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Vedmedyk [2.9K]
3 years ago
15

Duke Company's records show the following account balances at December 31, 2021:

Business
1 answer:
Triss [41]3 years ago
5 0

Answer:

Total comprehensive income = $2,250,000

Explanation:

Note: See the attached excel file for the single, continuous multiple-step statement of comprehensive income for 2021.

Multiple-step income statement is an income statement that employs multiple subtractions in the process of calculating the net income. Multiple-step income statement shows the gross profit and separates the operating revenues and expenses from the nonoperating revenues, expenses, gains, and losses.

Download xlsx
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14 . Private solutions to correct for externalities
Arisa [49]
It is C so uh yeah okay :)
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2 years ago
There's a large number of bakeries in the United States and each of these bakeries produces similar, but not identical, products
kobusy [5.1K]

Answer:

monopolistic competition

Explanation:

Monopolistic competition -

It refers to a type of competition , where the some sellers sell similar products but exactly the same , is referred to as monopolistic competition .

The goods and services are not exactly the copy of each other , rather are just similar in nature , with similar components .

Hence , from the given scenario of the question ,

The correct answer is monopolistic competition .

8 0
3 years ago
Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the month was $5.
allsm [11]

Answer:

Bank Reconciliation Statement as at October 2:

Balance as per checkbook            $601

Add: Electronic transfer             $2,400

       Interest                                       $4

Less: Bank charge                            ($5)

Balance as per bank statement $3,000

Explanation:

A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.

The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other.  Errors are also identified and corrected during the process.  After this, the reconciliation statement is prepared to agree the two sources of balances.

6 0
3 years ago
Find salary expense for March , July and December .
spin [16.1K]

previously answered this question

6 0
3 years ago
Peterson Company purchased machinery for $960,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $6
Molodets [167]

Answer:

198,000

Explanation:

(960000 - 60,000) / 5 = 180k

Deprecation expense = 180,000 x 5 = 720,000

Deprecation expense from January to April = 4/12 x 180000

720 + 75h

4 0
2 years ago
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