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mostly what you spent on your previous shoping spree and you checking balance
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What items might be in the financial statements but not actually on the balance sheet income statement statement of retained earnings or statement of cash flows?
Since the notes to the financial statements form part of the financial statements and are a component of financial statements, certain disclosures found in the notes may not be found in the balance sheet, income statement, statement of retained earnings or statement of cash flows.
Difference between marchindising income statement and manufacturing income statement?
Both statements are difference in this way that in merchandising income statement there is only one purchases items while in manufacturing income statement there is complete manufacturing account is also prepared to show manufacturing process as well.
Why are income statement accounts called temporary accounts?
All items in income statements are temporary accounts because at the year end all close to income summary account and transfer to balance sheet in shape of profit or loss to be income statement starts with zero from next year.
Net income appears on what statements?
It appears at: Income statement Balance sheet
Which of these statements abut state income taxes is false?
All states have state income taxes.
What items might be in the financial statements but not actually on the balance sheet income statement statement of retained earnings or statement of cash flows?
Since the notes to the financial statements form part of the financial statements and are a component of financial statements, certain disclosures found in the notes may not be found in the balance sheet, income statement, statement of retained earnings or statement of cash flows.
Difference between marchindising income statement and manufacturing income statement?
Both statements are difference in this way that in merchandising income statement there is only one purchases items while in manufacturing income statement there is complete manufacturing account is also prepared to show manufacturing process as well.
Why are income statement accounts called temporary accounts?
All items in income statements are temporary accounts because at the year end all close to income summary account and transfer to balance sheet in shape of profit or loss to be income statement starts with zero from next year.
Is audit prepaid expenses entry come in income statement?
Prepaid expenses are not part of income statements, in accrual accounting income and expenses are only shown in income statements when they are actually incurred.
Net income appears on what statements?
It appears at: Income statement Balance sheet
What is income statements?
Back to back letter
How would you describe an income statement?
Income statements show net income for a period of time (income minus expenses).
What is net recurring in income statements?
Law of effect
Are balance sheets ordinarily projected after income statements?
Balance sheets are ordinarily projected after income statements because the firm's growth in retained earnings, an outcome of projected income, is a required input for the balance sheet.
Can a person get a loan using bank statements as proof of income?
I have received mortgage loans based on my bank statements as proof of income since my sole source of income is Federal benefits for which no weekly statement is issued.
Which of these statements abut state income taxes is false?
All states have state income taxes.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
