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gayaneshka [121]
3 years ago
9

Where is the time period covered by the income statement found?.

Business
1 answer:
Alex Ar [27]3 years ago
5 0

One can find the time period covered by an income statement in its<u> title/ heading</u>.

<h3>Facts about the Income Statement. </h3>
  • Shows the revenue, expenses, and income of a company.
  • Covers a certain time period only.

That time period is included in the title of the income statement. For instance, a typical income statement would read - "Parrain Inc. Income Statement for the year ended December 31, 2022."

In conclusion, it is located at the heading.

Find out more on income statements at brainly.com/question/14818051.

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Sole proprietorship has a single owner while partnerships has two or more owners.
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Micromedia company offers computer training seminars on a variety of topics. In the seminars each student works at a personal co
Soloha48 [4]

Answer:

the break-even quantity is 18 students

Explanation:

Break Even point is when a firm neither makes a profit nor a loss

Break Even = Fixed Costs/Contribution per Unit

                   = $4800/($300-$30)

                   = 17.77777778

                   = 18 students

Please note that, the cost for the conference room, instructor compensation, lab assistants, and promotion is $4800 represents a fixed cost as this does not vary with the number of students taking the training seminars.

3 0
3 years ago
Computers Inc. is a United States computer and consumer electronics company that designs and manufactures electronic devices. Co
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No the electronic devices where made to text and easier to text
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4 years ago
A paper company is opening a new facility in Canada to increase its paper production. The company researched Canadian pulp suppl
Alik [6]

Answer: Proposal Solicitation Step

Explanation: There are Eight (8) stages in organizational buying process, and they inculde:

1. Problem recognition

2. Need description

3. Product Specification

4. Supplier search

5. Proposal Solicitation

6. Supplier selection

7. Order

8. Performance review.

The Proposal solicitation step is were selected potential suppliers will be asked to submit a proposal which will include catalogs and other documents that will give them a better advantage than others for review by the selecting company.

4 0
3 years ago
Denver Company, a calendar year corporation, had the following actual income before income tax expense and estimated effective a
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Answer:

Denver Company

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Pre-tax quarter income = $140,000

Estimated tax rate = 24%

Tax Expense = $140,000 x 24%

= $33,600

Explanation:

a) Data:

Quarter    income before tax        estimated tax rate

first                 $100k                          30%

second           $140k                          24%

b) Denver's quarter second income tax expense is the product of the pretax income for the second quarter and the estimated income tax rate for the quarter.  The resulting calculation shows the estimated income tax expense that has to be settled by Denver.  If it is not settled in the quarter second period, it has to be carried forward to the next quarter as a liability under the heading, Income Tax Payable.

7 0
4 years ago
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