Answer:
Explanation:
The statement of income records all sales revenues general and expenditure incurred during a particular period.
The balance sheet reports the assets and the liabilities of the company
So, the classification is as follows
a. Net income = income statement (I)
b. Retained earnings = balance sheet (B)
c. Depreciation expense = income statement (I)
d. Accumulated depreciation = balance sheet (B). It is deducted from the value of the respective fixed assets
e. Wages expense = income statement (I). It is shown on the debit side of the income statement
f. Wages payable = balance sheet (B). It is a current liabilities
g. Interest expense = income statement (I) It is shown on the debit side of the income statement
h. Interest payable = balance sheet (B). It is a current liabilities
i. Sales = income statement (I)
Answer: Background material, fact sheets, news releases, and sample photos are commonly found in a Press release
Explanation: A press release is an official statement that is sent to members of the media, to provide certain information related to an event or announcement made by the company, usually accompanied by certain material that documents the launch, such as photos and audiovisual material. These releases can save a company time to announce the events and with globalization, these releases can have a much greater reach than before.
Answer: Swaps
Explanation:
A foreign exchange swap is a written agreement between two parties with different currencies to exchange such currencies at a specific period of time. In a swap deal, one party to the agreement gives out currency to the other party while also collecting collecting currency from such party. The written agreement usually contains such details like the interest on the amount of exchange, as well as the loan value of one currency against the other.
Answer:
Explanation:
Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>
