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3 years ago

Look at pic for question and answers.

Business

1 answer:

zubka84 [21]3 years ago

6 0

Answer:

It is decreased by the sale amount

Explanation:

An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.

The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.

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The founder of ABC Corp., who had only an eighth-grade education, built his company into a multinational success. He often tal

hichkok12 [17]

Answer:

C. a company's culture affects the decisions managers make.

Explanation:

Because the decision was made by the manager to not offer tuition assistance and this perspective is part of the corporation culture, since that the founder thought that education from experience was more important than from books or educational institutions.

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2 years ago

Aspen Ore purchased a vein of coal ore for $5,300,000. It is estimated that 32,000,000 tons of ore are available to be extracted

emmasim [6.3K]

Answer:

$462,094

Explanation:

Depletion expense is a charge against profits for the use of natural resources. It is calculated by multiply the number of consumed units of the natural resources by the cost per unit.

Cost per unit = Total cost / total number of units expected to be extracted = $5,300,000 / 32,000,000 = 0.165625

Depletion expense = Cost per unit x extracted units = 0.165625 x 2,790,000 = $462,094

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3 years ago

A _____________ is a matrix or two-dimensional barcode first designed for the automotive industry in japan.?

valina [46]

The answer is: QR CODE

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3 years ago

A business may survive and prosper during the growth stage even though it has neither differentiated its offering from competito

Elan Coil [88]

Answer:

B. Getting caught in the transition period without a clear strategic advantage.

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2 years ago

describe the two eligibility requirements to qualify for deducting losses generated from real estate activities.

Zolol [24]

Two exceptions to the special passive activity rule for real estate activities provide the whole or partial offset of real estate rental losses against active or portfolio income, even when the business is otherwise regarded as a passive activity.

<h3>Which rules regarding passive activities for rental revenue are exceptions?</h3>

You have a stake in the yearly commerce or economic activities.
During the current tax year or at least 2 of the 5 tax years prior, the rental property was utilized primarily in that trade or company.

<h3>Only real estate is subject to passive loss restrictions, right?</h3>

Generally speaking, the following actions can result in passive losses (and income): leasing of equipment. Rental property (though there are some exceptions) a farm or a sole proprietorship in which the taxpayer has no substantial interest.

<h3>How can passive income be balanced?</h3>

Selling off your rental properties will help you make up for your passive losses. You don't actually have to sell the property that's causing the losses to balance them effectively. Any passive income will be offset by losses.

Learn more about special passive activity rule: brainly.com/question/28137310

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8 months ago