1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bagirrra123 [75]
3 years ago
15

The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, whereas t

he income statement measures the financial position of the firm at a specific point in time.A. TrueB. False
Business
1 answer:
vitfil [10]3 years ago
8 0

Answer:

True

Explanation:

Balance sheet is the financial report of an organization that includes investments, liabilities, assets wealth, overall debt, etc. during a given time.

The income statement is one of the company's financial statements that indicates the company's profits and expenditures for a specific period of time. This shows how the profits are converted into net revenue or net income.

You might be interested in
For banks, online transactions are an inexpensive alternative to branch banking. Transaction costs are about ________ per online
MaRussiya [10]

Answer:

The corrects answers that fills the gaps are: 2 cents; $1,07.

Explanation:

Electronic payment methods are a payment system that facilitates the acceptance of payments to carry out transactions without having to use cash. The development of financial systems and advances in information technology have allowed the emergence of these new means of payment, which are increasingly used worldwide.

Among the main electronic means of payment can be mentioned: debit cards, credit cards, mobile wallet and internet transactions - electronic banking.

The advantages:

- They are safer than the use of cash.

- They allow paying for goods or services in an immediate or faster way.

- They allow easy control over the operations and expenses incurred.

- They can be used to make purchases online.

- In some cases, they help build a credit history.

- They allow access to financial products and services.

4 0
3 years ago
Using your computer for non-work activities while you are being paid to work is known as
PilotLPTM [1.2K]
<span>Using your computer for non-work activities while you are being paid to work is known as </span>cyberloafing
8 0
3 years ago
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp
Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

7 0
3 years ago
Label each of the items listed with the abbreviation of the financial statement on which it appears. Items may appear on more th
Zinaida [17]

1. Accounts receivable are found on the balance sheet.

2. Notes payable are found on the balance sheet.

3. Advertising expense is found on income statement

4 0
3 years ago
Read 2 more answers
Mighty Manny, Incorporated manufactures ice scrapers and distributes them across the midwestern United States. Mighty Manny is i
coldgirl [10]

Answer:

The answer is "Choice D".

Explanation:

FedEx Express has developed or continued being a pioneer in high level, providing quick, which remains the global leader offering quick, efficient, or timely delivery to even more than 220 countries that connect more than 99% of the world's largest gross national product with markets, that's why the Two customers are in Wisconsin for Mighty Manny. Mighty Manny accepts phone orders or ships products via FedEx to its customers.

4 0
3 years ago
Other questions:
  • If company managers want to pursue cost-saving actions that can potentially result in their company achieving a sustainable cost
    12·1 answer
  • At the last team meeting both Shelia and Freddy showed up having erroneously accomplished the same task, which meant that one ta
    6·1 answer
  • Debt: 5,000 7.2 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bo
    6·1 answer
  • In order to compare the real estate markets in pittsburgh and philadelphia, what are the things that you should consider?
    7·1 answer
  • Which of the following is NOT positively associated with transformational leadership, according to research?
    5·2 answers
  • Goleman sorts leadership styles into six categories. In order for a leader to get results, different styles are used for differe
    5·1 answer
  • Making a profit by lending money is ____________.<br> a. capital<br> c. usury<br> b. barter
    14·2 answers
  • The marketing manager of Easy Peasy Vegetables is working on the package for a new line of self-steaming microwaveable vegetable
    15·1 answer
  • Ly Company disposed of two different assets.
    13·1 answer
  • A sum of $6,500 deposited in an account grows to $8,000 in 9 years. Assuming annual compounding, what interest rate is being pai
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!