If this is true or false, then its true.
Explanation:
you can come to India I think here you will get it
Answer:
The amount of the net income shown on the income statement is $9,000
Explanation:
The computation of the net income is shown below:
Net income = Services provided for cash = operating expenses incurred
= $45,000 - $36,000
= $9,000
According to the matching principle, the revenues of a particular period should always be matched with the expenses that are incurred in that particular year
So, the net income that is to be reported on the income statement is $9,000
Note: Options are shown in the attachment
Answer:
option (b) $76,642
Explanation:
Data provided in the question:
Cash dividends declared = $83,126
Cash dividends payable at the beginning of the year = $9,151
Cash dividends payable at the end of the year = $15,635
Now,
Cash payment of dividends
= Cash dividends declared + Beginning cash dividends payable - Ending cash dividends payable
= $83,126 + $9,151 - $15,635
= $76,642
Hence,
the answer is option (b) $76,642
Answer:
income approach
Explanation:
The income approach method for calculating the GDP adds the factor incomes to the factors of production. It uses an approach similar to general accounting procedures since the total amount of the expenditures = total income. It divides the economy into four major factors of production or sources: wages, rents, interest and profits.
