Answer:
842,000 shares
Explanation:
Please the solution to the given problem in the file attached below
Answer:
that would be employers or acquaintances
Answer:
The statement which is false is D) .
Explanation:
Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .
In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.
A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.
Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.
Answer:
Net Sales
Gross Revenue $101,200
Less:
Sales Discount $288
Sales Returns <u> $1,000 </u> <u> $1,288</u>
Net Sales $99,912
Gross revenue = 83,200 + 18,000 = $101,200
Gross Profit
Net Sales $99,912
Less: Cost of Goods sold <u> ($52,747)</u>
Gross Profit $47,165
Cost of goods sold
= 44,797 - 600 + 8,550
= $52,747
A computer game that can be purchased online and played right away has good time utility.
This is because going to the store then installing the game on your computer takes time. This time can be saved by simply buying the game online and playing it right away.
