How can you tell of a company is profitable?

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A: Part 1:

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A: A Journal entry is a primary entry that records the financial transactions initially. The…

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A: Answer:- Comparative income statement meaning:- When different periods of the income statement are…

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A: Horizontal Analysis of income statement :— It is a type of income statement in which items of income…

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Q: Q12

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A: Answer:-  Straight-line method depreciation meaning:- An asset is expensed over a long period of…

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A: Introduction: A journal entry is used to describe a transaction that is recorded in the company's…

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A: Answer:-  Financial statements meaning:- Financial statements are documents that describe a…