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
andreev551 [17]
3 years ago
5

A business will construct its financial statements in a particular order because they are interrelated. This means that items fo

rmulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one reason the statement of owner's equity is prepared after the income statement?
a. Retained earnings are computed on the income statement.
b. Net income is the beginning retained earnings amount.
c. Retained earnings is really an asset.
d. Net income is part of the computation for ending retained earnings.
Business
1 answer:
Blizzard [7]3 years ago
7 0

Answer: d. Net income is part of the computation for ending retained earnings.

Explanation:

In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.

Retained Earnings are calculated by the formula,

Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends

Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.

You might be interested in
In a market economy why is private Ownership an important source of economic prosperity
egoroff_w [7]

Answer: Private companies are among the most significant drivers of economic growth.

Explanation:

Creating jobs, increasing trade activity, and increasing the flow of goods, providing services to the poor, and paying regular taxes to the public sector are just some of the benefits that the economic system has of private companies. Paying for their obligations to the state results in the proceeds of funds coming into health care, education, and other vital elements of the state system.

8 0
3 years ago
Read 2 more answers
When members begin taking risks, the leader will know the group is transitioning to?
Annette [7]

It decreases the need for leaders to be fully present and listen actively if they are working with another leader.

Stage of Group Transition Some people call this the "Storming" stage. Anxiety, resistance, defensiveness, control concerns, disputes among group members, issues with the leader, etc. are characteristics of this stage. It is the responsibility of leaders and followers to identify and manage tension, conflict, and resistance. Going outside of your comfort zone is what it is to take chances. Risk-taking is a human tendency ingrained in leaders and plays a significant role in their lives. Taking risks might vary depending on the leader's age, generation, and financial situation. It spreads to take risks.

Learn more about group transitioning here:

brainly.com/question/27789930

#SPJ4

8 0
1 year ago
The Juarez family is looking for a new cable company. After conducting research, they decide on a new cable provider. They call
Vadim26 [7]

The correct answer to this open question is the following.

Although there are no options provided, we can say the following.

The IMC marketing material to close the sale was the personal selling tool, using persuasion, and highlighting the benefits of the service to close the sale.

We are talking about Integrated Marketing Communications that include different disciplines such as Public Relations, Promotions, Sales, or Advertising. These resources are used by companies to plan and implement programs aimed to offer their products and services and closing the sale, relying on good customer service. Most of the modern campaigns include IMC to support the marketing effort.

5 0
3 years ago
The ______________ price ensures that those willing to pay that price will be given the product.
shepuryov [24]
The answer is market clearing
4 0
3 years ago
Bon suede, a shoe manufacturing company, produces ten thousand units of shoes of a distinct design. in 2015, the company was abl
Wittaler [7]

Answer:

b. Asset management ratios

Explanation:

Asset management ratios -

It refers to the ratio of measuring and analyzing the management of the business in order to produce the sales , is referred to as the asset management ratios .

It basically determines that how effectively a certain firm is capable to manage its assets .

Hence , from the given scenario of the question ,

The correct answer is b.  asset management ratios .

3 0
3 years ago
Other questions:
  • Which type of economy provides the least incentive for companies and workers to improve?
    14·2 answers
  • Tony received his bank statement on March 7, showing a balance of $1,669.93. The balance shown in his checkbook was $1,451.06. D
    9·1 answer
  • Suppose a security has a bid price of $100 and an ask price of $100.12. At what price can the market-maker purchase a security?
    5·1 answer
  • Under a ________ marketing system, independent production and distribution firms integrate their efforts on a contractual basis
    10·1 answer
  • A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 30000. They will sell
    7·1 answer
  • How did the US find out about the missiles being set up in Cuba?
    12·1 answer
  • 1. Nhận định nào sau đây không chính xác:
    13·1 answer
  • An investment project requires an initial investment of $100,000. The project is expected to generate net cash inflows of $28,00
    11·1 answer
  • The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account
    8·1 answer
  • Assume oil prices rise in the United States, generating concerns that inflation may increase. If the Fed wishes to ensure that i
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!