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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 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'. 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. 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? ] ] (More)
Question
Expert Answered
Updated 6/29/2012 11:25:24 AM
2 Answers/Comments
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]
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]
Rapidly growing companies often buy increasing amounts of merchandise from suppliers on credit, and then sell the goods to their customers on credit. These companies sometimes have difficulty repaying their suppliers when customers who buy on credit don't pay on time. Firms that experience this difficulty need to do a better job of:
Weegy: Post the choices please. User: a. Generating revenue. b. Controlling inventory. c. Managing cash flows. d. Balancing assets with liabilities. (More)
Question
Expert Answered
Updated 6/29/2012 11:22:13 AM
1 Answer/Comment
Firms that experience this difficulty need to do a better job of:
c. Managing cash flows.
Added 6/29/2012 11:22:13 AM
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