The Income Statement is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s operations over an accounting period.
<u>Explanation:</u>
The Income Statement is one of the company’s center financial reports that confers their gain and loss over a remarkable time. The gain or loss is circumscribed by practicing all revenues and deducting all liabilities from both working and non-operating exercises.
The income statement is a vital element of a company’s execution reports that need to be yielded to the Securities and Exchange Commission (SEC). An income statement presents worthy insights into a company’s operations, the performance of its management, underperforming areas and its production applicable to industry rivals.
Answer:
b. burnout
Explanation:
-Depression is an illness that makes people feel sad and without interest in performing activities that they used to do.
-Burnout is when a person is really tired because of a lot of stress and the person feels exhausted, overwhelmed, unmotivated and with a negative attitude.
-Insomnia is when a person has a problem to fall sleep and people feel that they are not able to rest.
-Occupational disease is an illness that is caused by the conditions in your job.
According to this, the answer is that such symptoms are most likely an indication that the subordinate is experiencing burnout because it appears when a person has a lot of stress which results in being in a bad mood, unmotivated and the person neglects the job.
Answer:
1. Qatar
2. Macao SAR
3. Luxembourg
Explanation:
The 3 wealthiest countries in the world according to GDP (PPP) is Qatar - $134,623, Macao SAR - $122,201 and Luxembourg - $108,813
Answer:
$2,933
Explanation:
The company had a net income of $8,110, and paid 30% of it to its shareholders, therefore:
$8,110 x 0.30 = $2,433.
But it also repurchased $500 worth of common stock, and this is to be distributed among the sharedholders as well, thus:
$2,433 + $500 = $2,933
Answer:
Explanation:
In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
where,
Book value = Equipment cost - accumulated depreciation
= $672,000 - $174,000
= $498,000
And, the fair value is $384,000
Now put these values to the above formula
So, the value would equal to
= $498,000 - $384,00
= $114,000
Now the journal entry would be
Loss on impairment A/c Dr $114,000
To Accumulated depreciation A/c $114,000
(Being the impairment loss is recorded)