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What does income opportunity mean?
FINANCIAL INCOME!!!
Describe the diffferences between financial statement income and taxable income?
There is some difference in financial statement income as well as taxable income as in financial statement income there are items which are not allowed by tax authorities and main item is depreciation. Other factors are that tax is deducted on income which is received while in financial statement income included revenue which is not received or accrual items that needs to be adjusted as well that's why financial statement income and taxable income is not same.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
Where is outstanding income in the financial accounting?
what is outstand income
Which financial statement summarises income and expenditure?
income statement
With respect to prepaid income from services is the treatment of prepaid income the same for tax and financial accounting?
No - for financial accounting it is treated as deffered income (included in income when earned) and for tax perposes it is income in the year received.
What is income tex?
An income tax is a tax imposed by a government directly on financial income. It varies with the income or profits of the taxpayer.
Which financial statement shows the net income earned by a company?
The income statement.
Taxable income of a corporation differs from pretax financial income because of?
d
On which financial statement will income summary be shown a statemenet of owners equity b balance sheet c income statement d no financial statement?
D. No financial statement. Income summary is only used at the end of the period and is the account with no balance.
What is the income maximum for financial aid?
There is none.
How to Calculate income tax on the income statement?
You can't income tax is based on TAXABLE income, not financial statement income.
