Securities that represent part ownership or equity in a corporation
ture
Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.
Answer:
C. revenues, gains, expenses and losses.
Explanation:
Income statement only reports the Income, Expenses, Gain or losses for the period. Assets, Equities and Liabilities are reported in balance sheet. Income statement only deals with temporary accounts and permanent accounts are dealt in balance sheet, So Revenue, Expenses, gains and losses are temporary account whereas the assets, Equity and liabilities are permanent accounts..
Accountants record, classify, and <u>interpret</u> the results of the financial information they gather.
<h3>What are accountant?</h3>
An accountant is a professional who is in charge of keeping and analyzing financial records. Most accountants manage a wide range of financial tasks for both their individual clients and the bigger businesses and organizations that employ them.
It may not be clear what exactly this profession entails because the word "accountant" is commonly used in conjunction with a number of other titles. Even though the phrases "accountant" and "bookkeeper" are frequently used interchangeably, there are several key differences between the two.
Learn more about accountant
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The municipal governments will provide workers to do daily maintenance in a certain facility management.
In order to hire the workers, the municipal government will use the government budget that is taken from the civilian's tax money.
So, technically the civilians are indirectly paying for government's worker's salary.
