that there would not be tax on the pension amount received.

5 0
3 years ago
An interest in and right to real property that limits the legal owner's freehold interest is called a
serious [3.7K]
Encumbrance

I believe is your answer
6 0
3 years ago
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