Income statement explained When you look at your P&L, it will answer questions such as: Is the company making any return? Is the organization making enough revenues to cover for its expenses? Let us see a real Income Statement below: The Income Statement or Profit and Loss is a financial ...
Any significant variance should be explained. While you may learn to expect certain levels of variances in numbers such as revenue from Part B billing or supply expenses, any unexpected variances should be investigated. By investigating and explaining variances, one can decide if a variance is a ...
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As explained earlier in the chapter, dividends to stockholders arenotconsidered an expense of the business; therefore, they arenottaken into account in determining net income for the period. Since dividends are not an expense, the Dividends account isnotclosed to the Income Summary account. Instead...
85. In this section we have explained how many people in modern society do satisfy their need for the power process to a greater or lesser extent. But we think that for the majority of people the need for the power process is not fully satisfied. In the first place, those who have an...
While he has been vague in general, President Biden made one specific statement with regard to big tech. He has said he wants to revoke Section 230 of the Communications Decency Act. This provision stops Internet platforms from being sued for what people post on their platforms. Biden argued ...