Where can I find the net profit after tax of a company? I am looking at a balance sheet and I do not see it. I am trying to calculate the ROA of Carnival (CCL)

Q: What is the impact on A Company financial statements if the company forgets to recognize that…

A: Unearned Revenue - Unearned Revenue is the revenue which is not earned by the company but amount…

Q: This is not correct. For the second question I need help with statement of comprehensive income and…

A:

Q: Using the Acme hardware case, What are the alternatives for accounting for advertising and how could…

A: Manipulation of income is defined as purposely manipulating financial data in the income statement…

Q: A business will have Net profit in which of the following cases? O a. Expenses are less than revenue…

A: Solution:- Introduction:-  Net profit is one of the best way to identify or estimate of business…

Q: If the 'bottom line' on the Income Statement section of a worksheet shows a net income, the amount…

A: The objective of the question is to understand the correct placement of net income in the worksheet…

Q: How does payments for tax and licenses affect accounting equation

A: The accounting equation shows that the asset is equal to the sum of liabilities and stockholders'…

Q: n which of the following cases will the business have Net profit ? a. Expenses are less than revenue…

A: Solution: "Expenses are less than revenue" in this case business will have net profit.

Q: Which of the following is true about expenses on the income statement?   Depreciation expense is…

A: Income statement also known as Profit and Loss statement is a financial statement that provides an…

Q: A system of accounting in which revenues are recognised when earned and expenses are recognised when…

A: Accrual system of accounting is the one in which expenses are recorded as and when they are incurred…

Q: Discuss the relationship between profit and ethics.

A: Ethics:   It is a set of moral principle followed by an individual or a company. It is not same for…

Q: Please answer with reason for all why the option is correct and why the other options are…

A: Realisation Concept: Realisation concept assumes that revenue is recognized only when there is a…

Q: Please explain the meaning of the following statement, I don't understand. The income reports net…

A: Income: It is often defined as the amount that is generated by a business from performing its…

Q: State some of the more serious problems encountered in seeking to achieve the ideal measurement of…

A: Net income: The amount which is computed by summing up all the revenues received during a specific…

Q: Accountants use reserve accounts for various reasons, for each of the cases below describe a…

A: Uses of reserves

Q: how to calculate vertical or horizontal analysis.

A:

Q: 1. Explain with examples the purpose, usefulness, and limitations of the Income Statement and the…

A: Income Statement:The income statement, also known as the profit and loss statement or statement of…

Q: Why are owners interested in the income statement?

A: Introduction: An income statement is a vital part of financial statements. It displays the net…

Q: Why are owners interested in the income statement?

A: An income statement is a document that outlines a firm's revenue and expenses. It also displays if a…

Q: What is E&P and how is it different than a company's net income?

A: E&P stands for "Earnings and Profits" and is a tax concept used by the Internal Revenue Service…

Q: What is accrual accounting and why is it the preferred method for most organisations?

A: The following are two methods used for financial reporting as follows under:-.Cash accountingAccrual…

Q: I am having a hard time figuring out how to calculate the net income using the accrual basis of…

A: Accrual basis: Accrual basis is a method of accounting. In this method recording of revenues are…

Q: If a company failed to record an accrued income, what would be the effects?

A: Accrued income is that income which is being earned by the business for the particular period of…

Q: Which of the following is NOT considered to be an operating expense on the income statement? Group…

A: Theses are the main expenses of the firm that are necessary for making the product and smooth…

Q: Which of the following statement is False for a Simple-Step Income Statement? a. Net Profit can be…

A: Single Step Income Statement is a method of expressing profit and loss statement that lists all…

Q: The basic purpose of accounting is to provide information about economic activities intended to be…

A: Accounting is a system meant for measuring business activities, processing of information into…

Q: what are accounting principles?

A: Accounting principles are a set of rules and regulations that should be followed when reporting the…

Q: Explain the purpose of and the information found on the income statement.

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Accrual Basis of Accounting versus Cash Basis of Accounting On December 31, Hermani Patterson…

A: Accrual basis of accounting provides that Revenue as well as Expenses will be recorded as and when…

Q: how do i understand in accounting whats to be decreased and whats to be increased?

A: Account: Account is the basic record that reports all changes in the value of particular assets,…

Q: Depletion is: A revenue for the business A liability for the business An asset for the business An…

A: Depletion is an accounting and tax concept used most often in the mining, timber, and petroleum…

Q: me statement represents the basic accounting equation. True or false?

A: Solution: Basic accounting equation is that Assets are equal to the sum of Liabilities + equity.…

Q: How would you describe the difference between cash basis accounting and accrual basis accounting?…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: As An accountant, how would you use lay off decisions

A: Accountant refers to a person who professionally performs accounting measures such as accounting…

Q: How does the accrual basis of accounting provide different results when compared with the cash…

A: Cash Basis of accounting- Under cash basis, accounting entries are recorded as and when there are…

Q: What does it mean when you talk about accumulated revenue? Give an illustration of what you mean

A: Here Is The Answer

Q: Income reported for a business entity depends on the proper recognition of revenues and expenses. In…

A: Recognition of revenues and expense refers to the timing and period in which they shall be recorded…