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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
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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|

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Asked 6/29/2012 10:18:02 AM
Updated 6/29/2012 11:25:24 AM
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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]
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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]
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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)
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Essentially, the cash flow statement is concerned with the flow of cash in and cash out of the business.
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