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What are the two ways of representing the Income Statement in accounting?
Wiki User
∙ 16y ago
There are two ways of presenting income statement:
Account Form
Statement Form
Wiki User
∙ 16y ago
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What occurs when income before income tax from the income statement exceeds taxable income from from the income tax returned filed with IRS?
Happens all the time, in fact everytime, both ways. Tax Accounting is different that Financial Accounting (or GAAP), which is different from IFRS, which is different from managment....etc. The different systems consider different things income and expense...or recognize them at different times. (Most, but not all difference from Financial to Tax are just in timing...but many are permanent too). The timing differences give rise to deferred tax assets and liabilities.
What is income before tax?
Its a generally used "sub total" in preparing an income statement, normally for a business. It is the net earnings (income minus expenses) before considering the expense of income tax. In many ways, what the company made. also the point that the income tax calculation is tarted from (as income taxes are not a deduction for income taxes).
What is size distribution of income?
The size distribution of income is one of two ways to measure inequality in income; other is functional distribution of income.Under this method, income of individuals and households is collected and arranged in ascending order. This data is, then, divided among groups. Most common method is to divide data into "quintiles" (i.e in five groups, each representing 20% of data) and "deciles" (i.e. in ten groups, each representing 10% of data) in percentage form. Then, it is determined that what percentage of total income is received by each income group.We can also calculate Kuznets ratio under this method which is the ratio of income of top 20% to income of bottom 40%.
What are the two ways of representing a graph?
finite and infinite graph.
What are some ways in which accounting for health care organizations especially not-for-profit ones tends to differ from accounting in other industries?
accounting for healthcare organizations in not-for-profit ,tend to differ from accounting in other industries.
How has ATM helped in Accounting system?
ATM helped in accounting system in various ways. But the most important that ATM helped to maintain the accounting records up-to-date.
Distinguish between cost accounting and financial accounting?
Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.
Where can you go to accounting school online?
There are a lot of online schools for accounting. University of Phoenix offers accounting in their online school. They provide you will ways to apply for student loans as well.
What does a fraction and a decimal have an common?
They are both ways of representing parts of whole numbers.
What do fractions percents and decimals all have in common?
They are all ways of representing numbers.
What are the Different ways in representing functions?
kagaguhan lng ang math :D
What are four different ways of representing functions?
equation graph words tables
