Balance Sheet and income statement account include supplies, amount payable for interest and salaries.
<h3>
What is a Balance Sheet?</h3>
Balance Sheet are financial statement that shows a company's assets and liabilities.
The pair of balance sheet and income Statement account that can require adjustment include,
- Supplies of goods and services
- Unearned Revenue
- Salaries and Wages Payable
- Interest Payable
- Income Tax Payable Balance
This adjustment is dependent on the amount of increase or decrease that is made on the account.
Therefore, Balance Sheet and income statement account include supplies, amount payable for interest and salaries.
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Answer:
Sustainability is how long a business can last or strive in the market while going about their responsibilities. Corporate social responsibility is doing business in ways that are beneficial and not harmful to the society or environment.
An organization cannot be good at both if they cannot balance their responsibilities toward their workers, society or government.
A company can be involved in the production of good products at low cost and yet they are involved in wasting natural resources and emission of carbon. Such a company is not environmental friendly and is not socially responsible.
CSR and sustainability go together these days. The relationship here is that if a company is able to benefit the society and environment, then it would be able to get increased output, a positive image and quite a good number of customer base would want to patronize them for being socially responsible.
The difference between them is that CSR takes the welfare of all parties into consideration, the society and environment inclusive. While sustainability does not consider all factors.
Answer:
$62,000
Explanation:
Calculation for Devin’s recognized gain
Fist step in to calculate the Consideration amount received by Devin’s
Consideration received by Devin’s=$65,000×0.80+$5,000+$20,000
Consideration received by Devin’s=$77,000
Second step is less the adjusted basis to the Consideration received by Devin’s in order to know the gain
Consideration received by Devin’s $77,000
Less Adjusted basis $15,000
Gain $62,000
($77,000-$15,000)
Therefore Devin’s recognized gain is $62,000
I advise her to stay on task and never to talk to anyone
Answer:
Pre-tax income= $50,000
Explanation:
Giving the following information:
Selling price per unit=$15 each
Unitary variable cost= $10
Fixed costs= $200,000
Sales in units= 50,000
<u>First, we will determine the unitary contribution margin:</u>
Unitary contribution margin= 15 - 10= $5
<u>Now, the pre-tax income:</u>
Pre-tax income= 50,000*5 - 200,000
Pre-tax income= $50,000