Answer:
The correct answer is letter "C": Usually focuses on pro forma earnings, usually on a non-GAAP basis.
Explanation:
Pro forma is primarily used in the preparation of financial statements written by accountants. In accounting, pro forma financial statements are used to display the company's financial performance, except non-recurring extraordinary events that arise during the year, including losses or gains. Pro forma financials do not follow <em>Generally Accepted Accounting Principles</em> (GAAP).
Explanation:
the different types of professions related to financial sector are auditor accountant CA bank manager
Answer:
deduction = 0 in 2015
Deduction = $ 15000 in 2016
balance = $20000
it is carried forward to the year 2017
Explanation:
given data
partnership interest = $40,000
partnership loss = $35,000
partnership income = $15,000
to find out
How much may Kay deduct in 2015 and 2016
solution
we can say that Loss is adjust or deduct against Profit of Kay when it makes profit during a year
so as that Kay make loss in 2015 and no profits during that year to adjust those loses against
so deduction = 0 in 2015
but
in 2016
Kay income = $ 15000
Kay adjust loss of previous year against this income to extent of income available
so Deduction = $ 15000 in 2016
and after that
here balance after deducting the passive loss is
balance = $35000 - $15000
balance = $20000
it is carried forward to the year 2017
Answer:
Yes, service companies have advantages in the use of this type of tools compared to production companies.
Explanation:
These companies can make massive use of social networks to increase their coverage and satisfaction, and this is achieved by identifying the needs of people to be able to offer services with security and confidence. Any person can require insurance of any kind at least once in their life, and it is at this point that it must be established in such a way that all the offer for which potential customers can decide is known.
Insurance companies have a great advantage over other sectors, and that is that they can easily offer their services through electronic means, online advertising, banners, etc., on the other hand, a company that is dedicated to producing must establish a penetration strategy offering its services or products to potential stakeholders who identify themselves in the sector.
Answer:
Variable overhead efficiency variance= $558 favorable
Explanation:
Giving the following information:
Variable overhead 0.60 hours $ 3.10 per hour
Actual output 4,100 units
Actual direct labor-hours 2,280 hours
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Variable overhead efficiency variance= (0.6*4,100 - 2,280)*3.10
Variable overhead efficiency variance= $558 favorable
