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3 years ago

The statement of owner's equity: Multiple Choice

Business

1 answer:

QveST [7]3 years ago

5 0

Answer:

E. Reports how equity changes over a period of time.

Explanation:

Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.

And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.

There is no statement prepared to show any change in owner's equity at a point.

Statement reporting cash flows is called cash flow statement.

Therefore, correct option is:

Statement E

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In a large open economy , an investment tax credit raises the real interest rate, __________ the trade balance, and __________ n

In-s [12.5K]

Answer:

The correct approach will be "decreases, decreases."

Explanation:

The investment tax incentive helps corporations to exclude a portion of the expense including its investment towards taxes. This raises disposable income unintentionally. This increase in household inflation rate is contributing to something like an increase in the rate of trade.
As either the significance of the domestic country's currency, export industries decreasing trend as well as imports rise, resulting throughout a decline throughout the terms of payment. The capital flows grow and indeed the outflow declines even as actual interest rates go up, the decline in net investment output.

4 0

3 years ago

Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows.

ch4aika [34]

The company's degree of operating leverage is 1.29.

The degree of operating leverage(DOL) quantifies how much a company's operating income fluctuates in response to a change in sales.

The DOL ratio helps analysts determine the impact of changes in sales on company earnings.

A company with high operating leverage has a high proportion of fixed costs, which means that a large increase in sales can result in large changes in profits.

Using the formula for degree of operating leverage we get:

Degree of Operating Leverage = Contribution Margin/Operating Income

= $85200/$66200

= 1.29

Hence, The company's degree of operating leverage is 1.29.

Learn more about operating leverage:

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6 0

2 years ago

Resoudre cette equation suivante. 5 - 6 = 3 +2 x. aidez moi svp .. reponse

velikii [3]

Answer :

-2

5-6=3+2x

-1=3+2x

-1-3=2x

-4=2x

-4/2=x

-2=x

6 0

2 years ago

Which statement best describes the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence

Margarita [4]

Every organization has its own rules. The statement that best describes the Federal Deposit Insurance Corporation's is that The FDIC has issued policy statements that address auditor independence in various contexts.

Independence in auditing needs integrity and an objective way in all audit process. It also requires the auditor to perform his or her task freely and in a focused way.

The Independence of the internal auditor is simply known as the freedom from parties or people whose interests can be harmed by the outcomes of an audit.

See full question below

Which statement best describes an element of the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence?

FDIC independence requirements incorporate requirements for attorneys and actuaries.

FDIC independence requirements mirror the AICPA and DOL independence rules.

The FDIC has issued policy statements that address auditor independence in various contexts.

The FDIC has adopted regulations that incorporate IESBA independence rules.

Previous question

6 0

3 years ago

Suresh Co. expects its five departments to yield the following income for next year.

DIA [1.3K]

Answer and Explanation:

The re-computation and prepare the departmental income statements is shown below:-

Department N and T has sales dollar lower than Avoidable expenses, therefore those department will be eliminated. Also Unavoidable expenses will be occurs.

Department with less sales than avoidable expenses eliminated

Dept M Dept N Dept O Dept P Dept T Total

Sales $63,000 $0 $56,000 $42,000 $0 $161,000

Expenses

Avoidable: $9,800 $0 $22,400 $14,000 $0 $46,200

Unavoidable $51,800 $12,600 $4,200 $29,400 $9,800 $107,800

Total

expenses $61,600 $12,600 $26,600 $43,400 $9,800 $107,800

Net income

(loss) $1,400 ($12,600) $29,400 ($1,400) ($9,800) $7,000

3 0

3 years ago