Students often refer to an income statement
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INCOME STATEMENT (GRADED)
Hello Class;
Students often refer to an income statement as the statement that shows how much money a company has made.Money, by definition, is something that is generally accepted as a medium of exchange or means or payment. Keeping that definition in mind, an income statement is not a measure of money, but rather it is a measure of net income (or loss) also known as profit (or loss).
Select a publicly held company like Apple, Microsoft, IBM, Hewlett Packard, Home Depot (Note: do not select a company already chosen by your classmate). Go to their website and select Investor Relations and there you will find the company’s annual report.
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INCOME STATEMENT (GRADED)
Hello Class;
Students often refer to an income statement as the statement that shows how much money a company has made.Money, by definition, is something that is generally accepted as a medium of exchange or means or payment. Keeping that definition in mind, an income statement is not a measure of money, but rather it is a measure of net income (or loss) also known as profit (or loss).
Select a publicly held company like Apple, Microsoft, IBM, Hewlett Packard, Home Depot (Note: do not select a company already chosen by your classmate). Go to their website and select Investor Relations and there you will find the company’s annual report.
Tags: DEVRY ACCT 304 WEEK 3, DEVRY ACCT 304 WEEK 3 DISCUSSIONS LATEST
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principal activities of the reporting
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TCO 5) The distinction between operating and non-operating income relates to
continuity of income.
principal activities of the reporting entity.
consistency of income stream.
reliability of measurements.
Instructor Explanation: See Chapter 4.
Points Received: 4 of 4
Comments:
Question 2. Question :
(TCO 5) Major Co. reported a 2011 income of $300,000 from continuing operations before income taxes and a before-tax extraordinary loss of $80,000. All income is subject to a 30% tax rate. In the 2011 income statement
https://www.devrycourses.com/product/devry-acct-304-week-3-quiz-latest/
TCO 5) The distinction between operating and non-operating income relates to
continuity of income.
principal activities of the reporting entity.
consistency of income stream.
reliability of measurements.
Instructor Explanation: See Chapter 4.
Points Received: 4 of 4
Comments:
Question 2. Question :
(TCO 5) Major Co. reported a 2011 income of $300,000 from continuing operations before income taxes and a before-tax extraordinary loss of $80,000. All income is subject to a 30% tax rate. In the 2011 income statement
Tags: DEVRY ACCT 304 WEEK 3, DEVRY ACCT 304 WEEK 3 QUIZ LATEST
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Quelle: https://www.devrycourses.com/product/devry-acct-304-week-3-quiz-latest/
Kartensatzinfo:
Autor: CoboCards-User
Oberthema: Education
Thema: Education
Schule / Uni: devry university
Ort: UK
Veröffentlicht: 12.02.2020
Tags: INTERNATIONAL STUDY, COMPUTER SCiENCE, ENGINEERING & TECHNOLOGY, Accounting, Business, PSCYCHOLOGY, SOCIAL SCIENCE, POLITICAL Science, Social Science, Project Risk Management, ARTS & HUMANITIES, RELIGIOUS STUDIES SOCIOLOGY
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