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WITCHER [35]
3 years ago
9

Do entities report​ revenues, expenses,​ gains, and losses in net income or other comprehensive​ income? Explain.

Business
1 answer:
I am Lyosha [343]3 years ago
3 0

Answer:

Revenue Expenses in net income

Gain / losses in Other comprehensive income

Explanation:

Revenue and Expenses of an entity is reported in the net income section of income statement. the second section of income statement deals with unrealized gains / losses and any gain or losses from discontinuing operations as well. Net income also added to the other comprehensive income to calculate total net income or total comprehensive income.

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Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures wer
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Answer:

9.61%

Explanation:

Computation for the weighted-average interest rate

Using this formula

Weighted-average interest rate=Total Interest amount /Total Principal amount

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10%, 4-year note payable $3,308,700 $330,870

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Weighted-average interest rate=0.0961*100

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Therefore Weighted-average interest rate is 9.61%

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It is ultimately up to the buyer to avoid fraud.
11111nata11111 [884]
That statement is True

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