Answer:
Income statement for the year XXXX ended August 31th
Consulting fees earned 27,000
Rent expense 9,550
Salaries expense 5,600
Telephone expense 860
Miscellaneous expenses <u> 520 </u>
Total expenses 16,530
Net income 10,470
Explanation:
To solve for net income we have to subtract revenue for expenses
the expenses will have the word expense in their name,
Is important to notice dividends are not expense as they represent the distribution of earned to the stockholders or owners of the company. It doesnt' represent an expense associate with the outgoing business activities.
I believe the answer is A becuase working at a lemonade stand helps you kinda run a business if you think about it
The answer to the question which of the following statements about renting owning is correct is letter "B" An owner has a complete responsibility and control over the property.
Based on the definition of owner and renter, as well as its comparison, no doubt that the answer is indeed letter "B".
Household net disposable income is calculated by taking the sum of household income, wages, and other earned money and subtracting all income taxes paid. To break this down, you will add up your household wages, salaries, any other income, net property income (if applicable), and any net transfers in kind (net amount).
Answer:
$180 is the correct answer!!!
Explanation:
