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Which income statement is classified by function and which one is classified by behavior?

The multi-step income statement is classified by function, and the single-step income statement is classified by behavior.


What statement best describes all compounds?

Compounds can be decomposed by physical means.


All compound with carbon are considered Organic compound?

Not all compounds with carbon are considered organic compounds; only compounds containing carbon-hydrogen (C-H) bonds are classified as organic compounds. Inorganic compounds may also contain carbon but lack C-H bonds, such as carbonates like CO3^2- or oxides like CO2.


Organic compounds are the basis for all life Explain this statement?

Organic compounds are the basis for all life forms because they are all made of mostly carbon-based compounds and not synthetic materials. Carbon is able to bond with elements easily due to having four valence electrons.


Cash receipts of interest and dividend revenue are classified as what?

other income and they are found in the income statement


How is a loss of unrealized loss reported on an income statement?

If it is classified as an income security (Trading) then it is reported in the Income Statement under Other Rev and Gains. If it is classified as an equity security (A4S) then it is reported on the income statement within Stockholders Equity Section in other comp income until realized.


It is true for all compounds Composition of ionic compounds Which is NOT true of compounds Which is?

The statement that all compounds have a composition of ionic compounds is false. Many compounds can be covalent in nature, where atoms share electrons instead of transferring them. On the other hand, it is true that compounds have a definite composition with fixed ratios of elements and compounds are formed by the bonding of two or more different elements.


How does the mass of a substance affect its density Which part of the scientific method would this statement be classified as?

Density is mass per unit volume. This statement would be clssified as a definition of a physical characteristic of mater.


What should rent be classified as on a balance sheet?

Rent is not a balance sheet account, it is an expense, hence an income statement account.


What statement best describes the properties of ionic compounds?

Ionic compounds are composed of cations (positively charged ions) and anions (negatively charged ions) held together by electrostatic forces. They tend to have high melting and boiling points due to strong ionic bonds. These compounds are often soluble in water and can conduct electricity when dissolved or melted.


The Cost of Goods Sold account is classified as?

Expense on the income statement. The COI or Merchandise Inventory is reported on the balance sheet as an asset.


Would cash received from stock sold be classified as a financing activity on the statement of cash flows?

Yes, Cash received from issuance of new capital is cash flow from financing activities in cash flow statement.