Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Which of the following items is found on an income statement? (Points : 3) current assets cost of goods sold cash flows from investments owners' equity
A: This conversation has been flagged as incorrect. New answers have been added below ....
Get an answer
Original conversation
User: Which of the following items is found on an income statement?

User: Which of the following items is found on an income statement? (Points : 3) current assets cost of goods sold cash flows from investments owners' equity

Weegy: B. cost of goods sold D. owners' equity
latefisher|Points 2293|

User: _________ is the systematic write-off of the value of a tangible asset over its useful life

Weegy: Depreciation' term meaning ' is the systematic write-off of the value of a tangible asset over its estimated useful life'.
bongche|Points 2433|

User: The three important financial statements prepared by accountants are: (Points : 3) Ledger, journal, and trial balance. Cash budget, capital budget, and master budget. Revenue summary, expense summary, and consolidation statement. Balance sheet, income statement, and statement of cash flows.

User: The three important financial statements prepared by accountants are: (Points : 3) a. Ledger, journal, and trial balance. b. Cash budget, capital budget, and master budget. c. Revenue summary, expense summary, and consolidation statement. d. Balance sheet, income statement, and statement of cash flows.

Weegy: B. Cash budget, capital budget, and master budget.
Expert answered|ailahlin|Points 110|

User: During a period of rising prices, using FIFO (first in, first out) inventory valuation method will result in ________ net income figures than would LIFO (last in, first out)

Weegy: ... period of rising prices the inventory method which tends to give the highest reported? Hi - in periods of rising prices, the FIFO (fist in, [ first out) will ... [ using LIFO would result in a higher Cost of Goods Sold, a lower Net Income and a lower... What are the 10 methods of inventory valuation? ] ]
Expert answered|ailahlin|Points 110|

Question
Asked 6/29/2012 10:18:02 AM
Updated 6/29/2012 11:25:24 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by debnjerry
New answers
Rating
3
The three important financial statements prepared by accountants are: d. Balance sheet, income statement, and statement of cash flows.
Added 6/29/2012 11:24:39 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/18/2014 8:29:34 AM]
3
During a period of rising prices, using FIFO (first in, first out) inventory valuation method will result in higher net income figures than would LIFO (last in, first out).
Added 6/29/2012 11:25:26 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/18/2014 8:29:35 AM]
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,653,856 questions answered
Popular Conversations
What is 3x3 11x2 26x 30 divided by x 5?
Weegy: 3X3 = 9 11X2 = 22 26X30 = 780
2/20/2018 7:03:35 PM| 9 Answers
Suppose the U.S. can produce cars for a lower opportunity cost than ...
Weegy: Suppose the U.S. can produce cars for a lower opportunity cost than Japan while Japan has a comparative ...
2/13/2018 7:30:37 PM| 4 Answers
Solve this equation: 80 = 3y + 2y + 4 + 1. A. y = 1/5 B. ...
Weegy: 80 = 3y + 2y + 4 + 1 80 = 5y + 5 80 - 5 = 5y -5y = -75 y = 15 User: Solve the inequality: 12p + 7 > 139 ...
2/14/2018 2:20:46 PM| 3 Answers
Solve the equation: 12y = 132. A. y = 11 B. y = 144 ...
Weegy: 12y = 132 User: Solve this equation: 2s + s + 12 = 132. A. s = 40 B. s = –30 C. s = 9 D. ...
2/14/2018 2:32:47 PM| 3 Answers
What is equilibrium?
Weegy: Equilibrium is the state in which market supply and demand balance each other and, as a result, prices become ...
2/21/2018 9:09:11 PM| 3 Answers
Solve for x. 4x + 3 < 9
2/18/2018 11:19:06 AM| 3 Answers
Simplify and solve this equation for q: 3q + 5 + 2q – 5 = 65. ...
Weegy: 3q + 5 + 2q - 5 = 65 User: Solve the following inequality: 38 4 B. x 28 Weegy: 38 User: Use an ...
2/19/2018 12:26:32 AM| 3 Answers
In Elizabethan theater, ____ was especially important because there ...
Weegy: In Elizabethan theater, Imagery really important because there were no elaborate special effects,lighting ,or ...
2/19/2018 5:34:46 PM| 2 Answers
Weegy Stuff
S
L
Points 393 [Total 396] Ratings 12 Comments 243 Invitations 3 Offline
S
Points 89 [Total 89] Ratings 0 Comments 19 Invitations 7 Offline
S
P
L
P
P
Points 63 [Total 256] Ratings 0 Comments 63 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 57 [Total 12668] Ratings 0 Comments 57 Invitations 0 Offline
S
Points 50 [Total 50] Ratings 5 Comments 0 Invitations 0 Offline
S
P
Points 41 [Total 85] Ratings 1 Comments 31 Invitations 0 Offline
S
P
Points 16 [Total 33] Ratings 0 Comments 16 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.