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
kykrilka [37]
3 years ago
6

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.

You might be interested in
I need to solve this question with a formal
asambeis [7]

Answer:

yes

Explanation:

he's been said to do with this was also like

3 0
3 years ago
If a currency's spot market is liquid, its exchange rate will ________ highly sensitive to a single large purchase or sale of th
Troyanec [42]

Answer:

The correct answers to fill the blank spaces are not be; small

Explanation:

If a currency's spot market is liquid, its exchange rate will not be highly sensitive to a single large purchase or sale of the currency. Therefore, the change in the equilibrium exchange rate will be relatively small.

7 0
3 years ago
Read 2 more answers
Which of the following would further an economic goal of efficiency?
max2010maxim [7]

Answer:

The correct answer is (C)

Explanation:

Economics is all about allocating limited resources to attain maximum utility. In that regard, efficiency can be achieved by giving contracts to companies with higher productivity. These companies are all about attaining maximum productivity by investing limited resource. More productivity will increase the utility, and that will improve economic efficiency. So it is critical to give projects and contracts to certain companies which can increase the overall productivity.

7 0
3 years ago
The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The exp
Svet_ta [14]

Answer:

b. $4,908,000

Explanation:

According to the FASB GAAP, the straight line method is used in this given question which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($40,900,000 - $4,090,000) ÷ (15 years)

= ($36,810,000) ÷ (15 years)  

= $2,454,000

In this method, the depreciation is same for all the remaining useful life

For two years, the accumulated depreciation would be

= Annual year depreciation × number of years

= $2,454,000 × 2 years

= $4,908,000

7 0
3 years ago
Frank decides that a social media campaign is the best way for him to attract new business to Slice of Life Pizza. After Frank i
Softa [21]

Answer: identify your target audience

Explanation:

Since Frank has identified his strategies and goals, then the next step in the campaign will be to identify the target audience.

The target audience refers to the consumers that are likely to attract new business to Slice of Life Pizza. This is vital for Frank to be able to reach out to more customers and make profit.

3 0
3 years ago
Other questions:
  • How do fears of future economic problems affect gdp?
    13·2 answers
  • Creative Sound Systems sold investments, land, and its own common stock for $38 million, $15.8 million, and $41.6 million, respe
    8·1 answer
  • Which of the following correctly describes how price adjustments eliminate a shortage?
    15·1 answer
  • The following amounts are reported in the ledger of Mariah Company: Assets $ 78,000 Liabilities 41,000 Retained Earnings 9,000 W
    8·1 answer
  • What is the discounted payback of a project that has an initial outlay of $20,000 and will generate $6,000 in year 1, $12,000 in
    14·1 answer
  • McDonald's is an example of a ________ franchise. a. conversion formsb. trade namec. product distributiond. pure
    15·2 answers
  • A person has a comparative advantage in activity X when that person's: O opportunity cost of performing that activity is very hi
    14·1 answer
  • The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours:________
    7·1 answer
  • Austin sound sold inventory for $ 300,000, terms 2​/10, ​n/30. cost of goods sold was $152,000. how much sales revenue will aust
    9·1 answer
  • Within the manufacturing plant of Reliable Garment Production Co., a company that makes clothing for many of the top fashion lab
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!