0
Still curious? Ask our experts.
Chat with our AI personalities
Lao
Beau
ViviAdd your answer:
Earn +20 pts
What are the different methods of preparing income statement?
There are two methods of preparing Income Statement. They are:- 1. Absorption costing method. 2. variable Costing method.
Single step income statement?
single step income statement is one of two formats in which only one subtraction is done to arrive at net profit or loss as follows:Net profit or loss = revenues - expenses
Projected balance sheet assumption?
two underlying assumptions you make when preparing the Income Statement and Balance Sheet
Will a check outstanding for two months appear only on the first months bank statement?
It will not appear on any statement until it is no longer outstanding. After all, until it is presented to the bank, they have no way of knowing if you wrote the check to someone or tore it up. You have to consider it as an outstanding check when you reconcile your statement EVERY month until it appears on a statement.
Name the two classifications of people who do not pay taxes?
American Indians and Amish
