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How are revenues and expenses reported on the income statement under the accrual basis of accounting?
Revenues are reported on the income statement in the period in which they are earned.
A corporation issued 200000 of common stock in exchange for 200000 of fixed assets Where would this transaction be reported on the Statement of Cash Flows?
This transaction would not appear on the statement of cash flows because it is a non-cash transaction. The statement of cash flows only shows transactions that involve inflows and outflows of cash.
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.
Accumulated Depreciation is reported on the income statement?
Accumulated Depreciation is reported on the balance sheetbecause it deals with the assets. However, depreciation expense is mentioned on the income statement.
Is Accumulated Depreciation is reported on the income statement?
Accumulated Depreciation is reported on the balance sheetbecause it deals with the assets. However, depreciation expense is mentioned on the income statement.
Unearned revenue is reported in the financial statement as what?
How do you reported unearned janitorial revenue in the financial statements
Is taxable income reported on an income statement?
Yes it is!
How are the revenues and expenses reported on the income statement under the cash basis of accounting?
They are reported in the period in which cash is received or paid
Is the repurchase of stock reported on the equity statement?
no, i dont think so
When you have stocks they are reported on which year-end statement from your broker?
1099-b
Is a ten-year bond issued at par reported as noncash flow in a statement of cash flow?
is a ten year bond issued at par reported as a non-cash flow in a statement of cash flow?
Land costing $138,463 was sold for $175,514 cash. The gain on the sale was reported on the income statement as other income. On the statement of clash flows, what amount should be reported as an investing activity from the sale of land?
37,051
