Answer:
Lucky Enterprises Income statement
Amount in $ Amount in $
Revenue 122,100
Operating expenses:
Salaries and Wages Expense 83,300
Rent Expense 22,400
Supplies Expense 5,500
Insurance Expense 3,700
Interest Expense 800
Bad Debt Expense 900
Depreciation Expense <u> 2,100</u>
<u> </u><u>(118,700
)</u><u> </u>
Net Income/(loss) <u> </u><u>3,400</u><u> </u>
Explanation:
The income statement is the statement that shows if an organization made a net income or loss from its operations over a period of time.
It shows the sales and expenses of the organization.
Answer:
The answer is: D) $32,000
Explanation:
In 20x3, Cris. Co. paid in cash $68,000 for interest, including $15,000 of interest from 20x2.
The amount of cash paid for 20x3 interests = $68,000 - $15,000 = $53,000
Interest payable = interest expense 20x3 - cash paid for 20x3 interests
interest payable = $85,000 - $53,000 = $32,000
Answer:
b. an admission in court.
Explanation:
An admission in the law of evidence is a prior statement by an adverse party which can be admitted into evidence over a hearsay objection. In general, admissions are admissible in criminal and civil cases
Answer:
Proper tax planning makes it easier to build your personal finances and afford the things you want. Additionally, by anticipating taxes when you create your financial plan, it's possible to significantly boost how much money you will have in retirement.
Explanation:
