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KengaRu [80]
2 years ago
12

The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and

Taxes.​ Next, interest expense is subtracted to find the taxable income for the period. Then the appropriate taxes are calculated and subtracted. We finally arrive at the​ ________ , the so called bottom line of the income statement. Group of answer choices

Business
1 answer:
Serggg [28]2 years ago
6 0

Full question attached

Answer:

D. Earnings before interest and taxes(EBIT)

Explanation:

Earnings before interest and taxes abbreviated EBIT in the income statement is arrived at by deducting operating expenses from revenue/sales to get operating income. The operating income is earnings before interest and taxes which comes before gross income(subtract other expenses). Operating expenses are the main expenses concerned with operations of the business such as the Sales

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Which of the following statements about operations management in the service sector is most accurate? Operations management in t
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As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she
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As Lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.

<h3><u>What is encoding?</u></h3>
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Answer:

The journal entries are as follows:

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Unearned compensation A/c Dr. $5,75,000

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(b) On July 25, 2018,

common stock A/c Dr. $1,15,000

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