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Ahat [919]
3 years ago
5

Which of the following is NOT true? A. The financial statement which reports information helpful in calculating the current rati

o would be the balance sheet. B. A gain on the sale of land is included in net income from operations in a multi-step income statement. C. The governmental agency that has broad powers to prescribe accounting practices to public companies that trade on the major stock exchanges is the Securities Exchange Commission. D. Current assets will be typically be converted to cash or sold/consumed in one year or less. E. All of the above are true.
Business
1 answer:
horsena [70]3 years ago
8 0

Answer:

B. A gain on the sale of land is included in net income from operations in a multi-step income statement.

Explanation:

A multi step income statement is a detailed for of an income statement that shows the revenues, expenses, and overall position of a business. Wether it is a profit or loss.

Operational revenues and expenses are shown separately from non operational expense.

The main aim of multi step income statement bus to calculate net income.

In this scenario gain on the sale of land is supposed to be included in non operational revenue. It is not an activity that generates income from everyday operations of the business.

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Sustainable development refers to A. placing restraints on a company's growth until all ancillary support services are in place
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Answer:

The correct answer is letter "C": conducting business in a way that protects the natural environment while making economic progress.

Explanation:

Sustainable development is the capacity an institution has to satisfy individuals' needs without damaging the environment neither harming the atmosphere. To reach this stage there must be an equilibrium between the <em>economy, society, </em>and <em>the environment.</em> Sustainable development is difficult to be obtained with high poverty rates, habitats destruction, or indiscriminately resources exploitation.

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2. Which of the following statements about money are correct?
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Answer:

The statements that are correct about money are

(1) With the use of money, double coincidence of wants is not necessary in an exchange.

(2) With the use of money, the cost of looking for trading partners can be lowered.

Option: (A)

Explanation:

The concept of using money having a predefined value emerged from the idea of how convenient it would be to have a common commodity of exchange that could be used in exchange for anything and everything offered for sale. After the barter system eventually came to an end, the process of determining monetary values of commodities of day to day use began and inveterated gradually. As the prevalence of the use of common money grew, the necessity of double coincidence of wants ended soon. People who wanted to exchange wheat for maize no longer had to wait to come across someone who wanted to exchange maize for wheat.

With the introduction of money and an increase in its use, the time and efforts required to find a partner to trade with decreased dramatically. This made transactions more convenient and affordable and more people began to involve themselves in trading activities. The use of money not only dispensed ease of doing business but also helped in establishing faith and reliability among trading partners.

6 0
3 years ago
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If someone gets a 1000 dollar loan how much will their monthly payment be
SCORPION-xisa [38]

Answer:

the monthly payment column represents the principal and interest payment for each $1,000 you borrow. For example, if you borrow $100,000 for 30 years at 4.25%, your monthly payment per $1,000 borrowed would be $4.92. Multiply that factor (4.92) by 100 (100,000/1,000) to estimate your monthly payment of $492.00.

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2 years ago
Which of the following is a “DON’T” regarding scannable résumés?
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Answer:

B

Explanation:

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4 years ago
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Unlike advertising, public relations Multiple Choice supports promotional efforts by generating free media attention and goodwil
Gala2k [10]

Answer:

<em>Supports promotional efforts by generating free media attention and goodwill.</em>

Explanation:

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