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. 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, 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 User: True or False: Accounting is an easy subject for people to understand because almost everyone is exposed to basic accounting concepts in their everyday life. Weegy: True. User: True or False :One of the most common ways for a firm to fail financially is poor control over cash flow (More)
Question
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
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 produce the same dollar value for the cost of goods sold. Weegy: The answer is True. User: True or False : A business manager who keeps his/her customers satisfied can be successful without having a great deal of knowledge about accounting practices. Weegy: The answer is False. User: Which of the following items is found on an income statement? Weegy: Please state the options. User: current assets cost of goods sold cash flows from investments owners' equity (More)
Question
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
Expert Answered
Asked 6/29/2012 9:57:45 AM
0 Answers/Comments
17,495,969 questions answered
Popular Conversations
He was arrested for A. misogyny. B. bigamy. C. philanthropy. D. ...
Weegy: He was arrested for: BIGAMY. User: A neurotic is suffering from A. neurasthenics. B. neurosis. C. ...
9/22/2014 5:30:20 PM| 4 Answers
El Niño occurs every 2 to 12 years.
Weegy: El Niño occurs every 2 to 12 years. This is true.
9/22/2014 4:30:12 PM| 3 Answers
What is the value of p – (–3.5) when p = 8.2? User: What value of x ...
Weegy: –7.12 = –4.8 + x -7.12 = -4.8 + (-2.4) x = -2.4
9/22/2014 6:03:27 AM| 2 Answers
A system of two linear equations has no solution. How is this ...
Weegy: A system of two linear equations has an infinite number of solutions if B. The two equations are the same line. ...
9/22/2014 8:57:21 AM| 2 Answers
Find the equation of the line through the point (–2, –2) that is ...
Weegy: The slope of the line that is perpendicular to the line whose equation is 2x + y = 4 is 1/2. User: Two ...
9/22/2014 10:16:53 AM| 2 Answers
Which sentence below has the subordinate clause underlined? A. In ...
Weegy: Please indicate the underlined part in the sentence. So we can answer your question. User: Which of the ...
9/22/2014 10:24:45 AM| 2 Answers
Select the correct pronoun. The people _____ arrived late had ...
Weegy: A demonstrative pronoun represents a thing or things: 1. near in distance or time (this, these) 2. far in ...
9/22/2014 10:34:55 AM| 2 Answers
In order to save fabric for the war, most men wore a
Weegy: In order to save fabric for the war, most men wore a "victory suit" User: Taken together, the growth of ...
9/22/2014 11:41:15 AM| 2 Answers
Which of the following is a nonrenewable ...
Weegy: COAL is a nonrenewable resource. User: Which of the following is true about glass recycling? a. Recycling ...
9/22/2014 11:55:18 AM| 2 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
P
C
P
C
L
Points 2555 [Total 26953]| Ratings 5| Comments 2505| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2283 [Total 8814]| Ratings 10| Comments 2183| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 2000 [Total 17939]| Ratings 15| Comments 1850| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1977 [Total 11757]| Ratings 0| Comments 1977| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1776 [Total 18948]| Ratings 6| Comments 1716| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 703 [Total 11949]| Ratings 0| Comments 703| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 600 [Total 19131]| Ratings 1| Comments 590| Invitations 0|Online
S
L
Points 559 [Total 1229]| Ratings 0| Comments 559| Invitations 0|Offline
S
1
L
L
Points 467 [Total 5590]| Ratings 4| Comments 427| Invitations 0|Online
S
Points 64 [Total 64]| Ratings 2| Comments 34| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.