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3 years ago

The income statement will present_____________.

Business

1 answer:

Nata [24]3 years ago

3 0

Answer:

The correct answer is letter "C": revenues less expensive (ordered smallest to largest amounts) with miscellaneous expense listed last.

Explanation:

The Income Statement is a report that measures the financial performance of a company over a specific accounting period. Publicly traded companies are required to produce income statements, balance sheets, and cash flow statements for each quarter and year in accordance with the Generally Accepted Accounting Principles (GAAP).

<em>The income statement shows a company's revenue, expenses and net profit from both operating and nonoperating activities. Miscellaneous expenses -minimal and extraordinary expenses of the general ledger- are recorded at the bottom of the income statement, in case there is any.</em>

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Greg was looking at different websites to complete his paper for his accounting class. He found several websites that ended in .

Masteriza [31]

In this question the options are missing; here are the options:

Which best describes how Greg could find more information about the website to check for its validation?

Greg could assume it is valid because it is a .net.

Greg could look at the contact page to validate Frank's expertise.

Greg could look to see if the website was updated recently,

Greg could assume it is valid since Frank is not selling anything.

The answer to this question is B. Greg could look at the contact page to validate Frank's expertise.

Explanation:

One of the key factors that make a source to be credible is the expertise of the author because if the author is an expert in the area, the source is generally considered as credible. For example, the words of Isaac Newton are a credible source if these are related to areas such as maths, physics, or astronomy because he was an expert in this area. In this context, one way Greg could validate this source is by checking who is Frank Smith to verify if he is an expert in the topic. This makes option B correct.

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3 years ago

On January 1, Year 1, Gallagher Corporation issued 400 comma 000 stock options for 400 comma 000 shares to a division manager.

masha68 [24]

Answer:

$1,000,000

Explanation:

Gallagher Corporation

Stock option × Option estimated fair value /Numbers of years

Stock option $400,000

Option estimated fair value $10

Numbers of years 4

Hence:

($400,000 × $10) / 4 years

=$4,000,000/4years

= $1,000,000

Therefore pretax compensation expense for year 1 will be $1,000,000

4 0

3 years ago

Brick company decides to change its inventory cost flow method from fifo to lifo. what course(s) of action must brick take to be

natka813 [3]

The answer is noted disclosure and effect on net<span> income.
In accounting, disclosure contains note worthy attachment that exist on organization's financial statement.
The things that're considered important enough to be included in disclosure should only the one that could influence the financial result significantly, such as the inventory recording method or when to recognize income.

</span>

6 0

4 years ago

Key considerations involved in planning and conducting multinational operations are affected by:

77julia77 [94]

Answer:

Values and motives of members of the organization or firm

Explanation:

Planning is the procedure or the process regarding the activities needed to accomplish the desired objective or goals of the firm or business. It is very first and foremost or important activity in order to accomplish the desired results.

The key and main considerations involve in the planning process, while conducting or performing the operations of the multinational are affected through the motives and the values of the organization or firm members.

8 0

3 years ago

Which of the following contributed most significantly to the population trend in pre-Columbian Mexico described in the excerpt?

AURORKA [14]

Answer:

The correct answer is A: Trade and settlement resulting from maize cultivation

Explanation:

Before Europeans arrived in Mexico, there were several well-settled tribes and small kingdoms in the region which were in constant conflict since generations.

Trade and Settlement due to maize cultivation had taken place thousands of years ago and by the time Europeans reached this part of the world, they found a thriving civilization which was not nomadic.

As a major crop, maize was able to provide sufficient nutrition and helped in the development of a major population centers including Mexico City.

7 0

3 years ago

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