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Andreas93 [3]
3 years ago
11

In what order are the following financial statements prepared:

Business
1 answer:
abruzzese [7]3 years ago
4 0

Answer:

The financial statements are prepared in this order; income statement, balance sheet, and statement of stockholders' equity.(2,1,3)

Explanation:

The income statements contains the revenue and expenses, the net of which gives rise to a net income. The net income is what feeds into the retained earnings account to determine the closing balance of the retained earnings which is an element of the balance sheet.

After the income statement, the balance sheet is prepared. This shows the assets, liabilities and owners equity (of which retained earnings is a part).

The elements of the owners equity forms an integral part of the statement of stockholders' equity. Hence it is prepared after the balance sheet.

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Que representa el número atómico​
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Answer:

es el número total de protones que tiene cada átomo

Explanation:

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3 years ago
Nick has saved $30 per week to buy a new Blu-ray player. He compares two different models: a Panaview that is priced at $130 and
Volgvan

Answer:

1. Nick can easily determine that the Panaview model has a lower price than the Zony model. - Unit of Account.

One of the three roles money plays is that of Unit of Account. Money is used to measure the values of goods and services accurately, so that their values can be assessed, and more importantly, compared.

2. Nick saved $30 per week. - Store of Value.

Another one of the three roles of money is that of Store of Value. Money is a good that has intrinsic value, and can be amassed to save for the future.

3. Nick pays $140 for the Blu-Ray player. - Medium of Exchange.

The final role that money plays is that of Medium of Exchange. Money is a good that can be used to facilitate exchange among other goods and services because it can be easily stored, it works as a unit of account, it is accepted by many people, and it has some sort of official authority backing it.

5 0
3 years ago
With inventory, "lead time" is the term used to describe the
Sever21 [200]

Answer:

The lead time is the delay applicable for inventory control purposes. This delay is typically the sum of the supply delay, that is, the time it takes a supplier to deliver the goods once an order is placed, and the reordering delay, which is the time until an ordering opportunity arises again

Explanation:

6 0
4 years ago
A 5-year corporate bond yields 9.70%. A 5-year municipal bond of equal risk yields 6.5%. Assume that the state tax rate is zero.
Roman55 [17]

Answer:

c. 32.99%

Explanation:

Risk yield = bond yield*(1 - Federal tax rate)

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1 - Federal tax rate = 6.50%/9.70%

Federal tax rate = 1 - 6.50%/9.70%

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Therefore, The federal tax rate that you are indifferent between the two bonds is 32.99%

3 0
3 years ago
Link Co. purchased machinery that cost $3,000,000 on January 4, 2019. The entire cost was recorded as an expense. The machinery
Natali5045456 [20]

Answer:

See below

Explanation:

7 0
3 years ago
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