Depletion is: A revenue for the business A liability for the business An asset for the business An expense for the business

Q: Net operating profit after taxes (NOPAT) is the amount of net income a company would generate from…

A: Solution : Net operating profit after taxes (NOPAT) is the amount of net income a company would…

Q: Factors that reflect the ability of a business to pay its debts and earn a reasonable amount of…

A: Financial ratios refer to the ratios which are calculated by comparing the two figures of the…

Q: Explain how is it possible for a business to earn a gross profit but still incur a net loss.

A: Profit is a financial measure that shows a business's financial performance and how much money it…

Q: Do expenses imply "sacrifices" required in the effort the business makes to generate revenue?…

A: The objective of the question is to understand if expenses in a business context can be considered…

Q: Information about a segment of the business that a company sells, abandons, or otherwise disposes of…

A: Income statement is the one which is prepared by the entity to show the profits of the entity. In…

Q: does a cancellation of a service affect the companys balance sheet or book value?

A: Cancellation of service affect the company's balance sheet or book value : Some of the contracts…

Q: ompany can not rely on net income as a valid measure to pay fixed charges

A:

Q: What assumption states that a business is able to financially continue operations and is not…

A: Accounting Principles- Accounting principles are the set of rules or principles defined for the…

Q: An expense represents a liability a cost of doing business none of the above a withdrawal

A: Liability represents the amount which will be paid by the entity in future as a result of present or…

Q: Decreases equity. Represents the amount of assets owners put into a business. Equals assets minus…

A: Income statement is the financial statement that helps the users to know the profitability position…

Q: Which of the following statements about accounting income and economic income is (are) correct? I.…

A: Accounting profits includes explicit costs only, whereas economic profits includes both explicit and…

Q: 19)-When a company sells used equipment for a loss, the net profit margin percentage is unaffected.…

A: Fixed assets are those assets which are being held in business for longer period of time. Regular…

Q: Which of the following statements regarding a business segment is false? Multiple Choice A business…

A: The concept of a company segment and its essential needs for financial reporting.The principal…

Q: most possible sources of income to a business, corporation or trust

A: Employment income or loss is applicable to individuals who are employees of an organization. This…

Q: The method of comparators can be applied using the ratio of operating income to revenue as a basis…

A: Operating Income is an accounting number that measures the amount of operating profit for a company…