which financial statement elements (components) are reported in the income statement? multiple choice question. cash flow from operating, investing, and financing activities retained earnings and dividends assets and liabilities revenue and expenses

Question

21-10-2022
Business

Answered

which financial statement elements (components) are reported in the income statement? multiple choice question. cash flow from operating, investing, and financing activities retained earnings and dividends assets and liabilities revenue and expenses

Answer :

Other Questions

which of the following is the appropriate entry to journalize the declaration of cash dividends? a.cash dividends payable cash b.paid-in capital cash dividends

if dividends of $201,600 were in arrears on preffered stock, what would be the balance reported for retained earnings.

Which one of the following statements related to an income statement is correct? Net income is distributed to dividends and paid-in surplus. Taxes reduce both n

how does paying a liability in cash affect the accounting equation? a.assets increase; liabilities decrease b.assets decrease; liabilities decrease c.liabilitie

which of the following transactions would be reported as an investing activity on the statement of cash flows? a.issued bonds payable b.purchased long-term asse

a profit-maximizing firm in a competitive market is currently producing and selling 1000 units of output. it has an average revenue of $13, and an average cost

goals that are challenging but are realistic and achievable within the scope of the resources available to a company satisfy which aspect of smart goal criteria

What is the net present value of the following cash flow streams at an interest rate of 8. 25%: at year 0: $0; year 1: $75; year 2: $225; year 3: $0; and year 4

which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals? group of answer choices federal w-4 for

the entry to journalize the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing the corporation includes

shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-29T15:28:45-04:00

Financial statement elements that are recorded in income statement are revenues and expenses.

One of the three crucial financial statements used to represent a company's financial performance throughout a certain fiscal period is the income statement. The balance sheet and the statement of cash flows are the other two significant statements.

The revenue, expenditures, gains, and losses suffered by a business over a specific time period are the key themes of the income statement. An income statement, also referred to as the profit and loss (P&L) statement, offers vital information about a company's performance, the effectiveness of its management, underachieving industries, and its performance when compared to peers within the same industry.

Learn more about income statement here:

https://brainly.com/question/28035395

#SPJ4