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
2 2 user: the cost to mail a package is $7 for the first 2 pounds and 30 cents for each additional ounce. which of the following
NARA [144]

f(x) = 7 + 0.3x

tell me if I am wrong

7 0
3 years ago
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 30,000 shares authorized, 15,0
Natasha_Volkova [10]

Answer:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

Explanation:

Preparation of the journal entry to record the dividend declaration

Based on the information given we were told that the Corporation declared the amount of $0.50 per share cash dividend on common shares in which 12,000 shares of the common stock are outstanding, hence The journal entry to record the dividend declaration is:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

(12,000*$0.50)

5 0
3 years ago
Major reasons for disclosure of deferred income tax information is (are)
Karolina [17]

Answer:

d. All of these answer choices are correct.

Explanation:

Is important to match the expenses with the revenues they are related. If for tax purposes we can deduct a full equipment value in one year. This means we are goung to pay higher income taxes in the future as we don't have the depreciation expense available for taxes porpuses.

The use of deferred incoem tax will be useful to knwo how much are the actual cash obligation and the expected value of the future cash obligations

6 0
3 years ago
I hope that if you graduate, what can you do for this company better?
Fed [463]

Answer:

I be confident for your company

3 0
2 years ago
Wichasha, an african country, exports barley and cotton worth $100 million to illema, a european country, and it imports sugarca
max2010maxim [7]

Answer: Balance of Trade

Explanation:

<em>Balance of trade</em> is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a <em>trade surplus</em>. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a <em>trade deficit</em>.

In this case,  Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

7 0
3 years ago
Other questions:
  • President obama announced a $100,000,000 humanitarian aid package to haiti to support its earthquake relief. england's parliamen
    13·1 answer
  • Can someone plz tell me what is 500-500+50​
    12·1 answer
  • QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company’s comparative balance sheets.
    8·1 answer
  • Where should a declared but unpaid cash dividend be reported on the balance sheet?
    7·1 answer
  • Lucia's bank offers a savings account with a 1.9% APR, compounded monthly. What is the actual percentage yield on this account?
    10·2 answers
  • Which party to a contract absorbs the preponderance of cost risk when a firm-fixed-price (ffp) contract is used?
    6·1 answer
  • Generally accepted accounting principles (GAAP) requires the expenses incurred to generate revenues be matched in the same perio
    15·1 answer
  • First National Bank loans Mike’s Shoe Store $100,000 for remodeling. On their balance sheets, this loan is an asset for Mike’s S
    12·1 answer
  • Suppose sweden produces only tablets and smartphones. The resources that are used in the production of these two goods are not s
    10·1 answer
  • In general, the production and use of capital ________ the productivity of labor and normally ________ wages.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!