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What types of questions are answered by the income statement and balance sheet?

The income and balance sheet shows the amount of debt a company has. To investors, this is a way to determine if they are capable of meeting their obligations.


Where can I get advice on my income tax questions?

For questions about income taxes you can first go to irs.gov. There are many preselected questions that may help you out. If you still have questions you may want to try H&R Block online there may be a fee involved but your questions will be answered by a knowledgeable .


Which is typically answered with the income statement?

Income statements will show gross wages, Federal, State, Local withholding taxes, FICA tax and net pay.


How do you do Income statement?

Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.


How do you prepare comparative income statement?

Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.


What are the two categories of the income statement?

Following are two catagories of income statement: 1- Single Step Income statement 2- Multy-step income statement


Is income statement same as financial statement?

no. income statement is a only a statement in financial statements.


What is a projected income statement?

projected income statement is the estimated income statement to estimate the future business position.


Where can one go to get their income tax questions answered?

H and R block is a great place to ask your tax questions. The will do your taxes for you if you pay them, but they are fully staffed with kind people waiting to answer your questions.


Which financial statement summarises income and expenditure?

income statement


Does fees earned go on an income statement?

income statement


What are the Types of income statement?

1. Single step income statement 2 – Multi-step income statement