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Questions asked by the same visitor
Are liabilities are reported on the income statement?
Weegy: Please complete the question... (More)
Question
Expert Answered
Updated 6/24/2012 7:49:26 AM
1 Answer/Comment
Liabilities are not reported on the Income Statement. Liabilities are reported on the Balance Sheet.
Added 6/24/2012 7:49:26 AM
This answer has been added to the Weegy Knowledgebase
FIFO and LIFO are two common methods used to compute the depreciation of tangible assets. a. True b. False
Weegy: a. True (More)
Question
Expert Answered
Updated 6/24/2012 7:48:40 AM
1 Answer/Comment
The answer is False. LIFO and FIFO are methods of inventory accounting.
Added 6/24/2012 7:48:40 AM
This answer has been added to the Weegy Knowledgebase
Rated good by kaysha
Cash flow statements identify three sources of cash receipts and disbursements: Assets, liabilities and owners' equity. a. True b. False
Weegy: a. True (More)
Question
Expert Answered
Updated 6/24/2012 7:51:36 AM
1 Answer/Comment
False. Cash flow statements identify three sources of cash receipts and disbursements: operating, investing, and financing activities.
Added 6/24/2012 7:51:36 AM
This answer has been added to the Weegy Knowledgebase
Are liabilities are reported on the income statement?
Weegy: Yes. Liabilities are reported on the income statement. (More)
Question
Expert Answered
Updated 6/24/2012 7:47:16 AM
1 Answer/Comment
The answer is false. Liabilities are not reported on the Income Statement. Liabilities are reported on the Balance Sheet. The Income Statement reports revenue and expenses over a specific period of time.
Added 6/24/2012 7:47:16 AM
This answer has been added to the Weegy Knowledgebase
ven interest of $1,632 with principal of $16,000 for 306 days (ordinary interest), results in a rate of: a. 10 percent b. 12 percent c. 12 1/2 percent d. 13 percent e. None of these
Weegy: Given interest of $1,632 with principal of $16,000 for 306 days (ordinary interest), results in a rate of? 10 percent 12 percent 12 1/2 percent 13 percent None of these (More)
Question
Expert Answered
Updated 7/1/2012 5:06:06 PM
2 Answers/Comments
Given interest of $1,632 with principal of $16,000 for 306 days (ordinary interest), results in a rate of 12%.

1632=16000*306/360*r
1632=13600*r
r=1632/13600
r=0.12 = 12%
Added 7/1/2012 5:05:39 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [4/28/2016 8:32:14 PM]
Please don't just repeat the question. Either provide an answer or pass it to another expert.
Added 7/1/2012 5:06:08 PM
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