The income statement is prepared first. The income statement i<span>s a financial statement
that reports the company's financial performance (profit and loss) over a specific
accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as </span>profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.
Hey there Emilymontalva1227,
Historically, the geographic division structure is associated with companies pursuing ______ strategies.
Answer:
Multi Domestic
Hope this helps :D
<em>~Natasha♥</em>
Answer: Partnership
A partnership is a from of business ownership who come together with mutual consent in order to manage the business and share its profits.
The terms and conditions of this agreement and the quantum of profit for each partner is clearly stated in a document called the partnership agreement.
All the partners who actively manage the business and share the profits are called General Partners. The general partners are jointly and severally liable for the debts incurred by the partnership.
