Business, 10.06.2020 03:57 costel8532
A business will construct its financial statements in a particular order because they are interrelated. This means that items formulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one reason the statement of owner's equity is prepared after the income statement?
a. Retained earnings are computed on the income statement.
b. Net income is the beginning retained earnings amount.
c. Retained earnings is really an asset.
d. Net income is part of the computation for ending retained earnings.
Answers: 1
Another question on Business
Business, 21.06.2019 21:10
Of the roles commonly found in the development, maintenance, and compliance efforts related to a policy and standards library, which of the following has the responsibilities of directing policies and procedures designed to protect information resources, identifying vulnerabilities, and developing a security awareness program?
Answers: 3
Business, 22.06.2019 04:10
An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?
Answers: 3
Business, 22.06.2019 08:30
Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?
Answers: 2
You know the right answer?
A business will construct its financial statements in a particular order because they are interrelat...
Questions
Mathematics, 02.12.2019 00:31
Mathematics, 02.12.2019 00:31
Health, 02.12.2019 00:31
Mathematics, 02.12.2019 00:31
Mathematics, 02.12.2019 00:31
Mathematics, 02.12.2019 00:31
Biology, 02.12.2019 00:31
Mathematics, 02.12.2019 00:31
Mathematics, 02.12.2019 00:31
