Which two broad account categories are used to determine net income? Define each category and list two examples of each type


Net income is determined by subtracting expenses from revenues. Revenues are defined as increases in stockholders' equity resulting from selling goods, rendering services, or performing other business activities. Examples are fees for designing a website or sales made by a hobby shop. Expenses are decreases in stockholders' equity resulting from the cost of goods and services used up in the course of earning revenues. Examples include rent expense, insurance expense, and advertising expense.

Business

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What is the appropriate constraint for the requirement that there should be at least one different bar setup for every different type of food?

A) Bar - Food ? 0 B) Bar + Food ? 0 C) Food - Bar ? 0 D) Food + Bar ? 0

Business

Present value lets us compare dollar values from different time periods

Indicate whether this statement is true or false.

Business

Sure Good Appliance Corporation contracts with Trucking Company to take a selection of appliances to United Railroad, Inc, for United to transport the goods to a VeriSafe Company warehouse. Trucking, United, and VeriSafe each acknowledge possession of

the goods by a document of title. These parties are A) bailees. B) buyers. C) lessees. D) sellers.

Business

An executive coach cited in the organizational behavior text, observed that when goodperformers are given encouragement and recognition, they are likely to

What will be an ideal response?

Business