The numerator of the return on total assets is a. net income b. net income plus tax expense c. net income plus interest expense d. net income minus preferred dividends

Q: What item flows from the statement of retained earnings to the balance sheet?a. Cashb. Dividendsc.…

A: Financial Statement:   A financial statement is the complete record of financial transactions that…

Q: Why is the income statement called the "profit and loss statement"?

A: Income Statement is called the profit and loss statement because it records all the incomes and…

Q: Which of the following is included in computing the total gross income?  Incidental revenue Net…

A: Gross Income - It the amount of total income which includes from the other sources include operating…

Q: tatements:

A: The income statement determines the net income of the business by subtracting the total expenses…

Q: Compute for the consolidated net income

A: The consolidated net income is the combined income of both the parent company and its subsidiaries.…

Q: ntages of Income s

A: Income statement or profit and loss account is a type financial statement that shows the income…

Q: When conducting common-size balance sheet analysis, each item is expressed as a percentage of A)…

A: Common-size financial statement analysis is a method of finding out the relative health of the…

Q: This ratio is used to reflect t profit earning performance firm's assets return on assets net profit…

A: Solution: Profit earnings performance of the company's assets means that how much of the company's…

Q: Net income appears on which financial statement(s)?a. Balance sheetb. Income statementc. Statement…

A: Financial Statement:   A financial statement is the complete record of financial transactions that…

Q: List down the amounts of Beginning Retained Earning, Net Profits, Dividends paid and Ending Retained…

A: The Beginning Retained Earning, Net Profits, Dividends paid and Ending Retained Earning for both…

Q: Which of the following equations expresses the definition of “income”?   Choices; Income = Revenues…

A: Revenues - It is the amount of money received through sale of goods and services . Gains - It is the…

Q: The calculation of earnings and profits is used primarily to determine, which of the following: O a.…

A: Every company will try to increase the profitability from its operations. The company will earn…

Q: The income statement includes Group of answer choices -expenditures, net worth, surplus or deficit.…

A: Income statement is one of the financial statements that helps in depicting the profitability of an…

Q: The gain or loss on the net monetary position in a hyperinflationary economy shall be included in:…

A: This question is answered according to IAS 29 "Financial Reporting in Hyperinflationary Economies"

Q: income statement show

A: Income statement is a part of financial statements.

Q: The net assets approach of computing for the net income requires this item to be added to the ending…

A: Net Assets is the difference between Outsiders' Liability and Assets of the firm. It gives the Net…

Q: What is the net income from the following incor

A: Net Sales = Sales - Sales return = 12800 - 360 = 12440

Q: The most important non-cash item is a) Debt interest rate b) Income tax c) Dividend d) Depreciation

A: Answer

Q: In accordance with U.S. generally accepted accounting principles, which translation combination is…

A: If the U.S dollar is the functional currency of the subsidiary company then the temporal method as…

Q: Working Capital. Identify the working capital accounts related to, (d) income tax expense. For each…

A: Income tax payable is the liability for the company. It is presented in the balance sheet and posted…

Q: Convert from cash-basis net income to accrual-basis net income

A: Cash basis : Under cash basis of accounting, revenues and expenses are recorded only when cash is…

Q: A. Compute the return on average total assets. B. Compute the return on average ordinary…

A: Average total assets refer to the value of assets that are to be recorded at the end of the…

Q: Calculate the EBIT. EBIT Calculate the net income. Net income

A: EBIT:  Earnings before interest and taxes show the indication of the profitability for the…

Q: Find operating income earnings before interest and taxes earnings before taxes income tax expenses

A: Solution Concept Operating income means the income that is generated from the regular operations of…

Q: What is the net income What is the total comprehensive income/loss?

A: Comprehensive Income has all increases in equity over a lifetime, with the exception of those…

Q: Find the following using the given data: total expense Total assests Total liabilities

A: Financial statement means the trading and profit and loss account and balance sheet of the company…

Q: Required: Prepare a statement of comprehensive income (as discussed and illustrated on pages 22-23…

A: The one Statement format in which Comprehensive income is calculated using single format of…

Q: Which of the following is not included under other income? a. Rent received b. Commission received…

A: OTHER INCOME: IT IS THE INCOME THAT DOES NOT COME FROM THE FIRMS MAIN BUSINESS.

Q: income statement, statement of retained earning and balance sheet of the following

A: Financial statements are the ones that are prepared to record all the financial information in a…

Q: Which concept is applied to net income and other comprehensive income? A. Borrowed Capital B.…

A:

Q: In horizontal analysis, each item is expressed as a percentage of the: Choose net income amount nt…

A: "Since you have posted multiple questions, we will solve the first question for you. To get the…

Q: Identify the term being referred to: The percentage of dividends to earnings after taxes.

A: Answer -  Formula for Dividend Payout Ratio = Total Dividend / Earnings after tax *100. The dividend…

Q: On the multiple-step income statement, which of the following would be the least likely to be found…

A: Other losses and incomes head in the multistep income statement shows all the expenses and revenues…

Q: indicate whether the statement describes a multiple-step income statement or asingle-step income…

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: income statement fo

A: Particulars Amount in $ Beginning Direct Materials 13500 Add Direct Material purchases 36000…

Q: Is the income tax expense shown in the income statement same as the income tax paid shown in the…

A: Income tax expense is a tax calculated on the income earned during the given period. It is…

Q: Which of the following would not be used as a summary performance measure when using market…

A: In financial analysis the valuation of stock is done in term of multiples.

Q: The cumulative effects of other comprehensive income items are included in retained earnings on the…

A: Other comprehensive income is the income which includes the unrealized losses and gains. This income…

Q: Why do gains and losses go below "operating income" on the income statement?

A: The gains and losses are incurred by the company by performing the activities other than the…

Q: Realized gains and losses on investments available for sale are reported a. as a current asset b.…

A: Realized gains and losses on investments available for sale are reported on the income statement…

Q: Which of the following dividends may be recognized as revenue? a. Cash dividends b. share dividends…

A: Solution Concept Dividend is the amount of profit distributed to the shareholders of the company The…

Q: Which of the following is the correct formula for calculating rate of return on total​ assets?   A.…

A: Return on assets: Return on assets is the financial ratio that determines the amount of net income…

Q: Which of the following statements regarding net income transferred to retained earnings is correct?…

A:

Q: Comprehensive income is defined as plus other * .comprehensive income Gains And Losses Net Income…

A: Income means the amount earned by an entity after deducting the expenses.