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please help I will upvote! QUESTION 6 Here are some items that appear on an income statement. Operating expenses 2,200 Income taxes 500 Net other
please help I will upvote!
QUESTION 6 Here are some items that appear on an income statement. Operating expenses 2,200 Income taxes 500 Net other (other revenues and gains netted against other expenses and losses) (450) If the gross profit was $5,000, how much is net income on a multi-step income statement? $3,300 O $2,350 $1,850 $2,850 QUESTION 7 Entity H recently borrowed several million dollars from a group of lenders. To find out the amount of cash received, in which section of the statement of cash flows might you look? financing activities stockholders' activities investing activities operating activities QUESTION 10 Entity A reported the following items on its balance sheet at the end of the current year. All accounts are listed. Cash $ 45,000 Accounts payable $ 45,000 Prepaid Insurance 5,000 Taxes payable 12,000 Property, plant, & equip. 150,000 Long-term debt 50,000 Common stock 100,000 Accounts receivable 30,000 Retained earnings ? Inventory 56,000 What is Entity A's Retained Earnings balance at the end of the current year? O $79,000 $110,000 $107,000 $69,000Step by Step Solution
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