1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
givi [52]
3 years ago
6

Which two of the three financial statements would you find Net Income on?

Business
1 answer:
xxTIMURxx [149]3 years ago
6 0

Answer:

C) Income Statement and Cash Flow Statement

Explanation:

The Income Statement shows a clear separate entry for the Net income which is calculated after all the deductions and additions.

Net Income is the first balance shown on the cash flow statement after which the calculations are carried out to find the flow of cash in and out of the company.

Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings  or shown as a change in equity.

So best answer is C because the question asked is where would you find Net Income on?

Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.

Otherwise it is present  on all three statements ( on balance sheet as part of retained earnings or equity).

You might be interested in
A company pays $35,000 per period to rent a small building that has 12,000 square feet of space. This cost is allocated to the c
Alexus [3.1K]

Answer: $7,000

Explanation:

As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.

Department One occupies 2,400 square feet of that space.

Calculating the proportion it occupies is,

= 2,400/12,000

= 20%

Since it occupied 20% of the total space then it should be charged 20% of the rent bill.

= 20% * 35,000

= $7,000

Department One should be charged rent expense for the period of $7,000.

6 0
3 years ago
In which investment category are fair values and subsequent growth of an investee not relevant for reporting?
Iteru [2.4K]

Answer:

The correct answer is <em>held-to-maturity securities</em>.

Explanation:

Securities held until expiration (HTM) are purchased to be held until expiration. The management of a company could invest in a bond that they plan to hold until they expire. As a result, there are different accounting treatments for retained securities until maturity compared to securities that must be settled in the short term.

4 0
3 years ago
According to growth accounting studies, a country would achieve better results by promoting
sergij07 [2.7K]

Answer:

I dont really know i nee the points tho sorry hope you find help

Explanation:

6 0
3 years ago
The normal time for a repetitive task that produced two work units per cycle is 3.0 min. The plan uses a PFD allowance factor of
VLD [36.1K]

Answer:

A.- 3.45 min to produce two work units

B.- In a 8-hout shift at standard performance 274 work units are produced

Explanation:

The Standart tiem per piece would be:

StandardTime=NormalTime*(1+PFD)

Given your numbers it will be:

3 * (1 + 0.15)= 3.45

This is the time per cycle to produce 2 work units

Now, in an 8 hours shift there are 480 minutes.  Dividing between the standard time of a cycle we get the standard performance

\frac{480}{3.45} = 137.14

Rounding, we will be getting 137 cycles

Lastly, because each cycle produce 2 work units we are having a total of 274 Units

3 0
3 years ago
The following items are reported on a company's balance sheet: Cash $225,000 Marketable securities 115,000 Accounts receivable (
Mrac [35]

Answer:

i don't know

Explanation:

5 0
2 years ago
Other questions:
  • Recently you started noticing that a coworker is disinterested in his work. he has started coming in late and has taken to sitti
    6·1 answer
  • Please help me!! What is a good?
    14·2 answers
  • Samarium is a "rare-earth" element that is used to produce magnets with permanent magnetization, drugs for chemotherapy, control
    8·1 answer
  • Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However
    5·1 answer
  • Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
    6·1 answer
  • Walton Company paid $94,000 to purchase a machine on January 1, 2017. During 2019, a technological breakthrough resulted in the
    6·1 answer
  • Under a capitalistic system, decisions such as what goods and services to produce, what to charge, and how much to import or exp
    11·1 answer
  • A company budgeted unit sales of 204,000 units for January, 2017 and 240,000 units for February 2017. The company has a policy o
    8·1 answer
  • One employee is in charge of the following activities at a refreshment stand: Activity Activity Time per Customer Greet customer
    13·1 answer
  • Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!