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Vikki [24]
2 years ago
10

As seen on an income statement:

Business
2 answers:
larisa [96]2 years ago
8 0

Answer:

b. depreciation reduces both the pretax income and the net income.

Explanation:

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

An income statement comprises of the financial information about the income and expenses of an organization over a specific period of time.

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.

Generally, it can be deduced from an income statement that depreciation reduces both the pretax income and the net income of a business firm or an organization.

dlinn [17]2 years ago
4 0

Answer:

b. depreciation reduces both the pretax income and the net income.

Explanation:

As seen on an income statement: <u>depreciation reduces both the pretax income and the net income.</u>

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Orlov [11]

They have high school degrees with some or no college experience.

Explanation:

  • The workers in Transportation and Logistics careers usually have high school degrees with some or no college experience.
  • Although they do not need a degree or diploma, they usually have a high school degree.
  • Students in transportation, distribution and logistics learn and practice skills  for various post-high school education and training opportunities.
  • Career and technical education programs provides career oriented hands on learning pathways

7 0
3 years ago
Read 2 more answers
Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Manageme
NNADVOKAT [17]

Answer:

A) $1,050,000

Explanation:

Residual income

= Net operating income - (Total assets*Target rate of return)

= 1,250,000 - (20%*1,000,000)

= $1,050,000

Therefore, The division's Residual Income is $1,050,000.

5 0
3 years ago
Dana is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignme
julsineya [31]

Dana is assigned to create a training program for newly hired mortgage loan officers. She has the "responsibility" to complete this assignment.

<h3>What is mortgage loan?</h3>

A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.

The main difference between the loan and mortgage loan is-

  • Any financial arrangement where one party receives a lump sum and agrees to repay the money is referred to as a "loan."
  • A mortgage is a specific kind of loan used to fund real estate. Although a specific kind of loan, not all loans are mortgages. Loans that are "secured" are mortgages.

To know more about the mortgage, here

brainly.com/question/1318711

#SPJ4

6 0
1 year ago
Because corporate officers have the implied power to bind the firm in matters directly connected to its business, there is no li
mr Goodwill [35]

It should be noted that corporate officers have the implied power to bind the firm in matters directly connected to its business.

<h3>Who are corporate officers?</h3>

corporate officers serves as those workers in a company or an organization who are seen as officials and they have allocated duties and responsibilities .

These officers posses the power to bind the firm in matters directly connected to its business.

Learn more about corporate officers at,;

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5 0
1 year ago
How does business generate income?
Luden [163]

Hai!

This depends on the Type of Business.

If it is a Selling Business, they sell stuff to Earn Profit.

If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.  

4 0
3 years ago
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