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Arturiano [62]
2 years ago
6

Expenses and revenues that relate directly to the principal revenue-generating activities of the company are classified as _____

____items on the income statement. (Enter only one word.)
Business
1 answer:
inysia [295]2 years ago
5 0

Answer:

Expenses and revenues that relate directly to the principal revenue-generating activities of the company are classified as Operating Income items on the income statement.

Explanation:

Operating Income

  • Operating income comprises revenues and expenses and gains and losses
  • It instantly correlated to the principal revenue-generating movements of the company.
  • Nonoperating income hold items that are not directly associated with these activities.

Learn more about operating income, refer:

  • brainly.com/question/15681171
  • brainly.com/question/23838348
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Wildhorse Co. took a physical inventory on December 31 and determined that goods costing $198,500 were on hand. Not included in
timofeeve [1]

Answer:

$249,500

Explanation:

Calculation for the amount that Sheridan should report as its December 31 inventory

Using this formula

December 31 inventory=Goods costing+Goods purchased +Goods sold

December 31 inventory=$198,500+$25,000+$26,000

December 31 inventory=$249,500

Therefore the amount that Sheridan should report as its December 31 inventory will be $249,500

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Which of the following describes the expected outcome of expansionary monetary policy in the short run?
Vaselesa [24]

Answer:

The correct answer is letter "A": higher employment, higher output, and a higher price level.

Explanation:

Expansionary policy is a macroeconomic concept that focuses on expanding the economy to counteract cyclical downturns. Expansionary policies can be used through monetary policy to expand the money supply or to increase government expending and tax cuts to stimulate the economy. Under this scenario, interest rates are lower and aggregate demand increases. In that case, employment, output, and price level will be higher. Though, the latter is dangerous since it could lead to high inflation.

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3 years ago
Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expend
klio [65]

Answer:

a) $34 billion.

Explanation:

Total Expenditure=Y=C+I+G+NX

= 20+2+7+5

= 34

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