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Is purchases an income or an expense?
it is neither an expense nor an income
What effect will the declaration and distribution of a stock dividend have on the net income and cash flows?
19. What effect will the declaration and distribution of a stock dividend have on net income and cash flows? (Points : 2)No effect on net income or cash flowsNo effect on net income, decrease cash flowsDecrease net income, decrease cash flowsIncrease net income, no effect on cash flows
What are other names for credit purchases on an income statement?
what are other name for credit purchase
What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
If a company uses the periodic inventory system what is the impact on net income of including goods in transit fob shipping point in purchases but not ending inventory?
Understate net income
What is the effect of taxes on your income and purchases?
Income reduced & Purchase value Increased.
Is purchases an income or an expense?
it is neither an expense nor an income
Do purchases go on an income statement?
No, purchases do not go on an income statement. The income statement only includes revenues and expenses directly related to the operation of the business. Purchases are recorded on the balance sheet as an increase in inventory or as an expense when the inventory is sold.
Where do you find credit purchases in financial statements?
Credit purchases are shown in income statement as a part of total purchases.
The amount of the purchases for a period is presented in the expenses section of the income statement?
The amount of the purchases for a period is presented in
Price effect is a combination of income effect and substitution effect?
Yes, Price effect = substitution effect + income effect
What describes the effect of purchases that consumers make?
The purchases that consumers make indicate their desires to producers.
An article on income effect and substitution effect?
chnage in consumer's equilbrium due to change in income of the consumer..known as income effect.
Is purchases a balance sheet item?
No, purchases are not typically shown as a balance sheet item. Purchases represent the cost of goods or services acquired by a business, and they are typically reported on the income statement as an expense. The balance sheet primarily includes assets, liabilities, and shareholders' equity.
What effect will the declaration and distribution of a stock dividend have on the net income and cash flows?
19. What effect will the declaration and distribution of a stock dividend have on net income and cash flows? (Points : 2)No effect on net income or cash flowsNo effect on net income, decrease cash flowsDecrease net income, decrease cash flowsIncrease net income, no effect on cash flows
What are other names for credit purchases on an income statement?
what are other name for credit purchase
Are purchases of supplies included on a 1099?
Purchases of supplies are not included on a 1099, instead they are included as an expense on a Schedule C Business Form when you file your income taxes.
