Answer:
The acceptable format for reporting comprehensive income are 1. In one continuous financial statement and 4. In two separat but consecutive financial statements.
If a firm that presents a full set of financial statements has items of other comprehensive income it must present comprehensive income either (1) in a single continuous statement of comprehensive income or (2) in two separate but consecutive statements.
Answer:
1. Crane Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $23,000 and sales taxes $1,150.
Dr. Cr.
Cash $24,150
Sales $23,000
Sales tax Payable $1,150
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2. Sunland Company does not segregate sales and sales taxes. Its register total for April 15 is $14,840, which includes a 6% sales tax.
Dr. Cr.
Cash $14,840
Sales $14,000
Sales tax Payable $840
Working:
Sales Tax = ( $14,840 / 106 ) x 6 = $840
Sales = $14,840 - $840 = $14,000
Answer:
C) $29,300
Explanation:
to determine the answer we need to solve the following equation:
60 installments (C + $100) + $700 = 60 installments x $600
60C + $6,000 + $700 = $36,000
60C + $6,700 = $36,000
60C = $29,300
C = $29,300 / 60 = $488.33 per month during 5 years
Answer:
The correct answer is letter "A": They provide the receiver with greater information.
Explanation:
Concrete expressions are <em>objective </em>statements that provide data about real facts in statistics or by following a pattern that allows the audience to understand the situation. In contrast to <em>abstract expressions</em>, concrete expressions do not use biased points of view of the topic in reference allowing the audience to obtain more relevant information about it.
