Net sales is the sum of a company's gross sales minus its returns, allowances, and discounts. Net sales calculations are not always transparent externally. They can often be factored into the reporting of top line revenues reported on the income statement. 公司总销售额减去退回、折让和折扣的金...
income statement,operating statement,profit-and-loss statement financial statement,statement- a document showing credits and debits Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Want to thank TFD for its existence?Tell a friend about us, add a ...
38.?A debit balance in the Cash Over and Short account reflects an expense and is reported on the income statement as part of general and administrative expenses.?Answer: TrueBlooms: RememberAACSB: CommunicationAICPA BB: IndustryAICPA FN: ReportingDifficulty: 1 EasyLearning Objective: 08-P1Topic:...
Summarize the information by selecting and reporting the main features and make comparisons where relevant. Write at least 150 words. Task 1 表格 - - 范文 答题 Some people think a job not only provides income but also a social life. Others think it is better to develop a social life ...
orgrossprofit. The term earnings is most commonly used when discussing the bottom line of a company’sincome statement(利润表; 损益表). The term profit is commonly associated with the three most important points on the income statement: gross profit(毛利润), operating profit(营业利润), and ne...
It might be a shocking truth for who is new to Accounting. Indeed, this is not always true, especially if we operate under thecashbasis, instead of the accrual basis principle. On the other hand, most companies operate under the accrual principle. Thus, while the income statement and its ...
2. A net loss is shown on the work sheet in the credit columns of both the Income Statement columns and the Balance Sheet columns. 3. The difference between a classified balance sheet and one that is not classified is that the classified one has subheadings. 4. Since the adjustments are ...
52. ___ is a true statement. A) During periods of inflation, LIFO makes the balance sheet less representative of the actual inventory values than if FIFO were used 53.The level of real income of a firm can be distorted by the reporting of depreciation and interest expense. During periods...
the costsischargedtothe income statementasan operating cost on the basis of the quantity of ore mined [...] mmg.com mmg.com 成本之一部分於損益表中以營運成本 扣除,營運成本 按所開採礦石數量或礦石中所含礦物數量之基準(即營運之已知 礦物儲量)計算。
Accumulated other comprehensive income is displayed on the balance sheet in some instances to alert financial statement users to a potential for a realized gain or loss on the income statement down the road. OCI is an important measure of generally larger corporations' value. ...