Question and answer
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
This conversation has been flagged as incorrect. Can you answer it? Please add your answer below ....
Ask a question
Not a good answer? Get an answer now. (Free)
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, not copied, 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, not copied, 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.
Questions asked by the same visitor
True or False: Cash revenues from the sale of new cars at Pete's Auto Emporium would be listed as a cash inflow from operations on Pete's statement of cash flows
Weegy: True User: True or False: To be effective, an internal auditor must be critical of any improprieties or deficiencies found in the financial activities of the firm Weegy: Yes Weegy agrees to your statement. :) So any other concerns with an "internal auditor" we can help you!? [smile] User: True or False: Financial managers are responsible for buying merchandise on credit and collecting payment from accounts receivable. Weegy: true ... (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 6/29/2012 10:02:23 AM
0 Answers/Comments
True or False: Patents and copyrights are examples of intangible assets
Weegy: True. Examples of intangible assets with identifiable useful lives include copyrights and patents. (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 6/29/2012 10:07:30 AM
0 Answers/Comments
True or False: One important source of financing for most small businesses is the owners' savings. If the owner contributes money to the business from his/her personal savings, it is will be recorded in the Owner's Equity account on the balance sheet.
Weegy: I don't think it's a good idea to co-mingle your own money with company money. From what I've read, YOUR money is looked upon as a loan and needs to be repaid, to YOU. it is NOT equity. User: True or False : Financial managers are responsible for controlling cash flows. User: True or False: Although a firm may use different inventory valuation methods, generally accepted accounting principles (GAAP) states that these methods must ... (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 6/29/2012 10:10:50 AM
0 Answers/Comments
Essentially, the cash flow statement is concerned with the flow of cash in and cash out of the business.
Weegy: Essentially, the cash flow statement is concerned with the flow of cash in and cash out of the business. (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 6/29/2012 9:57:45 AM
0 Answers/Comments
16,939,707 questions answered
Popular Conversations
A pet store has eight dogs and cats. Three are dogs. What fraction ...
Weegy: A pet store has eight dogs and cats. Three are dogs. 3/8 is the fraction that represents the cats.
7/25/2014 8:45:25 PM| 4 Answers
imitation of natural sounds User: irony
Weegy: Irony is the expression of one s meaning by using language that normally signifies the opposite, typically for ...
7/25/2014 8:39:37 AM| 2 Answers
A catharsis is a cleansing of emotions. True False
Weegy: Catharsis is defined as the purging of the emotions or relieving of emotional tensions, especially through ...
7/25/2014 10:33:32 AM| 2 Answers
Given two points on the line, input the equation of the line in ...
Weegy: The equation of the line in standard form Ax + By = C is 40 Solution: firstly, [ you know that the slope of a ...
7/25/2014 12:25:44 PM| 2 Answers
Find the y-intercept for the line represented by the following ...
Weegy: The y-intercept for the line represented by the equation you have provided is C. (0,-3).
7/25/2014 10:22:56 PM| 2 Answers
2. ______ is the last phase in the program development life cycle. ...
Weegy: Maintenance is the last phase in the program development life cycle.
7/25/2014 10:45:27 PM| 2 Answers
When is the May/June 2014 Waec result coming out?
Weegy: It is already out, to check the result please do the following: Waec Result Checker online for 2014 1 Enter ...
7/26/2014 3:07:28 AM| 2 Answers
14. Select the NIMS term that is defined as 'the architecture to ...
Weegy: Multiagency Coordination is defined as 'the architecture to support coordination for incident prioritization, ...
7/25/2014 12:13:02 AM| 1 Answers
I am going to meet my girlfriend’s father for the very first ...
Weegy: 1 Dress nicely. Her family will like someone who looks mature and put together. Don't wear jeans that hang to ...
7/25/2014 12:35:52 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 2040 [Total 21040]| Ratings 1| Comments 2030| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 1981 [Total 17110]| Ratings 0| Comments 1981| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1719 [Total 14274]| Ratings 1| Comments 1709| Invitations 0|Offline
S
L
1
Points 1454 [Total 3637]| Ratings 2| Comments 1434| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1194 [Total 7371]| Ratings 2| Comments 1174| Invitations 0|Offline
S
1
L
Points 1028 [Total 3164]| Ratings 6| Comments 968| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 908 [Total 10516]| Ratings 0| Comments 908| Invitations 0|Offline
S
1
L
Points 792 [Total 4468]| Ratings 2| Comments 772| Invitations 0|Offline
S
P
C
L
P
L
1
Points 753 [Total 5807]| Ratings 4| Comments 713| Invitations 0|Offline
S
Points 272 [Total 420]| Ratings 2| Comments 252| Invitations 0|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.