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
Zigmanuir [339]
2 years ago
5

The income statement lists all the

Business
1 answer:
olchik [2.2K]2 years ago
6 0

Answer:

A. revenue and expense

Explanation:

An income statement is among the three important financial statements prepared by a business entity. It summarizes all incomes (revenues) and expenses (costs) of a company in a particular financial year. Total costs are subtracted from the total revenue to get the net income.

An income statement is prepared to show the profits of a business in a particular financial year. A positive net income indicates profits, while a negative net income denotes losses.

You might be interested in
On January 1, Year 1, Johnston Company purchased a 40% interest in the common stock of Truly Inc. for $100,000. Johnston has sig
e-lub [12.9K]

Answer:

$112,000

Explanation:

The Equity method shall be used in this question for determining book value of investment made by the Johnston company in Truly Inc because the investment gives the Johnston company the significant influence over the Truly Inc.

Under equity method, the book value of investment made by the Johnston company as at end of year 1 shall be determined as follow:

Amount invested initially                                 $100,000

Add: Net income for the year                          $20,000

(50,000*40%)

Less: dividends received                                 ($8,000)

(20,000*40%)    

Book value of investment at end of year 1      $112,000

5 0
3 years ago
International Imports (I2) pays an annual dividend rate of 10.40% on its preferred stock that currently returns 13.94% and has a
dangina [55]

Answer:

$74.61

Explanation:

The computation of the value of preferred stock is shown below:

Value of preferred stock = Annual dividend ÷ return of preferred stock per share

= 10.40% × 100  ÷ 13.94%

= $74.61

Simply we divide the annual dividend by the value of preferred stock per share so that the correct value of preferred stock can be computed

7 0
3 years ago
Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take?
lawyer [7]
I would say a just to make sure he is making a right chocie 
7 0
3 years ago
Read 2 more answers
When Mathilda first walked into the glass-enclosed lobby of Data Mining Solutions’ headquarters, she observed an enormous three-
natali 33 [55]

Answer: Symbols

Explanation:

Observable artifacts are symbols, words, languages (they could be slang or jargon), stories of legends, practices. This give those in the future the explanation of what happened in the past or what's currently ongoing with a message to those who come across them.

The observable artifact the organization is using is that of symbols.

6 0
2 years ago
Brand equity is determined by four aspects of a brand which include ________
siniylev [52]

Answer:

Brand name, loyalty, awareness and attributes.

Explanation:

  • The brand equity is a phrase that is used in marketing and refers to the perceived worth of the brand and has social values and a brand name and has four elements as brand awareness, brand attributes and associations, perceived quality, and brand loyalty.
  • The brand equity and the loyalty of the brand helps to increase the brand awareness and brand name is associate to the awareness of the brand.
7 0
3 years ago
Other questions:
  • Faye works as an administrator and receptionist for Garage Door Store. The store withholds federal taxes from Faye's pay, and co
    13·1 answer
  • What is gained when a decision is made
    12·2 answers
  • If insurance premiums are going to be set below the actuarially fair level for a certain group, who will likely be targeted to m
    6·1 answer
  • What is the general tone of Defoe's piece describing labor in the textile-manufacturing village?
    8·1 answer
  • L Corporation produces and sells 15,100 units of Product X each month. The selling price of Product X is $21 per unit, and varia
    7·1 answer
  • As an exporter, Delios Trading wants to be paid before a consignment is shipped. Correspondingly, its importer in Japan, Abe Imp
    9·1 answer
  • Enerico contributes $100,000 cash in exchange for a 40% interest in the calendar year ABC LLC. This year, ABC generates $80,000
    10·1 answer
  • A company that wants to market winter gear to citizens of Alaska should be aware that there are 24 words used in the state to de
    13·2 answers
  • Suppose Nationwide increases the insurance premium they charge for their auto policies by 6 percent. In response, the demand for
    9·1 answer
  • The activities needed to operate a business can be divided into a number of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!