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Alex787 [66]
3 years ago
9

A computer company has $3,000,000 in research and development costs. Before accounting for these costs, the net income of the co

mpany is $2,400,000. What is the amount of net income or loss after these R & D costs are accounted for? A : $2,400,000 net income B : $0 C : None of the choices are correct D : $600,000 loss
Business
1 answer:
AfilCa [17]3 years ago
6 0

Answer:

D : $600,000 loss

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

So,The net income or net loss would be

= Net income - research and development costs

= $2,400,000 - $3,000,000

= $600,000 loss

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Answer:

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5 0
3 years ago
Henry Carr and Noreen Mason formed a partnership, dividing income as follows: annual salary allowance to Carr of $42,000; intere
Evgesh-ka [11]

Answer:

$239,060

Explanation:

The computation of the net income distributed to Carr as follows;

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Salary

allowance     $42,000                  $42,000                            $400,000

Interest

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left amount  $192,650 $192,650  $385,300                        $0

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8 0
3 years ago
6. Why do American business owners try to avoid accepting Canadian coins?
fenix001 [56]

Answer:

because America coins and Canada coins is same

Explanation:

pls mark this

3 0
3 years ago
Consider this scenario: in response to an increase in the product's price, producers of mp3 players have increased the quantity
kvv77 [185]
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Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. During 2021, equipment wit
suter [353]

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Explanation:

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3 years ago
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