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Q: The form of income statement that derives its name form the fact that the total of all expenses is deducted from the total of all revenues is called?
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Does the statement of changes in financial position derives its information from the income statement?

No, the statement of changes in financial position does not derive its information from the income statement. The statement of changes in financial position shows the sources and uses of funds during a specific period, including cash flow from operating, investing, and financing activities. It provides a different perspective than the income statement, which focuses on revenues, expenses, and net income.

Why interest is not written in operating expenses in income statement?

Borrowing is a financing decision not an operating decision thus interest which derives from borrowing is not classified as operating either.

What language does the word 'creed' come from?

Creed derives from the Olde Englishe word creda, meaning article or statement of CHRISTIAN BELIEF, which derives from the Latin word credo, meaning "I believe".

What are considered acceptable business expenses?

Acceptable business expenses are determined based on the individual company. If the expenses are useful and do not seriously impact a company's bottom line they are acceptable. Expenses are acceptable for income tax purposes if the employee incurs them wholly and exclusively in the pursuit of the business activity and derives no personal benefit from the receipt of the money.

What is indirect reasoning?

Indirect reasoning is a method of proving a statement by showing that its negation leads to a contradiction or inconsistency. Instead of proving a statement directly, one assumes the negation of the statement and derives a contradiction to demonstrate that the original statement must be true.

Why is each statement reasonable 10 percent of 100 is 10 So 15 percent of 100 is 15?

Because the word "percent" derives from per + cent= per 100.Because the word "percent" derives from per + cent = per 100.Because the word "percent" derives from per + cent = per 100.Because the word "percent" derives from per + cent = per 100.

When was Jacques Derives born?

Jacques Derives was born on January 10, 1887, in Paris, France.

What language did DNA come from?

Deoxyribonucleic acid (DNA) derives from several languages. The term can be broken down into four parts: Deoxy + ribon + nucleic + acid Deoxy is an abbreviation of the term deoxygenated, where oxygen derives from the French oxygène. Ribon derives from the German ribose. Nucleic derives from Nuklein, which is also German. Acid derives from the Latin acidus.

Does shia equal shiite?

Shi'a and Shi'ite are synonymous. Shi'a derives from Arabic and Shi'ite derives from Farsi.

What is the name for a person who derives pleasure from the hurting others?

The term for a person who derives pleasure from hurting others is a sadist.

Which one derives its prefix from an old verb meaning to learn?

The word "discipline" derives from an old verb meaning "to learn."

What does fathom mean in the statement like he could not fathom her reason for leaving?

It means he could not understand or comprehend the reasons. The verb "fathom" (to penetrate to the meaning or nature) derives from the process of measuring water depth, the unit "fathom" being equal to 6 feet.