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Taxable income of a corporation differs from pretax financial income because of?
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∙ 12y ago
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∙ 12y ago
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What are the three accounting period?
The time taken to perform a particular set of financial statements is called accounting period. It differs with various reports and company types. The major 3 accounting periods are as follows:CalenderPiscalNatural business
What financial statement is concerned with the company at a point in time?
This relates to a company's balance sheet (aka statement of financial position). The balance sheet provides, in essence, a "snapshot" of a company at a point in time. This differs from a statement of cash flows, or an income statement, both of which essentially show the events or transactions of a company that occurred during a certain period of time.
What are the characteristic of profit?
its primary purpose is typically to fulfill a social mission instead of generating profits, and it differs from a governmental organization because in the United States it is not owned or controlled by any level of government.
Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process?
Recording.
Explain the purpose and nature of budgeting process?
3.1 Purpose and nature of budgeting process adoptedBudget is a monetary plan of a department, project, or organization that estimates probable income and expenditure of a specific period. From government, large corporation to small company, family or individual prepare budget. Purpose of budget:Estimating future income, expenditure and obviously profitabilityProviding a financial framework to managers for decision makingAnother purpose of budgeting is to help managers to compare the estimated output with actual performanceNature of budgeting process adopted in the case:Estimated the financial environment on the basis of last budgetDetermined the probable amount of cash will be generated from sales or other activitiesDefined the required expenditure such as raw materials,labors, production overheads and advertisements.Then subtracting estimated expenses from estimated revenues. Whether the budget is surplus or deficit is determined.After review and revised then final budget is submitted.After the budget period ending, then estimated results are compared with actual result. Actually budgeting process may be differs from budget to budget, company to company.
A novel differs from a short story because it?
A novel differs from a short story because it is more likely to include a subplot.
What is the difference between LLC vs Inc?
Inc. refers to an entity being a corporation while LLC means limited liability company. The difference is in the structure of the companies. A corporation also offers limited liability, but it differs from a corporation in structure and the regulations it must follow.
How does humans digestion differs from rabbits?
It differs because Rudolph the Red nose Reindeer doesn't like cheese.
How the nuclear atom differs from the uniform sphere model of the atom?
The nuclear atom differs from the uniform sphere model, because they both are made from different atoms because of the elements.
A digital signal differs from an analog signal because it?
it is continuous
When An oversimplification differs from a sound generalization because?
more factors
Explain what a food web is and how it differs from a food chain?
a food web is when you have different varieties and it differs because a food chain is only a line
What are GAAP Financial statements?
Generally Accepted Accounting Principles. These are a framework of guidelines for financial accounting. The GAAP in each country differs and the standards are shaped by the relevant country company law and governed by an accounting standards board.
What is an ecological race?
An ecological race is a population of a species that differs genetically because of adaptation to different living conditions.
Fascism differs from communism because .?
Fascism supports private enterprise. A+
An opinion differs from a fact because it?
is subjective while facts are objective
What is an ethical consumer?
An ethical consumer is a person, government or corporation that acquires goods biased on some moral stance. This differs from acquiring goods biased solely off monetary cost.
