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Olenka [21]
3 years ago
10

Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data (doll

ars in millions). Salaries and wages expenses $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 276 Sales revenue 5,730 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3,104 Advertising expense 499 Rent expense 105 Sales returns and allowances 280 Utilities expense 60 Prepare a multiple-step income statement

Business
1 answer:
Leviafan [203]3 years ago
5 0

The answer & explanation for this question is given in the attachment below.

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We are evaluating a project that costs $2,040,000, has a life of 7 years, and has no salvage value. Assume that depreciation is
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Worse case NVP

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What does the boilerplate of the press release do
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Which one of these is correct?
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Net income is distributed either to dividends or retained earnings.

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A responsible managing employee is required through the Contractor's state license board to work at least?
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Answer:

32hours or 80% of the complete working hours per week of the business

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When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.

The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.

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